Guarantor Financial Information

3 Months Ended

12 Months Ended

Mar. 31, 2013

Dec. 31, 2012

Guarantor Financial Information

Guarantor Financial Information

Note 16—Guarantor Financial Information

The Notes are guaranteed by the Company, along with certain of our wholly owned subsidiaries. Such guaranties are full, unconditional and joint and several. Condensed consolidating financial information related to the Company, our guarantor subsidiaries and our non-guarantor subsidiaries as of and for the three months ended March 31, 2013 and 2012 are reflected below:

Condensed Consolidating Statement of Operations

For the three months ended March 31, 2013

(Unaudited)

	Parent			Guarantor subsidiaries			Non- Guarantor subsidiaries		Elimination			Total
Net revenue	$	—		$	117,476		$	129,301	$	(3,965	)	$	242,812
Direct cost of revenue:
Customers	—			62,818			80,310					143,128
Intercompany	—			3,348			617		(3,965		)	—
	—			66,166			80,927		(3,965		)	143,128
Gross profit	—			51,310			48,374		—			99,684
Operating expenses	436			47,351			41,031		—			88,818
Non-operating expenses (income)	8,337			(2,451		)	3,350		—			9,236
Equity in earnings of subsidiaries	(9,031		)	—			—		9,031			—
Income (loss) before income taxes	258			6,410			3,993		(9,031		)	1,630
Provision (benefit) for income taxes	6			807			565		—			1,378
Net income (loss)	$	252		$	5,603		$	3,428	$	(9,031	)	$	252

Condensed Consolidating Statement of Operations

For the three months ended March 31, 2012

(Unaudited)

	Parent			Guarantor subsidiaries			Non- Guarantor subsidiaries			Elimination			Total
Net revenue	—			207,581			120,890			(112,932		)	215,539
Direct cost of revenue:
Customers	—			55,789			68,327						124,116
Intercompany	—			102,477			10,455			(112,932		)	—
	—			158,266			78,782			(112,932		)	124,116
Gross profit	—			49,315			42,108			—			91,423
Operating expenses	673			42,988			40,042			—			83,703
Non-operating expenses (income)	7,539			(1,563		)	1,339			—			7,315
Equity in earnings of subsidiaries	(7,557		)	—			—			7,557			—
Income (loss) before income taxes	(655		)	7,890			727			(7,557		)	405
Provision (benefit) for income taxes	—			(1,596		)	2,656			—			1,060
Net income (loss)	$	(655	)	$	9,486		$	(1,929	)	$	(7,557	)	$	(655	)

Condensed Consolidating Statement of Comprehensive Income

For the three months ended March 31, 2013

(Unaudited)

	Parent			Guarantor subsidiaries			Non- Guarantor subsidiaries			Elimination			Total
Net income (loss)	$	252		$	5,603		$	3,428		$	(9,031	)	$	252
Other comprehensive income:
Change in unrealized gain on forward exchange contracts, net of tax	(1,296		)	(851		)	(445		)	1,296			(1,296		)
Change in cumulative translation adjustment	(943		)	(2,397		)	1,454			943			(943		)
Comprehensive income (loss)	$	(1,987	)	$	2,355		$	4,437		$	(6,792	)	$	(1,987	)

Condensed Consolidating Statement of Comprehensive Income

For the three months ended March 31, 2012

(Unaudited)

	Parent			Guarantor subsidiaries		Non- Guarantor subsidiaries			Elimination			Total
Net income (loss)	$	(655	)	$	9,486	$	(1,929	)	$	(7,557	)	$	(655	)
Other comprehensive income:
Change in unrealized gain on forward exchange contracts, net of tax	2,662			1,430		1,232			(2,662		)	2,662
Change in cumulative translation adjustment	2,131			1,879		252			(2,131		)	2,131
Comprehensive income (loss)	$	4,138		$	12,795	$	(445	)	$	(12,350	)	$	4,138

Condensed Consolidating Balance Sheet

As of March 31, 2013

(Unaudited)

	Parent		Guarantor subsidiaries		Non- Guarantor subsidiaries		Elimination			Total
Assets
Cash and cash equivalents	$	6	$	2,821	$	11,980	$	—		$	14,807
Accounts receivable, net	—		147,343		33,345		—			180,688
Intercompany receivable	32,391		147,192		104,255		(283,838		)	—
Other current assets	4,438		11,193		12,378		—			28,009
Total current assets	36,835		308,549		161,958		(283,838		)	223,504
Equipment and fixtures, net and other assets	1,727		47,062		64,344		—			113,133
Investment in subsidiaries	456,967		134,288		17		(591,272		)	—
Goodwill and intangible assets, net	—		167,370		153,295		—			320,665
Total assets	$	495,529	$	657,269	$	379,614	$	(875,110	)	$	657,302
Liabilities and Stockholders’ Equity
Current liabilities	$	13,815	$	42,551	$	86,855	$	—		$	143,221
Intercompany payable	20,683		136,497		126,658		(283,838		)	—
Long-term liabilities	252,720		31,136		21,914		—			305,770
Total shareholders’ equity (deficit)	208,311		447,085		144,187		(591,272		)	208,311
Total liabilities and stockholders’ equity	$	495,529	$	657,269	$	379,614	$	(875,110	)	$	657,302

Condensed Consolidating Balance Sheet

As of December 31, 2012

(Unaudited)

	Parent		Guarantor subsidiaries		Non- Guarantor subsidiaries		Elimination			Total
Assets
Cash and cash equivalents	$	6	$	9,976	$	8,753	$	—		$	18,735
Accounts receivable, net	—		146,078		18,851		—			164,929
Intercompany receivable	32,391		125,083		96,406		(253,880		)	—
Other current assets	3,587		14,878		10,543		—			29,008
Total current assets	35,984		296,015		134,553		(253,880		)	212,672
Equipment and fixtures, net and other assets	2,254		48,018		61,995		—			112,267
Investment in subsidiaries	450,176		74,784		16		(524,976		)	—
Goodwill and intangible assets, net	—		169,792		109,297		—			279,089
Total assets	$	488,414	$	588,609	$	305,861	$	(778,856	)	$	604,028
Liabilities and Stockholders’ Equity
Current liabilities	$	5,948	$	43,510	$	66,727	$	—		$	116,185
Intercompany payable	41,786		128,645		83,449		(253,880		)	—
Long-term liabilities	230,784		31,915		15,248		—			277,947
Total shareholders’ equity (deficit)	209,896		384,539		140,437		(524,976		)	209,896
Total liabilities and stockholders’ equity	$	488,414	$	588,609	$	305,861	$	(778,856	)	$	604,028

Condensed Statements of Cash Flows

For the three months ended March 31, 2013

(Unaudited)

	Parent			Guarantor subsidiaries			Non- Guarantor subsidiaries			Elimination		Total
Net cash provided by (used in) operating activities	$	(360	)	$	12,735		$	6,799		$	—	$	19,174
Cash flows from investing activities:
Acquisition of business	—			—			(41,167		)	—		(41,167		)
Cash acquired from acquisition	—			—			4,951			—		4,951
Additions to equipment and fixtures	—			(4,402		)	(1,881		)	—		(6,283		)
Net cash used in investing activities	—			(4,402		)	(38,097		)	—		(42,499		)
Cash flows from financing activities:
Net repayments on line of credit	(9,137		)	—			—			—		(9,137		)
Net borrowings (repayments) on long term debt	30,600			2,030			(942		)	—		31,688
Net repayments on capital leases	—			(2,252		)	(786		)	—		(3,038		)
Net intercompany	(21,103		)	(13,570		)	34,673			—		—
Net cash provided by (used in) financing activities	360			(13,792		)	32,945			—		19,513
Effect of exchange rates on cash and cash equivalents	—			(1,696		)	1,580			—		(116		)
Net increase (decrease) in cash and cash equivalents	—			(7,155		)	3,227			—		(3,928		)
Cash and cash equivalents, beginning of period	6			9,976			8,753			—		18,735
Cash and cash equivalents, end of period	$	6		$	2,821		$	11,980		$	—	$	14,807

Condensed Statements of Cash Flows

For the three months ended March 31, 2012

(Unaudited)

	Parent			Guarantor subsidiaries			Non- Guarantor subsidiaries			Elimination		Total
Net cash provided by (used in) operating activities	$	(840	)	$	12,276		$	9,874		$	—	$	21,310
Cash flows from investing activities:
Additions to equipment and fixtures	—			(3,192		)	(3,159		)	—		(6,351		)
Net cash used in investing activities	—			(3,192		)	(3,159		)	—		(6,351		)
Cash flows from financing activities:
Net repayments on line of credit	(19,984		)	—			—			—		(19,984		)
Net repayments on long term debt	—			(63		)	(24		)	—		(87		)
Net repayments on capital leases	—			(2,294		)	(277		)	—		(2,571		)
Net intercompany	20,835			(17,202		)	(3,633		)	—		—
Tax payments for withholding on restricted stock	(11		)	—			—			—		(11		)
Net cash provided by (used in) financing activities	840			(19,559		)	(3,934		)	—		(22,653		)
Effect of exchange rates on cash and cash equivalents	—			5,858			(4,329		)	—		1,529
Net decrease in cash and cash equivalents	—			(4,617		)	(1,548		)	—		(6,165		)
Cash and cash equivalents, beginning of period	6			11,143			12,099			—		23,248
Cash and cash equivalents, end of period	$	6		$	6,526		$	10,551		$	—	$	17,083

Note 19—Guarantor Financial Information

        The Notes are guaranteed by the Company, along with certain of our wholly owned subsidiaries. Such guaranties are full, unconditional and joint and several. Condensed consolidating financial information related to the Company, our guarantor subsidiaries and our non-guarantor subsidiaries as of December 31, 2012 and 2011 and for the years ended December 31, 2012, 2011 and 2010 are reflected below:

Condensed Consolidating Statement of Operations
For the year ended December 31, 2012

	Parent			Guarantor subsidiaries			Non- Guarantor subsidiaries		Elimination			Total
Net revenue:
Customers	$	—		$	759,902		$	100,409	$	—		$	860,311
Intercompany		—			(329,157	)		356,413		(27,256	)		—
		—			430,745			456,822		(27,256	)		860,311
Direct cost of revenue
Customers		—			226,802			275,248					502,050
Intercompany		—			24,725			2,531		(27,256	)		—
		—			251,527			277,779		(27,256	)		502,050
Gross profit		—			179,218			179,043		—			358,261
Operating expenses		3,938			172,006			158,594		—			334,538
Non-operating expenses		31,654			(8,390	)		8,139		—			31,403
Equity in earnings of subsidiaries		(10,868	)		—			—		10,868			—
Income (loss) before income taxes		(24,724	)		15,602			12,310		(10,868	)		(7,680	)
Provision (benefit) for income taxes		(11,777	)		11,251			5,793		—			5,267
Net income (loss)	$	(12,947	)	$	4,351		$	6,517	$	(10,868	)	$	(12,947	)

Condensed Consolidating Statement of Operations
For the year ended December 31, 2011

	Parent			Guarantor subsidiaries			Non- Guarantor subsidiaries			Elimination			Total
Net revenue:
Customers	$	—		$	693,960		$	152,947		$	—		$	846,907
Intercompany		—			95,849			326,522			(422,371	)		—
		—			789,809			479,469			(422,371	)		846,907
Direct cost of revenue
Customers		—			223,364			271,062						494,426
Intercompany		—			379,492			42,879			(422,371	)		—
		—			602,856			313,941			(422,371	)		494,426
Gross profit		—			186,953			165,528			—			352,481
Operating expenses		2,704			181,771			152,868			—			337,343
Non-operating expenses		28,906			(5,176	)		8,952			—			32,682
Equity in earnings of subsidiaries		5,538			—			—			(5,538	)		—
Income (loss) before income taxes		(37,148	)		10,358			3,708			5,538			(17,544	)
Provision (benefit) for income taxes		(13,511	)		13,957			5,647			—			6,093
Net income (loss)	$	(23,637	)	$	(3,599	)	$	(1,939	)	$	5,538		$	(23,637	)

Condensed Consolidating Statement of Operations
For the year ended December 31, 2010

	Parent			Guarantor subsidiaries			Non- Guarantor subsidiaries			Elimination			Total
Net revenue:
Customers	$	—		$	638,444		$	161,729		$	—		$	800,173
Intercompany		—			(15,877	)		292,521			(276,644	)		—
		—			622,567			454,250			(276,644	)		800,173
Direct cost of revenue
Customers		—			225,867			243,670						469,537
Intercompany		—			236,228			40,416			(276,644	)		—
		—			462,095			284,086			(276,644	)		469,537
Gross profit		—			160,472			170,164			—			330,636
Operating expenses		6,972			181,129			155,406			—			343,507
Non-operating expenses		25,959			(8,527	)		12,780			—			30,212
Equity in earnings of subsidiaries		28,148			—			—			(28,148	)		—
Income (loss) before income taxes		(61,079	)		(12,130	)		1,978			28,148			(43,083	)
Provision (benefit) for income taxes		(7,604	)		13,768			4,228			—			10,392
Net income (loss)	$	(53,475	)	$	(25,898	)	$	(2,250	)	$	28,148		$	(53,475	)

Condensed Consolidating Statement of Comprehensive Income (Loss)
For the year ended December 31, 2012

	Parent			Guarantor subsidiaries		Non- Guarantor subsidiaries			Elimination			Total
Net income (loss)	$	(12,947	)	$	4,351	$	6,517		$	(10,868	)	$	(12,947	)
Other comprehensive income:
Change in unrealized gain on forward exchange contracts, net of tax		5,689			1,620		4,069			(5,689	)		5,689
Change in cumulative translation adjustment		98			348		(250	)		(98	)		98
Comprehensive income (loss)	$	(7,160	)	$	6,319	$	10,336		$	(16,655	)	$	(7,160	)

Condensed Consolidating Statement of Comprehensive Income (Loss)
For the year ended December 31, 2011

	Parent			Guarantor subsidiaries			Non- Guarantor subsidiaries			Elimination		Total
Net income (loss)	$	(23,637	)	$	(3,599	)	$	(1,939	)	$	5,538	$	(23,637	)
Other comprehensive income:
Change in unrealized loss on forward exchange contracts, net of tax		(7,764	)		(3,515	)		(4,249	)		7,764		(7,764	)
Change in cumulative translation adjustment		(3,561	)		(1,320	)		(2,241	)		3,561		(3,561	)
Comprehensive income (loss)	$	(34,962	)	$	(8,434	)	$	(8,429	)	$	16,863	$	(34,962	)

Condensed Consolidating Statement of Comprehensive Income (Loss)
For the year ended December 31, 2010

	Parent			Guarantor subsidiaries			Non- Guarantor subsidiaries			Elimination			Total
Net income (loss)	$	(53,475	)	$	(25,898	)	$	(2,250	)	$	28,148		$	(53,475	)
Other comprehensive income:
Change in unrealized gain on forward exchange contracts, net of tax		5,445			2,129			3,316			(5,445	)		5,445
Change in cumulative translation adjustment		(2,820	)		(1,620	)		(1,200	)		2,820			(2,820	)
Comprehensive income (loss)	$	(50,850	)	$	(25,389	)	$	(134	)	$	25,523		$	(50,850	)

Condensed Consolidating Balance Sheet
As of December 31, 2012

	Parent		Guarantor subsidiaries		Non- Guarantor subsidiaries		Elimination			Total
Assets
Cash and cash equivalents	$	6	$	9,976	$	8,753	$	—		$	18,735
Accounts receivable, net		—		146,078		18,851		—			164,929
Intercompany receivable		32,391		125,083		96,405		(253,879	)		—
Other current assets		3,587		14,878		10,543		—			29,008
Total current assets		35,984		296,015		134,552		(253,879	)		212,672
Equipment and fixtures, net and other assets		2,254		48,018		61,995		—			112,267
Investment in subsidiaries		450,176		74,784		16		(524,976	)		—
Goodwill and intangible assets, net		—		169,792		109,297		—			279,089
Total assets	$	488,414	$	588,609	$	305,860	$	(778,855	)	$	604,028
Liabilities and Stockholders' Equity
Current liabilities	$	5,948	$	43,510	$	66,727	$	—		$	116,185
Intercompany payable		41,786		128,645		83,448		(253,879	)		—
Long-term liabilities		230,784		31,915		15,248		—			277,947
Total shareholders' equity (deficit)		209,896		384,539		140,437		(524,976	)		209,896
Total liabilities and stockholders' equity	$	488,414	$	588,609	$	305,860	$	(778,855	)	$	604,028

Condensed Consolidating Balance Sheet
As of December 31, 2011

	Parent		Guarantor subsidiaries		Non- Guarantor subsidiaries		Elimination			Total
Assets
Cash and cash equivalents	$	6	$	11,143	$	12,099	$	—		$	23,248
Accounts receivable, net		—		141,579		24,384		—			165,963
Intercompany receivable		22,788		94,203		89,121		(206,112	)		—
Other current assets		2,614		17,510		7,698		—			27,822
Total current assets		25,408		264,435		133,302		(206,112	)		217,033
Equipment and fixtures, net and other assets		4,107		51,356		50,780		—			106,243
Investment in subsidiaries		431,363		74,284		17		(505,664	)		—
Goodwill and intangible assets, net		—		181,750		111,670		—			293,420
Total assets	$	460,878	$	571,825	$	295,769	$	(711,776	)	$	616,696
Liabilities and Stockholders' Equity
Current liabilities	$	6,025	$	51,092	$	63,477	$	—		$	120,594
Intercompany payable		2,397		111,763		91,952		(206,112	)		—
Long-term liabilities		239,012		33,757		9,889		—			282,658
Total shareholders' equity (deficit)		213,444		375,213		130,451		(505,664	)		213,444
Total liabilities and stockholders' equity	$	460,878	$	571,825	$	295,769	$	(711,776	)	$	616,696

Condensed Statements of Cash Flows
For the year ended December 31, 2012

	Parent			Guarantor subsidiaries			Non- Guarantor subsidiaries			Elimination		Total
Net cash provided by (used in) operating activities	$	(17,545	)	$	31,139		$	38,373		$	—	$	51,967
Cash flows from investing activities:
Investment in subsidiaries		—			16,940			(16,940	)		—		—
Additions to equipment and fixtures		—			(15,750	)		(32,951	)		—		(48,701	)
Net cash provided by (used in) investing activities		—			1,190			(49,891	)		—		(48,701	)
Cash flows from financing activities:
Net borrowings (repayments) on line of credit		(10,075	)		—			—			—		(10,075	)
Net borrowings (repayments) on long term debt		—			1,823			11,752			—		13,575
Net borrowings (repayments) on capital leases		—			(8,939	)		(2,721	)		—		(11,660	)
Net intercompany		27,631			(31,284	)		3,653			—		—
Tax payments on withholding of restricted stock		(11	)		—			—			—		(11	)
Net cash provided by (used in) financing activities		17,545			(38,400	)		12,684			—		(8,171	)
Effect of exchange rates on cash and cash equivalents		—			4,904			(4,512	)		—		392
Net increase (decrease) in cash and cash equivalents		—			(1,167	)		(3,346	)		—		(4,513	)
Cash and cash equivalents, beginning of period		6			11,143			12,099			—		23,248
Cash and cash equivalents, end of period	$	6		$	9,976		$	8,753		$	—	$	18,735

Condensed Statements of Cash Flows
For the year ended December 31, 2011

	Parent			Guarantor subsidiaries			Non- Guarantor subsidiaries			Elimination		Total
Net cash provided by (used in) operating activities	$	(4,447	)	$	15,960		$	38,602		$	—	$	50,115
Cash flows from investing activities:
Investment in subsidiaries		—			(62,809	)		62,809			—		—
Additions to equipment and fixtures, net		—			(20,062	)		(19,250	)		—		(39,312	)
Net cash provided by (used in) investing activities		—			(82,871	)		43,559			—		(39,312	)
Cash flows from financing activities:
Net borrowings (repayments) on line of credit		20,250			—			—			—		20,250
Net borrowings (repayments) on long term debt		—			233			836			—		1,069
Net borrowings (repayments) on capital leases		—			(7,486	)		(3,199	)		—		(10,685	)
Net intercompany		(2,135	)		76,952			(74,817	)		—		—
Tax withholding on restricted stock		(23	)		—			—			—		(23	)
Repurchase of common stock		(13,645	)		—			—			—		(13,645	)
Net cash provided by (used in) financing activities		4,447			69,699			(77,180	)		—		(3,034	)
Effect of exchange rates on cash and cash equivalents		—			5,924			(8,934	)		—		(3,010	)
Net increase (decrease) in cash and cash equivalents		—			8,712			(3,953	)		—		4,759
Cash and cash equivalents, beginning of period		6			2,431			16,052			—		18,489
Cash and cash equivalents, end of period	$	6		$	11,143		$	12,099		$	—	$	23,248

Condensed Statements of Cash Flows
For the year ended December 31, 2010

	Parent			Guarantor subsidiaries			Non- Guarantor subsidiaries			Elimination		Total
Net cash provided by (used in) operating activities	$	(22,321	)	$	10,653		$	34,112		$	—	$	22,444
Cash flows from investing activities:
Investment in subsidiaries		(106,505	)		105,038			1,467			—		—
Additions to equipment and fixtures, net		—			(15,081	)		(7,823	)		—		(22,904	)
Net cash provided by (used in) investing activities		(106,505	)		89,957			(6,356	)		—		(22,904	)
Cash flows from financing activities:
Net borrowings (repayments) on line of credit		9,004			—			—			—		9,004
Net borrowings (repayments) on long term debt		—			(90	)		—			—		(90	)
Net borrowings (repayments) on capital leases		—			(3,412	)		(2,448	)		—		(5,860	)
Net intercompany		118,968			(100,003	)		(18,965	)		—		—
Proceeds from issuance of common stock related to pre-emptive rights and stock options		268			—			—			—		268
Tax withholding on restricted stock		(233	)		—			—			—		(233	)
Proceeds from exercise of warrants		2,307			—			—			—		2,307
Repurchase of warrants		(1,608	)		—			—			—		(1,608	)
Net cash provided by (used in) financing activities		128,706			(103,505	)		(21,413	)		—		3,788
Effect of exchange rates on cash and cash equivalents		—			2,131			(1,898	)		—		233
Net increase (decrease) in cash and cash equivalents		(120	)		(764	)		4,445			—		3,561
Cash and cash equivalents, beginning of period		126			3,195			11,607			—		14,928
Cash and cash equivalents, end of period	$	6		$	2,431		$	16,052		$	—	$	18,489