Business and Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of preliminary allocation of the purchase price to the fair value of the assets acquired and liabilities assumed in the acquisition

The following table summarizes the preliminary allocation of the purchase price to the fair value of the assets acquired and liabilities assumed in these acquisitions (in thousands):

	Software Advice		Other Acquisitions		Total
Assets:
Cash	$	1,450	$	3,202	$	4,652
Fees receivable and other current assets	3,612		3,645		7,257
Property, equipment, and leasehold improvements	235		170		405
Amortizable intangible assets (1), (2)	26,928		5,073		32,001
Goodwill (2)	73,663		5,012		78,675
Total assets	$	105,888	$	17,102	$	122,990
Liabilities:
Accounts payable and accrued liabilities	$	2,663	$	4,746	$	7,409
Total liabilities	$	2,663	$	4,746	$	7,409
Net assets acquired (3)	$	103,225	$	12,356	$	115,581

(1) See Note 6 - Goodwill and Intangible Assets for additional information regarding the types and amounts of amortizable intangibles recorded from these acquisitions.

(2) During the three months ended June 30, 2014, the recorded amount of an amortizable intangible asset resulting from the Software Advice acquisition was reduced by approximately $2.7 million and goodwill was increased by the same amount. This measurement period adjustment was based on a change in the underlying assumptions used to value the amortizable intangible asset and was due to the consideration of new information since the Company's filing of its Quarterly Report on Form 10-Q for the three months ended March 31, 2014.

(3) The Company paid $112.2 million in cash on a gross basis for the net assets acquired through June 30, 2014. On a net basis, and for cash flow reporting, the Company paid $107.5 million through June 30, which represents the $112.2 million in cash paid on a gross basis minus the $4.7 million of cash acquired from the purchased companies.

The Company has also recorded a liability for an additional $3.4 million to be paid for the acquisitions, of which approximately $2.5 million is expected to be paid in the third quarter of 2014.