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Segments (Tables)

3 Months Ended

Mar. 31, 2012

Financial performance of the Company's reporting segments


	Three Months Ended March 31, 2012
	Brazil			Argentina			Mexico			Venezuela			Other Countries			Total
Net revenues	$	42,164,654		$	18,116,469		$	6,583,865		$	11,241,572		$	5,629,446		$	83,736,006
Direct costs		(25,743,214	)		(8,122,935	)		(3,646,637	)		(4,847,335	)		(2,815,667	)		(45,175,788	)

Direct contribution		16,421,440			9,993,534			2,937,228			6,394,237			2,813,779			38,560,218
Operating expenses and indirect costs of net revenues																	(13,629,474	)

Income from operations																	24,930,744

Other income (expenses):
Interest income and other financial gains																	3,088,560
Interest expense and other financial results																	(77,317	)
Foreign currency loss																	(1,032,978	)
Other losses, net																	(4,252	)

Net income before income / asset tax expense																$	26,904,757


	Three Months Ended March 31, 2011
	Brazil			Argentina			Mexico			Venezuela			Other Countries			Total
Net revenues	$	34,723,195		$	10,579,932		$	5,234,333		$	6,770,453		$	4,151,755		$	61,459,668
Direct costs		(20,075,608	)		(4,427,098	)		(2,716,359	)		(3,069,739	)		(2,100,316	)		(32,389,120	)

Direct contribution		14,647,587			6,152,834			2,517,974			3,700,714			2,051,439			29,070,548
Operating expenses and indirect costs of net revenues																	(9,779,392	)


Income from operations																	19,291,156

Other income (expenses):
Interest income and other financial gains																	1,873,768
Interest expense and other financial results																	(628,950	)
Foreign currency loss																	(500,655	)
Other income, net																	20,344

Net income before income / asset tax expense																$	20,055,663

Allocation of the long-lived tangible assets based on geography


	March 31,		December 31,
	2012		2011
US long-lived tangible assets	$	7,158,884	$	5,976,544
Other countries long-lived tangible assets
Argentina		14,435,776		14,316,612
Brazil		2,364,730		2,528,378
Mexico		430,039		409,707
Venezuela (*)		7,870,266		7,192,073
Other countries		857,360		454,405

	$	25,958,171	$	24,901,175

Total long-lived tangible assets	$	33,117,055	$	30,877,719

(*)	On June 2, 2011, the Company’s Venezuelan subsidiary acquired an office property of 992 square meters in a building located in Caracas, Venezuela. The purchase price of $6,626,433 million was paid in cash.

Allocation of the goodwill and intangible assets based on geography


	March 31,		December 31,
	2012		2011
US intangible assets	$	28,882	$	—
Other countries goodwill and intangible assets
Argentina		21,835,253		22,407,558
Brazil		12,035,958		11,686,315
Mexico		14,908,278		13,709,353
Venezuela		6,595,222		6,599,584
Other countries		15,158,681		14,185,995

	$	70,533,392	$	68,588,805

Total goodwill and intangible assets	$	70,562,274	$	68,588,805

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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