Annual report pursuant to Section 13 and 15(d)

Business combinations (Tables)

v2.4.0.8
Business combinations (Tables)
12 Months Ended
Sep. 30, 2013
Business combinations  
Summary of valuation of the intangible assets acquired

 The valuation of the intangible assets acquired is summarized below (in thousands).

 
  Useful life   Fair value  

Customer relationships

  20 years   $ 19,933  

Technology-based intangible assets

  2 years     609  
           

Total intangible assets

      $ 20,542  
           
Schedule of unaudited pro forma information

The pro forma results presented include amortization charges for acquired intangible assets, adjustments to interest income foregone, the effect of calculating the fair value of acquired deferred revenue and related tax effects, as well as excluding the related acquisition expenses for fiscal year 2013 (in thousands).

 
  Unaudited pro forma results
for the year ended
September 30,
 
 
  2013   2012  

Revenue

  $ 1,368,399   $ 1,093,389  

Income from continuing operations

    120,182     77,469  
Summary of effect on the financial statements

 The effect on the financial statements is summarized below (in thousands):

 
  Contingent
consideration
 

Balance at September 30, 2012

  $ 406  

Foreign currency translation

    (18 )
       

Balance at September 30, 2013

  $ 388  
       
HML
 
Business combinations  
Assets and liabilities recorded in the Company's financial statements at their fair values at the acquisition date

 The assets and liabilities of HML were recorded in the Company's financial statements at their fair values at the acquisition date as follows (in thousands):

 
  Preliminary Purchase
Price Accounting
 

Cash consideration, net of cash acquired

  $ 71,435  

Stock consideration

    6,425  
       

Purchase consideration, net of cash acquired

  $ 77,860  
       

Accounts receivable and unbilled receivables

  $ 7,671  

Other current assets

    1,382  

Property and equipment

    2,752  

Intangible assets

    20,542  
       

Total identifiable assets acquired

    32,347  
       

Accounts payable and other liabilities

    6,228  

Deferred revenue

    1,149  

Current income tax liability

    612  

Deferred tax liability

    4,814  
       

Total liabilities assumed

    12,803  
       

Net identifiable assets acquired

    19,544  

Goodwill

    58,316  
       

Net assets acquired

  $ 77,860  
       
PSI
 
Business combinations  
Assets and liabilities recorded in the Company's financial statements at their fair values at the acquisition date

An initial valuation was performed at September 30, 2012 and this valuation has been updated through September 30, 2013 (below, in thousands):

 
  Purchase Price Allocation  
 
  Updated through September 30, 2012   Adjustments   Updated through September 30, 2013  

Accounts receivable and unbilled receivables

  $ 23,017   $   $ 23,017  

Other current assets

    9,527         9,527  

Deferred income taxes

    1,931     198     2,129  

Property and equipment

    6,411         6,411  

Other assets

    1,332         1,332  

Intangible assets

    22,183         22,183  
               

Total identifiable assets acquired

    64,401     198     64,599  
               

Accounts payable and other liabilities

    20,666         20,666  

Deferred revenue

    19,696     79     19,775  
               

Total liabilities assumed

    40,362     79     40,441  
               

Net identifiable assets acquired

    24,039     119     24,158  

Goodwill

    39,161     129     39,290  
               

Net assets acquired

  $ 63,200   $ 248   $ 63,448