XML 54 R24.htm IDEA: XBRL DOCUMENT v2.4.1.9
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2014
Business Acquisition [Line Items]  
Schedule of Potential Contingent Consideration
Below is a summary of the potential contingent consideration we may be required to pay in connection with completed acquisitions as of December 31, 2014 (dollars in thousands): 
 
 
Original range
of potential
undiscounted
 
As of December 31, 2014
Maximum contingent consideration due in
Acquisition:
 
payments
 
2015
 
2016
 
Total
Prospero
 
$0 - $4,675
 
$
1,720

 
$

 
$
1,720

Effective Companies
 
$0 - $5,668
 
2,834

 
2,834

 
5,668

Total
 
 
 
$
4,554

 
$
2,834

 
$
7,388

Schedule of Changes in Contingent Consideration Liabilities
Below is a summary of the changes in the recorded amount of contingent consideration liabilities from December 31, 2013 to December 31, 2014 for each acquisition (dollars in thousands): 
 
 
Liability as of
 
2014
Additions
 
Change in
Fair Value of
Contingent
 
Foreign
Currency
 
Liability as of
Acquisition:
 
Dec. 31, 2013
 
(Payments)
 
Consideration
 
Translation
 
Dec. 31, 2014
Bath Consulting
 
$
997

 
$
(1,005
)
 
$

 
$
8

 
$

Prospero
 
1,841

 

 
(1,796
)
 
(45
)
 

Lorien
 
959

 
(1,015
)
 
31

 
25

 

Effective Companies
 

 
5,345

 
373

 
(635
)
 
5,083

Total
 
$
3,797


$
3,325


$
(1,392
)

$
(647
)

$
5,083

2014 Acquisitions [Member]  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions by Year
The following table summarizes the purchase price and purchase price allocation for the acquisition (dollars in thousands). 
 
Cash purchase price
 
$
9,000

 
Fair value of contingent consideration
 
5,345

 
Working capital adjustment
 
4

 
Total purchase price
 
$
14,349

 
 
 
 
 
Purchase price allocation:
 
 

 
Cash
 
$
334

 
Accounts receivable
 
1,378

 
Prepaid expenses and other assets
 
496

 
Property, plant and equipment
 
80

 
Amortizable intangible assets
 
1,613

 
Goodwill
 
12,556

 
Total assets
 
16,457

 
 
 
 
 
Accounts payable and accrued expenses
 
582

 
Billings in excess of costs and estimated
    earnings on uncompleted contracts
 
940

 
Deferred tax liability
 
586

 
Total liabilities
 
2,108

 
 
 
 
 
Net assets acquired
 
$
14,349

 

2013 Acquisitions [Member]  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions by Year
The following tables summarize the purchase prices and purchase price allocations for the acquisitions completed during the years ended December 31, 2013 and 2012.  A description of the acquired businesses during each year is summarized below each table.

2013 Acquisitions

(Dollars in thousands)
Acquired company

Prospero

Lorien







Acquisition date

5/31/2013


6/12/2013








Cash purchase price

$
7,028


$
6,734

Fair value of contingent consideration

3,670


573

Total purchase price

$
10,698


$
7,307








Purchase price allocation:

 


 

Cash

$


$
23

Accounts receivable



1,856

Other assets

7


1,553

Property, plant and equipment

51


116

Intangible assets

2,801


1,715

Goodwill

8,112


5,494

Total assets

10,971


10,757








Accounts payable and accrued expenses

40


1,975

Billings in excess of costs and estimated
    earnings on uncompleted contracts

233


1,132

Deferred tax liability



343

Total liabilities

273


3,450








Net assets acquired

$
10,698


$
7,307

2012 Acquisitions [Member]  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions by Year
The purchase price allocation above was translated into U.S. dollars based on the exchange rate in effect on the date of acquisition.
 
2012 Acquisitions
 
(Dollars in thousands)
Acquired company
 
Information
Horizons
 
Asentus
 
Rovsing
Dynamics
 
Blessing
White
 
 
 
 
 
 
 
 
 
Acquisition date
 
5/1/2012

 
6/29/2012

 
9/17/2012

 
10/1/2012

 
 
 
 
 
 
 
 
 
Cash purchase price
 
$
531

 
$
1,417

 
$
720

 
$
10,529

Fair value of contingent consideration
 

 
765

 

 

Total purchase price
 
$
531


$
2,182


$
720


$
10,529

 
 
 
 
 
 
 
 
 
Purchase price allocation:
 
 

 
 

 
 

 
 

Cash
 
$

 
$
396

 
$
20

 
$
830

Accounts receivable
 

 
1,970

 

 
2,796

Other assets
 

 
411

 
898

 
527

Property, plant and equipment
 
26

 
46

 
5

 
76

Intangible assets
 
505

 
443

 
775

 
3,280

Goodwill
 

 
1,957

 
458

 
6,070

Total assets
 
531


5,223


2,156


13,579

 
 
 
 
 
 
 
 
 
Accounts payable and accrued expenses
 

 
2,708

 
428

 
1,456

Billings in excess of costs and estimated
    earnings on uncompleted contracts
 

 
247

 
1,008

 
282

Deferred tax liability
 

 
86

 

 
1,312

Total liabilities
 


3,041


1,436


3,050

 
 
 
 
 
 
 
 
 
Net assets acquired
 
$
531


$
2,182


$
720


$
10,529