XML 36 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Acquisitions (Tables)
3 Months Ended
Mar. 31, 2013
Business Combinations [Abstract]  
Schedule of Purchase Price Allocation
The following tables summarize (in thousands) the purchase price allocation for the acquisition of Apex, which is subject to adjustment for pre-acquisition contingencies and income taxes related to the acquisition during the measurement period:

 
 
Apex
Current assets
 
$
169,844

Property and equipment
 
902

Goodwill
 
266,788

Identifiable intangible assets
 
251,555

Other
 
494

Total assets acquired
 
$
689,583

 
 
 
Current liabilities
 
$
77,905

Other
 
850

Total liabilities assumed
 
78,755

Total purchase price
 
$
610,828

Schedule of Intangible Assets Acquired as Part of Business Combinations
The following table summarizes (in thousands) the allocation of the purchase price among the identifiable intangible assets for the acquisition of Apex:
 
 
 
Identifiable Intangible Asset Value
 
Useful life
 
Apex
Contractor relationships
5 years
 
$
10,589

Customer relationships
10 years
 
92,147

Non-compete agreements
7 years
 
2,076

Trademarks
indefinite
 
146,743

Total identifiable intangible assets acquired
 
 
$
251,555

Schedule of Pro Forma Consolidated Results of Operations
 
Revenues
$
342,721

Operating income
$
13,464

Income from continuing operations
$
7,839

Net income
$
8,175

 
 
Basic earnings per share:
 
Income from continuing operations
$
0.15

Net income
$
0.16

 
 
Diluted earnings per share:
 
Income from continuing operations
$
0.15

Net income
$
0.16

 
 
Weighted average number of shares outstanding
51,574

Weighted average number of shares and dilutive shares outstanding
52,459