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Acquisitions
9 Months Ended
Sep. 30, 2013
Acquisitions  
Acquisitions

4.  Acquisitions

 

During 2012 we completed the following 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

 

 

Each of the acquired businesses has been included in our results of operations since the date of closing.  Accordingly, 2013 and 2012 operating results are not entirely comparable due to these acquisitions and related costs.

 

The following unaudited pro forma information presents our results of operations for the three and nine months ended September 30, 2012 as if (i) the acquisitions of North Country and Peer 39 and (ii) the disposition of the Chors assets had occurred on January 1, 2012 (in thousands, except per share amounts).  A table of actual amounts is provided for reference.

 

 

 

As Reported

 

Pro Forma

 

 

 

Three Months
Ended September 30,
2012

 

Nine Months
Ended September 30,
2012

 

Three Months
Ended September 30,
2012

 

Nine Months
Ended September 30,
2012

 

Revenue

 

$

93,818

 

$

283,003

 

$

94,125

 

$

285,045

 

Loss from continuing operations

 

(219,727

)

(217,930

)

(219,723

)

(219,368

)

Loss per share—continuing operations:

 

 

 

 

 

 

 

 

 

Basic

 

$

(7.96

)

$

(7.95

)

$

(7.96

)

$

(7.95

)

Diluted

 

$

(7.96

)

$

(7.95

)

$

(7.96

)

$

(7.95

)