XML 26 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Description of Business and Summary of Significant Accounting Policies (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Assets [Abstract]  
Total assets measured at fair value $ 707 [1]
Liabilities [Abstract]  
Total liabilities measured at fair value 18,028 [1]
Fair Value, Inputs, Level 1 [Member]
 
Assets [Abstract]  
Total assets measured at fair value 707 [1]
Fair Value, Inputs, Level 2 [Member]
 
Liabilities [Abstract]  
Total liabilities measured at fair value 2,530 [1]
Fair Value, Inputs, Level 3 [Member]
 
Liabilities [Abstract]  
Total liabilities measured at fair value 15,498 [1]
Common share-based put option [Member]
 
Liabilities [Abstract]  
Derivative liabilities 2,530 [1],[2]
Common share-based put option [Member] | Fair Value, Inputs, Level 2 [Member]
 
Liabilities [Abstract]  
Derivative liabilities 2,530 [1],[2]
Foreign exchange contracts [Member]
 
Liabilities [Abstract]  
Derivative liabilities 0 [1],[3]
Contingent accrued earn-out acquisition consideration [Member]
 
Liabilities [Abstract]  
Derivative liabilities 15,498 [1],[4]
Contingent accrued earn-out acquisition consideration [Member] | Fair Value, Inputs, Level 3 [Member]
 
Liabilities [Abstract]  
Derivative liabilities 15,498 [1],[4]
Certificates of Deposit [Member]
 
Assets [Abstract]  
Available-for-sale securities 707 [1]
Certificates of Deposit [Member] | Fair Value, Inputs, Level 1 [Member]
 
Assets [Abstract]  
Available-for-sale securities $ 707 [1]
[1] During the three months ended June 30, 2013 there were no transfers between fair value levels 1, 2, or 3.
[2] In connection with the acquisition of PlanetSoft effective June 1, 2012, Ebix issued a put option to the PlanetSoft's three shareholders. The put option, which expires in June 2014, is exercisable during the thirty-day period immediately following the two-year anniversary date of the business acquisition, which if exercised would enable them to sell the underlying 296,560 shares of Ebix common stock they received as part of the purchase consideration, back to the Company at a price of $16.86 per share, which represents a 10% discount off of the per-share value established on the effective date of the closing of Ebix's acquisition of PlanetSoft. In accordance with the relevant authoritative accounting literature a portion of the total purchase consideration was allocated to this put liability based on its initial fair value, which was determined to be $1.4 million using the Black-Scholes model. The inputs used in the valuation of the put option include term, stock price volatility, current stock price, exercise price, and the risk free rate of return.
[3] CategoryMinMaxCustomer relationships720Developed technology312Trademarks315Non-compete agreements 5Database 10
[4] The income valuation approach is applied and the valuation inputs include the contingent payment arrangement terms, projected cash flows, rate of return, and probability assessments.