v2.4.0.8

Business Combinations (Tables) | 12 Months Ended
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Apr. 30, 2014
FeedMagnet |
Purchase Price | The Company allocated the purchase price for FeedMagnet as follows (in thousands):
Cash and cash equivalents |  | $ | 383 |
Accounts receivable |  |  | 695 |
Prepaid expenses and other current assets |  |  | 19 |
Intangible assets: |  |  |  |
Developed technology (5 year useful life) |  |  | 3,265 |
Customer relationships (5 year useful life) |  |  | 535 |
Total identified intangibles |  |  | 3,800 |
Goodwill |  |  | 6,324 |
Total assets acquired |  | $ | 11,221 |
Accounts payable |  |  | (80 | )
Accrued expenses and other current liabilities |  |  | (187 | )
Deferred revenue |  |  | (234 | )
Deferred tax liability |  |  | (1,391 | )
Total liabilities assumed |  | $ | (1,892 | )
Net assets acquired |  | $ | 9,329 |
The consideration paid was as follows (in thousands):
Cash |  | $ | 9,329 |
Total consideration |  | $ | 9,329 |
PowerReviews |
Purchase Price | 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 intangibles |  |  | 41,200 |
Goodwill |  |  | 113,152 |
Total assets acquired |  |  | 156,373 |
Accounts payable |  |  | (304 | )
Accrued expenses and other current 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 |
Longboard Media, Inc |
Purchase Price | The Company allocated the purchase price for Longboard Media as follows (in thousands):
Cash and cash equivalents |  | $ | 588 |
Accounts receivable |  |  | 2,899 |
Prepaid expenses and other current assets |  |  | 53 |
Deferred tax asset – current |  |  | 437 |
Intangible assets: |  |  |  |
Customer relationships (10 year useful life) |  |  | 11,300 |
Total identified intangibles |  |  | 11,300 |
Goodwill |  |  | 28,681 |
Deferred tax asset – long term |  |  | 1,042 |
Total assets acquired |  |  | 45,000 |
Accounts payable |  |  | (3,006 | )
Accrued expenses and other current liabilities |  |  | (1,112 | )
Deferred tax liability |  |  | (3,955 | )
Total liabilities assumed |  |  | (8,073 | )
Net assets acquired |  | $ | 36,927 |
Using a price of $12.60 per share of common stock issued, which was the closing price of the Company’s common stock on the NASDAQ Global Market on the day prior to the date of acquisition, the consideration paid was as follows (in thousands):
Cash |  | $ | 26,855 |
Common stock |  |  | 5,802 |
Fair value of contingent consideration |  |  | 4,270 |
Total consideration |  | $ | 36,927 |

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