Annual report pursuant to Section 13 and 15(d)

Business Acquisitions (Tables)

v2.4.0.6
Business Acquisitions (Tables)
12 Months Ended
Dec. 31, 2012
Business Acquisition [Line Items]  
Pro forma financial information
                 
    At December 31,  
    2012     2011  

Revenues

    $         162,859       $         148,695  

Net income

    528       3,772  

Net income per share:

               

Basic

    0.02       0.12  

Diluted

    0.02       0.11  
FundQuest [Member]
 
Business Acquisition [Line Items]  
Consideration transferred in acquisition
         

Cash paid to owners

    $       24,390  

Non-cash consideration:

       

Favorable contract

    4,897  

Other

    1,241  

Cash acquired

    (671

Working capital adjustment

    (2,061
   

 

 

 
      $ 27,796  
   

 

 

 
Estimated fair values of assets acquired at the date of acquisition
         
    December 31, 2011
(As Adjusted)
 

Accounts receivable

    $               2,603  

Prepaid expenses and other current assets

    46  

Property and equipment

    442  

Intangible assets

    11,830  

Goodwill

    19,303  

Accounts payable and accrued liabilities

    (1,364

Deferred income taxes

    (4,710

Deferred revenue

    (354
   

 

 

 

Total assets acquired

    $ 27,796  
   

 

 

 
Summary of intangible assets acquired, estimated useful lives and amortization method
                         
    Amount     Weighted-
Average
Useful  Life

In Years
    Amortization
Method
 

Customer list

    $         11,830                   7       Accelerated  
Prima Capital Holding, Inc [Member]
 
Business Acquisition [Line Items]  
Consideration transferred in acquisition
         

Cash paid to owners

    $            13,750  

Cash acquired

    (1,767

Cash paid for working capital settlement

    1,942  
   

 

 

 
      $ 13,925  
   

 

 

 
Estimated fair values of assets acquired at the date of acquisition
         

Accounts receivable

    $                   72  

Prepaid expenses and other current assets

    36  

Notes receivable

    860  

Property and equipment

    103  

Deferred income taxes - non current

    1,328  

Intangible assets

    4,940  

Goodwill

    9,283  

Accounts payable and accrued liabilities

    (171

Deferred income tax liabilities

    (1,796

Deferred revenue

    (730
   

 

 

 

Total net assets acquired

    $ 13,925  
   

 

 

 
Summary of intangible assets acquired, estimated useful lives and amortization method
                         
    Amount     Weighted-
Average
Useful  Life

in Years
    Amortization
Method
 

Customer list

    $         3,740               10       Accelerated  

Proprietary technology

    700       5       Accelerated  

Trade names

    500       5       Accelerated  
   

 

 

                 

Total

    $ 4,940                  
   

 

 

                 
Tamarac, Inc. [Member]
 
Business Acquisition [Line Items]  
Consideration transferred in acquisition
         

Cash paid to owners

    $       54,000  

Non-cash consideration

    101  

Cash acquired

    (2,533

Receivable from working capital settlement

    (3,141
   

 

 

 
      $ 48,427  
   

 

 

 
Estimated fair values of assets acquired at the date of acquisition
         

Accounts receivable

    $                   489  

Other receivables

    681  

Prepaid expenses and other current assets

    216  

Deferred income tax assets

    7,235  

Property and equipment

    444  

Deposits

    379  

Intangible assets

    16,150  

Goodwill

    35,027  

Accounts payable and accrued liabilities

    (2,356

Deferred income tax liabilities

    (5,907

Deferred revenue

    (3,931
   

 

 

 

Total net assets acquired

    $ 48,427  
   

 

 

 
Summary of intangible assets acquired, estimated useful lives and amortization method
                         
    Amount     Weighted-
Average
Useful  Life

in Years
    Amortization
Method
 

Customer list

    $         8,680               12       Accelerated  

Proprietary technology

    5,880       8       Accelerated  

Trade names

    1,590       5       Accelerated  
   

 

 

                 

Total

    $         16,150