XML 52 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2012
Acquisitions  
Schedule of acquisitions

 

Business Acquired
  Date of Closing   Net Assets
Acquired
(in millions)
  Form of
Consideration

North Country

    July 31, 2012   $ 3.7   Cash

Peer 39

    April 30, 2012     15.7   Cash/Stock

EyeWonder

    September 1, 2011     61.0   Cash

MediaMind

    July 26, 2011     499.3   Cash

MIJO

    April 1, 2011     43.8   Cash

Match Point

    October 1, 2010     27.7   Cash
Schedule of estimated fair values of assets acquired and liabilities assumed

 The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the respective dates of acquisition for the above referenced transactions (in millions).

Category
  North
Country
  Peer 39   EyeWonder   MediaMind   MIJO   Match
Point
 

Current assets

  $ 0.5   $ 2.4   $ 13.4   $ 139.0   $ 5.1   $ 2.8  

Property and equipment

    0.7     0.7     2.3     9.1     4.0     0.8  

Other assets

        0.5     1.6     12.7          

Customer relationships

    1.1     3.1     10.7     62.4     7.8     8.7  

Trade names

    0.2     0.2     1.8     10.0     1.8     1.7  

Developed technology

        1.8     1.3     14.3     2.6      

Noncompetition agreements

    0.5     1.0     2.2     7.6     4.6     3.8  

Goodwill

    0.8     7.2     43.4     292.1     19.5     11.5  
                           

Total assets acquired

    3.8     16.9     76.7     547.2     45.4     29.3  

Less deferred tax liabilities

            (2.3 )   (19.3 )        

Less other liabilities assumed

    (0.1 )   (1.2 )   (13.4 )   (28.6 )   (1.6 )   (1.6 )
                           

Net assets acquired

  $ 3.7   $ 15.7   $ 61.0   $ 499.3   $ 43.8   $ 27.7  
                           
Schedule of as reported and pro forma information regarding results of operations related to acquisitions and disposition of assets

The following pro forma information presents our results of operations for the years ended December 31, 2012 and 2011 as if (i) the acquisitions of North Country, Peer 39, EyeWonder, MediaMind and MIJO and (ii) the disposition of the Chors assets, had occurred on January 1, 2011 (in thousands, except per share amounts). A table of actual amounts is provided for reference.

 
  As Reported
Years Ended
December 31,
  Unaudited
Pro Forma
Years Ended
December 31,
 
 
  2012   2011   2012   2011  

Revenue

  $ 386,613   $ 324,257   $ 388,655   $ 406,224  

Income (loss) from continuing operations

    (238,755 )   26,537     (240,114 )   6,417  

Income (loss) per share—continuing operations:

                         

Basic

  $ (8.69 ) $ 0.96   $ (8.70 ) $ 0.23  

Diluted

  $ (8.69 ) $ 0.95   $ (8.70 ) $ 0.23