v2.4.0.6
Business Combinations (Tables)
 6 Months Ended
Oct. 31, 2012
Business Combinations [Abstract]  
Purchase price for PowerReviews

The Company allocated the purchase price for PowerReviews as follows (in thousands):

 

         

Cash and cash equivalents

   $ 745  

Restricted cash

     104  

Accounts receivable

     497  

Prepaid expenses and other current assets

     156  

Property and equipment

     280  

Current deferred tax asset

     239  

Intangible assets:

        

Domain name (Indefinite useful life)

     800  

Developed technology (3 year useful life)

     5,400  

Customer relationships (3 to 10 year useful life)

     35,000  
   

 

 

  

Total identified intangible assets

     41,200  

Goodwill

     113,152  
   

 

 

  

Total assets acquired

     156,373  

Accounts payable

     (304 ) 

Accrued liabilities

     (2,167 ) 

Deferred revenue

     (2,627 ) 

Non-current deferred tax liability

     (521 ) 
   

 

 

  

Total liabilities assumed

     (5,619 ) 
   

 

 

  

Net assets acquired

   $ 150,754  
   

 

 

  

Using a price of $17.20 per share of common stock issued, which was the closing price of the Company’s common stock on the Nasdaq Global Market on the date of the acquisition, the consideration paid was as follows (in thousands):

 

         

Cash

   $ 31,059  

Common stock

     109,745  

Fair Value of Vested Stock Options Assumed

     9,950  
   

 

 

  

Total consideration

   $ 150,754  
   

 

 

  
Changes in goodwill
         

Balance, as of April 30, 2012

   $ —    

Increase in goodwill related to acquisition

     113,152  
   

 

 

  

Balance, as of October 31, 2012, gross

   $ 113,152  
   

 

 

  

Accumulated impairment loss

     —    
   

 

 

  

Balance, as of October 31, 2012, net

   $ 113,152  
   

 

 

  
Unaudited pro forma adjusted summary
                                 
    Three Months Ended October 31,     Six Months Ended October 31,  
    2012     2011     2012     2011  

Pro forma adjusted total revenue

   $ 38,626     $ 27,929     $ 75,892     $ 52,825  

Pro forma adjusted net loss attributable to Bazaarvoice, Inc.

   $ (10,259 )    $ (10,376 )    $ (27,037 )    $ (30,942 ) 

Pro forma adjusted net loss per share attributable to Bazaarvoice, Inc.:

                                

Basic and Diluted

   $ (0.15 )    $ (0.40 )    $ (0.40 )    $ (1.21 )