Business Acquisitions (Tables)
| 9 Months Ended |
|---|
Sep. 30, 2011 |
|---|
| Schedule Of Business Acquisition Purchase Price Determination |
| |
|
|
|
|
|
Enterprise value |
|
$ |
550,000 |
|
|
Estimated net working capital adjustment |
|
|
8,455 |
|
| |
|
|
Cash and cash equivalents |
|
|
25,845 |
|
| |
|
|
Funded Indebtedness |
|
|
— |
|
|
Seller expenses liability |
|
|
(19,205 |
) |
| |
|
|
|
|
|
Total preliminary estimated purchase price |
|
$ |
565,095 |
|
| |
|
|
|
| |
| Schedule Of Useful Lives For Amortizable Intangible Assets |
| |
|
|
|
|
|
|
| |
|
Preliminary
estimated value |
|
|
Estimated
useful life |
|
Customer related intangibles |
|
$ |
68,450 |
|
|
2 to 11 years |
|
Marketing related intangibles |
|
|
21,820 |
|
|
10 years |
|
Other intangibles |
|
|
750 |
|
|
7 years | |
Headstrong Corporation [Member] | |
| Purchase Price Allocated Based On Estimates Of Fair Values Of Acquired Assets And Liabilities |
| |
|
|
|
|
|
Preliminary estimated cash consideration |
|
$ |
565,095 |
|
|
Acquisition related costs included in selling, general and administrative expenses |
|
|
5,616 |
|
|
Recognized amounts of identifiable assets acquired and liabilities assumed |
|
|
|
|
|
Cash and cash equivalents |
|
$ |
25,845 |
|
|
Current assets |
|
|
62,237 |
|
|
Tangible fixed assets, net |
|
|
14,634 |
|
|
Intangible assets |
|
|
91,020 |
|
|
Deferred tax assets, net |
|
|
18,346 |
|
|
Other non-current assets |
|
|
11,968 |
|
|
Current liabilities |
|
|
(42,650 |
) |
|
Long term liabilities |
|
|
(6,274 |
) |
| |
|
|
|
|
|
Total identifiable net assets assumed |
|
$ |
175,126 |
|
|
Goodwill |
|
|
389,969 |
|
| |
|
|
|
|
|
Total |
|
$ |
565,095 |
| |
| Summary Of Pro Forma Combined Results Of Operations |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Actual as reported |
|
|
Pro forma |
|
| |
|
Nine months ended |
|
|
Nine months ended |
|
| |
|
Sept 30, 2010 |
|
|
Sept 30, 2011 |
|
|
Sept 30, 2010 |
|
|
Sept 30, 2011 |
|
|
Net revenue |
|
$ |
917,417 |
|
|
$ |
1,157,742 |
|
|
$ |
1,077,651 |
|
|
$ |
1,239,533 |
|
|
Net income from continuing operations |
|
$ |
96,152 |
|
|
$ |
123,174 |
|
|
$ |
106,776 |
|
|
$ |
135,641 |
|
|
Earnings per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.44 |
|
|
$ |
0.56 |
|
|
$ |
0.49 |
|
|
$ |
0.61 |
|
|
Diluted |
|
$ |
0.43 |
|
|
$ |
0.54 |
|
|
$ |
0.48 |
|
|
$ |
0.60 |
| |
Akritiv Technologies, Inc. [Member] | |
| Purchase Price Allocated Based On Estimates Of Fair Values Of Acquired Assets And Liabilities |
| |
|
|
|
|
|
Net assets and liabilities |
|
$ |
(166 |
) |
|
Other intangible assets |
|
|
600 |
|
|
Goodwill |
|
|
2,992 |
|
|
Deferred tax liabilities, net |
|
|
(131 |
) |
| |
|
|
|
|
| |
|
$ |
3,295 |
|
| |
|
|
|
| |
Nissan Human Information Services Co., Ltd. [Member] | |
| Purchase Price Allocated Based On Estimates Of Fair Values Of Acquired Assets And Liabilities |
| |
|
|
|
|
|
Cash and cash equivalents |
|
$ |
256 |
|
|
Current assets |
|
|
5,624 |
|
|
Tangible fixed assets, net |
|
|
735 |
|
|
Intangible assets |
|
|
452 |
|
|
Deferred tax assets, net |
|
|
265 |
|
|
Other non-current assets |
|
|
20 |
|
|
Current liabilities |
|
|
(5,364 |
) |
|
Goodwill |
|
|
12 |
|
| |
|
|
|
|
| |
|
$ |
2,000 |
|
| |
|
|
|
| |
High Performance Partners LLC [Member] | |
| Purchase Price Allocated Based On Estimates Of Fair Values Of Acquired Assets And Liabilities |
| |
|
|
|
|
|
Acquisition date fair value of contingent consideration |
|
$ |
6,417 |
|
|
Acquisition date fair value of the Company's investment in HPP held before the business combination |
|
|
1,326 |
|
| |
|
|
|
|
|
Total |
|
$ |
7,743 |
|
|
Recognized amounts of identifiable assets acquired and liabilities assumed |
|
|
|
|
|
Intangible assets |
|
$ |
1,863 |
|
|
Current liabilities |
|
|
(108 |
) |
| |
|
|
|
|
|
Total identifiable net assets assumed |
|
$ |
1,755 |
|
|
Goodwill |
|
|
5,988 |
|
| |
|
|
|
|
|
Total |
|
$ |
7,743 |
| |