Acquisitions (Tables)

9 Months Ended

Sep. 30, 2013

SystemMetrics Corporation

Acquisitions

Summary of assets acquired and liabilities assumed

The following table summarizes the assets acquired and the liabilities assumed (dollars in thousands):

Assets -
Property and equipment	$	3,781
Intangible assets	4,380
Goodwill	10,368
Other assets	643
	19,172
Liabilities -
Current liabilities	3,684
Non-current liabilities	2,304
Deferred income taxes	1,326
	7,314
Net acquisition price	$	11,858

Schedule of pro forma results

The pro forma results are as follows (dollars in thousands):

	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
Revenues	$	99,649		$	98,512		$	296,443		$	294,411
Expenses	91,610			87,885			264,808			262,631
Operating income	8,039			10,627			31,635			31,780
Other income (expense)	(4,082		)	(5,480		)	(18,344		)	(21,974		)
Income before income tax benefit	3,957			5,147			13,291			9,806
Income tax expense (benefit)	1,301			(298		)	4,970			(799		)
Net income	$	2,656		$	5,445		$	8,321		$	10,605

Wavecom Solutions Corporation

Acquisitions

Summary of assets acquired and liabilities assumed

The adjustments are as follows (dollars in thousands):

						Recognized
	Recognized		Measurement			as of
	as of		Period			Acquisition
	Acquisition		Adjustments			As Revised
Assets -
Property and equipment	$	11,898	$	876		$	12,774
Intangible assets	1,060		(410		)	650
Goodwill	1,569		(154		)	1,415
Other assets	1,663		—			1,663
	16,190		312			16,502
Liabilities -
Current liabilities	2,360		—			2,360
Payable from Wavecom to the Company	4,037		—			4,037
Non-current liabilities	1,450		—			1,450
	7,847		—			7,847
Net acquisition price	$	8,343	$	312		$	8,655