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BUSINESS COMBINATION (Tables)
9 Months Ended
Sep. 30, 2012
BUSINESS COMBINATION  
Summary of consideration paid and the preliminary fair value of assets acquired and liabilities assumed at the acquisition date

 

 

$s in thousands

 

Initial Purchase
Price Allocation

 

Working Capital
Adjustments

 

Purchase Price
Allocation at
September 30, 2012

 

Current assets

 

$

2,281

 

$

(67

)

$

2,214

 

Property and equipment

 

6,552

 

 

6,552

 

Identifiable intangible assets

 

1,940

 

 

1,940

 

Current liabilities

 

(1,268

)

 

(1,268

)

Total identifiable net assets

 

9,505

 

(67

)

9,438

 

Goodwill

 

1,745

 

(418

)

1,327

 

Total purchase price

 

$

11,250

 

$

(485

)

$

10,765

 

Schedule of unaudited pro forma financial information

 

 

 

 

(unaudited)

 

(unaudited)

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

$s in thousands, except per share amounts

 

2012

 

2011

 

2012

 

2011

 

Pro forma combined:

 

 

 

 

 

 

 

 

 

Revenue

 

$

45,739

 

$

43,982

 

$

124,233

 

$

124,863

 

Net income

 

$

8,662

 

$

4,050

 

$

19,402

 

$

12,681

 

Earnings per share

 

 

 

 

 

 

 

 

 

Basic

 

$

0.48

 

$

0.22

 

$

1.06

 

$

0.70

 

Diluted

 

$

0.47

 

$

0.22

 

$

1.06

 

$

0.70