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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2012
Business Combinations [Abstract]  
Schedule of Purchase Price Allocation
The following tables summarize (in thousands) the purchase price allocations for the acquisitions of Apex, which is subject to finalization during the measurement period and HCP and Valesta:

 
2012 Acquisition
 
2011 Acquisitions
 
Apex
 
HCP
 
Valesta
 
Total
Current assets
$
169,803

 
$
3,950

 
$
6,332

 
$
10,282

Property and equipment
902

 
123

 
299

 
422

Goodwill
266,716

 
14,398

 
17,088

 
31,486

Identifiable intangible assets
251,555

 
1,784

 
5,679

 
7,463

Other
494

 
13

 
26

 
39

Total assets acquired
$
689,470

 
$
20,268

 
$
29,424

 
$
49,692

 
 
 
 
 
 
 
 
Current liabilities
$
77,793

 
$
1,070

 
$
4,774

 
$
5,844

Other
850

 
49

 
991

 
1,040

Total liabilities assumed
78,643

 
1,119

 
5,765

 
6,884

Total purchase price
$
610,827

 
$
19,149

 
$
23,659

 
$
42,808

Schedule of Intangible Assets Acquired as Part of Business Combinations
The following table summarizes (in thousands) the allocation of the purchase price among the identifiable intangible assets for the acquisition of Apex, which is subject to finalization during the measurement period and HCP and Valesta:
 
 
 
Identifiable Intangible Asset Value
 
 
 
2012 Acquisition
 
2011 Acquisitions
 
Useful life
 
Apex
 
HCP
 
Valesta
 
Total
Contractor relations
2 – 5 years
 
$
10,589

 
$
814

 
$
266

 
$
1,080

Customer relations
2 – 10 years
 
92,147

 
950

 
2,395

 
3,345

Non-compete agreements
2 – 7 years
 
2,076

 
20

 
440

 
460

Trademarks
indefinite
 
146,743

 

 
2,578

 
2,578

Total identifiable intangible assets acquired
 
 
$
251,555

 
$
1,784

 
$
5,679

 
$
7,463

Schedule of Pro Forma Consolidated Results of Operations
The summary below (in thousands, except for per share data) presents pro forma consolidated results of operations for the nine months ended September 30, 2012 and 2011 as if the acquisitions of HCP and Valesta occurred on January 1, 2010, and the acquisition of Apex occurred on January 1, 2011. The pro forma financial information gives effect to certain adjustments, including: the amortization of intangible assets and interest expense on acquisition-related debt, changes in the management fees, and increased number of common shares as a result of the acquisition. Acquisition-related costs are assumed to have occurred at the beginning of the year prior to acquisition. The pro-forma financial information is not necessarily indicative of the operating results that would have occurred if the acquisition had been consummated as of the date indicated, nor are they necessarily indicative of future operating results.
 
 
Nine Months Ended
 
September 30,
 
2012
 
2011
Revenues
$
1,120,323

 
$
961,320

Operating income
$
91,319

 
$
55,040

Net income
$
42,506

 
$
21,626

 
 
 
 
Basic earnings per share
$
0.82

 
$
0.42

Diluted earnings per share
$
0.80

 
$
0.42

 
 
 
 
Weighted average number of shares outstanding
51,929

 
51,170

Weighted average number of shares and dilutive shares outstanding
52,959

 
52,060