XML 59 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8

Business Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2013

Re-Measured Fair Value of Earn-Out Consideration with Corresponding Changes in Consolidated Statements of Income

As of September 30, 2013, the Company re-measured the fair value of such earn-out consideration with corresponding changes in the Consolidated Statements of Income as follows:

Decrease in fair value of earn-out consideration for Empower		$	(145	)
Decrease in fair value of earn-out consideration for Triumph Companies			(2,150	)
Decrease in fair value of earn-out consideration for Atyati			(1,794	)
Decrease in fair value of earn-out consideration for HPP			(363	)
		$	(4,452	)

Third Pillar System Inc

Purchase Price Allocation Based on Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of purchase price based on the fair value of assets acquired and liabilities assumed as of the acquisition date:

Cash consideration		$	2,500
Recognized amounts of identifiable assets acquired and liabilities assumed
Current assets		$	375
Intangible assets			298
Other non-current assets			24
Current liabilities			(200	)
Total identifiable net assets acquired		$	497
Goodwill			2,003
Total		$	2,500

NGEN Media Services Private Limited

Purchase Price Allocation Based on Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid to acquire NGEN and the fair value of assets acquired and liabilities assumed as of the acquisition date, as well as the fair value of the Company’s existing investment in NGEN as of the acquisition date:

Cash consideration		$	158
Acquisition date fair value of the Company’s investment in NGEN held before the business combination			158
Total		$	316
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents		$	432
Current assets			402
Tangible fixed assets			27
Other non-current assets			89
Current liabilities			(337	)
Other liabilities			(274	)
Total identifiable net assets acquired		$	339
Gain recognized on acquisition			(23	)
Total		$	316

Jawood Business Process Solutions, LLC and Felix Software Solutions Private Limited

Purchase Price Allocation Based on Fair Value of Assets Acquired and Liabilities Assumed

Pursuant to the terms of the acquisition agreements with the respective sellers, the purchase consideration for the Jawood business is comprised of the following:

Base purchase price		$	53,295
Closing date net working capital adjustment			(3,821	)
Closing date indebtedness adjustment			(2,202	)
Closing date cash adjustment			1,304
Seller expenses			(1,379	)
Total purchase price		$	47,197

Business Acquisition Purchase Price Determination

The following table summarizes the allocation of the purchase price based on the fair value of assets acquired and liabilities assumed as of the date of acquisition including measurement period adjustments:

Purchase price		$	47,197
Acquisition related costs included in selling, general and administrative expenses			310
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents		$	1,364
Current assets			6,477
Tangible fixed assets			704
Intangible assets			11,200
Other non-current assets			548
Current liabilities			(7,866	)
Long term liabilities			(56	)
Total identifiable net assets acquired		$	12,371
Goodwill			34,826
Total		$	47,197

Fair Value and Estimated Useful Lives of Intangibles

The value and estimated useful lives of the intangible assets are as follows:

		Value				Estimated useful life
Customer related intangible assets		$	10,200				1 – 7 years
Marketing related intangible assets			1,000				1 – 5 years

Atyati Technologies Private Limited

Purchase Price Allocation Based on Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase price based on the fair value of assets acquired and liabilities assumed as of the date of acquisition including measurement period adjustments:

Purchase price		$	23,394
Acquisition related costs included in selling, general and administrative expenses			164
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents		$	2,000
Current assets			5,265
Tangible fixed assets			426
Intangible assets			8,767
Deferred tax asset/ (liability), net			(2,557	)
Other non-current assets			369
Current liabilities			(3,424	)
Short term borrowings			(654	)
Other liabilities			(737	)
Total identifiable net assets acquired		$	9,455
Goodwill			13,939
Total		$	23,394

Business Acquisition Purchase Price Determination

Pursuant to the terms of the acquisition agreement with the sellers, the purchase consideration is comprised of the following:

Cash consideration		$	19,368
Acquisition date discounted value of deferred consideration			2,539
Acquisition date fair value of earn-out consideration			1,487
Working capital adjustment			—
Total purchase price		$	23,394

Fair Value and Estimated Useful Lives of Intangibles

The value and estimated useful lives of the intangibles are as follows:

		Value				Estimated useful life
Customer related intangibles		$	5,408				4 – 9 years
Other intangibles			3,359				7 years

Triumph Engineering Corporation and Triumph On-Demand Inc

Purchase Price Allocation Based on Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase price based on the fair value of assets acquired and liabilities assumed as of the date of acquisition:

Purchase price		$	5,446
Acquisition related costs included in selling, general and administrative expenses			134
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents		$	312
Current assets			1,708
Tangible fixed assets			175
Intangible assets			382
Deferred tax asset/ (liability), net			(565	)
Current liabilities			(720	)
Short term borrowing			(350	)
Total identifiable net assets acquired		$	942
Goodwill			4,504
Total		$	5,446

Business Acquisition Purchase Price Determination

Pursuant to the terms of the acquisition agreement with the seller, the purchase consideration is comprised of the following:

Cash consideration		$	3,600
Acquisition date fair value of deferred consideration			379
Acquisition date fair value of earn-out consideration			3,256
Working capital adjustment			(848	)
Closing indebtedness adjustment			(941	)
Total purchase price		$	5,446

Fair Value and Estimated Useful Lives of Intangibles

The value and estimated useful lives of the intangibles are as follows:

		Value				Estimated useful life
Customer related intangibles		$	382				1 to 10 years

Accounting Plaza B.V. ("Accounting Plaza")

Purchase Price Allocation Based on Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase consideration based on the fair value of assets acquired and liabilities assumed as of the date of acquisition including measurement period adjustments:

Purchase consideration		$	38,698
Acquisition related costs included in selling, general and administrative expenses			434
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents		$	1,664
Current assets			11,327
Tangible fixed assets			2,010
Intangible assets			13,138
Deferred tax asset/ (liability), net			(2,711	)
Other non-current assets			971
Current liabilities			(9,062	)
Other liabilities			(4,188	)
Total identifiable net assets acquired		$	13,149
Goodwill			25,549
Total		$	38,698

Business Acquisition Purchase Price Determination

Pursuant to the terms of the acquisition agreement with the sellers, the purchase consideration is comprised of the following:

Base consideration		$	38,698
Adjustment for transfer of pension funds			—
Adjustment for underfunding in pension funds			—
Adjustment for sellers warranty breaches and certain other transactions			—
Adjustment for transaction costs			—
Purchase consideration		$	38,698

Fair Value and Estimated Useful Lives of Intangibles

The value and estimated useful life of the intangible asset are as follows:

		Value				Estimated useful life
Customer related intangible		$	13,138				3 – 10 years

X

- Definition

Tabular disclosure representing the change in fair value of potential payments under the contingent consideration arrangement.

+ References

No definition available.

+ Details

Name:	g_ContingentConsiderationEarnOutTableTextBlock
Namespace Prefix:	g_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of a material business combination completed during the period representing the determination of purchase consideration.

+ References

No definition available.

+ Details

Name:	g_ScheduleOfBusinessAcquisitionPurchasePriceDeterminationTableTextBlock
Namespace Prefix:	g_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472

+ Details

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration