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Acquisition (Tables)
9 Months Ended
Sep. 30, 2011
Acquisition 
Schedule of the consideration paid by the company

The following table summarizes the consideration paid by the Company (in thousands):

 

Cash

 

$

168,805

 

Common Stock (6,380,806 shares at $13.86 per share)

 

88,438

 

Total

 

$

257,243

 

Purchase price allocated from business combination

The Company performed a valuation of the net assets acquired as of June 3, 2011 (the acquisition closing date). The purchase price from the business combination was allocated as follows:

 

 

 

(in thousands)

 

Cash

 

$

1,424

 

Accounts receivable

 

1,140

 

Identified intangible assets

 

159,200

 

Property and equipment

 

965

 

Other assets

 

133

 

Goodwill

 

96,994

 

Liabilities

 

(2,613

)

Total

 

$

257,243

 

Schedule of identified intangible assets assumed in the acquisition of CRI

 

 

 

 

Total

 

Estimated Useful
Life

 

 

 

(in thousands)

 

(in years)

 

Existing technology

 

$

129,400

 

7

 

Customer relationships

 

17,300

 

7

 

Favorable contracts

 

12,200

 

2

 

Non-competition agreements

 

300

 

3

 

Total

 

$

159,200

 

 

 

Schedule of unaudited pro forma financial information

Additionally, the unaudited pro forma financial results do not include any anticipated synergies or other expected benefits from the acquisition (unaudited, in thousands, except per share amounts):

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Revenue

 

$

100,263

 

$

32,700

 

$

233,598

 

$

240,013

 

Net income (loss)

 

$

4,708

 

$

(26,966

)

$

(46,627

)

$

85,873

 

Net income (loss) per share - diluted

 

$

0.04

 

$

(0.23

)

$

(0.41

)

$

0.69