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BUSINESS COMBINATIONS (Tables)
12 Months Ended
Dec. 31, 2014
EQ  
Summary of consideration paid and the preliminary fair value of assets acquired and liabilities assumed at the acquisition date

 

                                                                                                                                                                                    

 

 

 

Purchase Price Allocation

 

$s in thousands

 

September 30, 2014

 

Adjustments

 

December 31, 2014

 

Current assets

 

$

113,199

 

$

(1,217

)

$

111,982

 

Property and equipment

 

 

103,532

 

 

(1,989

)

 

101,543

 

Identifiable intangible assets

 

 

250,900

 

 

1,974

 

 

252,874

 

Current liabilities

 

 

(57,438

)

 

(147

)

 

(57,585

)

Other liabilities

 

 

(131,159

)

 

(8,172

)

 

(139,331

)

​  

​  

​  

​  

​  

​  

Total identifiable net assets

 

 

279,034

 

 

(9,551

)

 

269,483

 

Goodwill

 

 

192,633

 

 

4,530

 

 

197,163

 

​  

​  

​  

​  

​  

​  

Total purchase price

 

$

471,667

 

$

(5,021

)

$

466,646

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of fair value estimate of identifiable intangible assets by major intangible assets and related weighted average amortization period

 

                                                                                                                                                                                    

$s in thousands

 

Fair Value

 

Weighted Average
Amortization
Period (Years)

 

Customer relationships

 

$

98,400 

 

 

15 

 

Permits and licenses

 

 

89,600 

 

 

45 

 

Permits and licenses, nonamortizing

 

 

49,000 

 

 

 

Tradename

 

 

5,481 

 

 

 

Customer backlog

 

 

4,600 

 

 

10 

 

Developed software

 

 

3,443 

 

 

 

Non-compete agreements

 

 

900 

 

 

 

Internet domain and website

 

 

869 

 

 

19 

 

Database

 

 

581 

 

 

15 

 

​  

​  

Total identifiable intangible assets

 

$

252,874 

 

 

 

 

​  

​  

​  

​  

​  

 

Schedule of unaudited pro forma financial information

 

                                                                                                                                                                                    

$s in thousands, except per share amounts

 

2014

 

2013

 

 

 

(unaudited)

 

Pro forma combined:

 

 

 

 

 

 

 

Revenue

 

$

615,264 

 

$

539,760 

 

Net income

 

$

37,347 

 

$

29,606 

 

Earnings per share

 

 

 

 

 

 

 

Basic

 

$

1.73 

 

$

1.59 

 

Diluted

 

$

1.72 

 

$

1.59 

 

 

Dynecol  
Summary of consideration paid and the preliminary fair value of assets acquired and liabilities assumed at the acquisition date

 

                                                                                                                                                                                    

$s in thousands

 

2012

 

Current assets

 

$

2,214

 

Property and equipment

 

 

6,552

 

Identifiable intangible assets

 

 

1,940

 

Current liabilities

 

 

(1,268

)

​  

​  

Total identifiable net assets

 

 

9,438

 

Goodwill

 

 

1,327

 

​  

​  

Total purchase price

 

$

10,765

 

​  

​  

​  

​  

​  

 

Schedule of unaudited pro forma financial information

 

                                                                                                                                                                                    

 

$s in thousands, except per share amounts

 

2012

 

 

 

(unaudited)

 

Pro forma combined:

 

 

 

 

Revenue

 

$

174,639 

 

Net income

 

$

25,513 

 

Earnings per share

 

 

 

 

Basic

 

$

1.40 

 

Diluted

 

$

1.40