Acquisitions (Tables)

12 Months Ended

Dec. 31, 2012

Creative Tops

The purchase price was determined as follows (in thousands):


Cash paid, net of cash acquired	$	20,584
Common stock issued		3,100

Total purchase price	$	23,684

The purchase price was allocated based on management’s estimate of the fair value of the assets acquired and liabilities assumed, as follows (in thousands):


	Purchase Price Allocation

Accounts receivable⁽¹⁾	$	8,559
Inventory		5,228
Other current assets		508
Property and equipment		844
Goodwill and other intangibles		16,892
Accounts payable		(1,250	)
Accrued expenses		(2,351	)
Other liabilities		(1,191	)
Deferred tax liability		(3,555	)

Total allocated value	$	23,684

(1)	The fair value of accounts receivable approximated the gross contractual amounts receivable.

Fred & Friends

Purchase Price

The purchase price has been determined as follows (in thousands):


Cash paid	$	14,500
Common stock issued		1,507
Value of contingent consideration		5,370

Total purchase price	$	21,377

The purchase price has been preliminarily allocated based on management’s estimate of the fair value of the assets acquired and liabilities assumed, as follows (in thousands):


	Purchase Price Allocation

Accounts receivable⁽¹⁾	$	5,003
Inventory		3,941
Other assets		360
Other liabilities		(1,519	)
Goodwill and other intangibles		13,592

Total allocated value	$	21,377

Note:

(1)	The fair value of accounts receivable approximated the gross contractual amounts receivable.