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Acquisitions (Tables)
 6 Months Ended
Dec. 31, 2012
Aggregate Purchase Price Recorded

The total purchase prices recorded were as follows (in thousands):

 

     Ziff Davis      ITBE      Other      Total  

Cash

    $ 17,270       $ 23,961       $ 14,620       $ 55,851   

Fair value of debt (net of imputed interest)

      —           —           9,696       $ 9,696   
  

 

 

     

 

 

     

 

 

     

 

 

  
   $ 17,270       $ 23,961       $ 24,316       $ 65,547   
  

 

 

     

 

 

     

 

 

     

 

 

  
Allocation of Purchase Price and Estimated Useful Lives of Assets Acquired

The following table summarizes the allocation of the purchase price and the estimated useful lives of the identifiable intangible assets acquired as of the date of the acquisitions (in thousands):

 

     Ziff Davis     ITBE     Other      Total     Estimated
Useful Life

Tangible assets acquired

    $ —        $ 3,597      $ —         $ 3,597     

Liabilities assumed

      (255 )      (1,868 )      —           (2,123 )   

Customer/publisher/advertiser relationships

      4,120        3,230        435         7,785      3-5 years

Content

      500        420        4,541         5,461      2-5 years

Website/trade/domain names

      4,630        2,220        1,250         8,100      4-8 years

Registered user database

      6,320        4,220        —           10,540      3 years

Acquired technology and other

      —          —          560         560      4-5 years

Noncompete agreements

      —          100        87         187      1-3.5 years

Goodwill

      1,955        12,042        17,443         31,440      Indefinite
  

 

 

    

 

 

    

 

 

     

 

 

    
   $ 17,270      $ 23,961      $ 24,316       $ 65,547     
  

 

 

    

 

 

    

 

 

     

 

 

    
Schedule of Pro Forma Financial Information

The unaudited pro forma financial information as presented below is for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisitions had taken place at the beginning of fiscal year 2012.

 

     Three Months Ended
December 31,		      Six Months Ended
December 31,		  
     (In thousands)      (In thousands)  
     2012     2011      2012     2011  

Net revenue

    $ 73,319      $ 92,041       $ 151,945      $ 197,399   

Net income

      (63,355 )      2,642         (64,742 )      7,320   

Basic net income per share

    $ (1.53 )    $ 0.06       $ (1.51 )    $ 0.15   

Diluted net income per share

    $ (1.53 )    $ 0.06       $ (1.51 )    $ 0.15