| Assets and liabilities recorded in the Company's financial statements at their fair values as of the date of the acquisition |
The estimated acquisition date fair value of consideration transferred, assets acquired and liabilities are presented below and represent management’s best estimates (in thousands).
|
Cash consideration, net of cash acquired
|
|
$
|
71,435
|
|
|
Stock consideration
|
|
7,559
|
|
|
Purchase consideration, net of cash acquired
|
|
$
|
78,994
|
|
|
|
|
|
|
|
Accounts receivable and unbilled receivables
|
|
$
|
12,002
|
|
|
Other current assets
|
|
807
|
|
|
Property and equipment
|
|
2,740
|
|
|
Total identifiable assets acquired
|
|
15,549
|
|
|
|
|
|
|
|
Accounts payable and other liabilities
|
|
10,495
|
|
|
Deferred revenue
|
|
1,295
|
|
|
|
|
|
|
|
Total liabilities assumed
|
|
11,790
|
|
|
|
|
|
|
|
Net identifiable assets acquired
|
|
3,759
|
|
|
|
|
|
|
|
Goodwill and intangible assets
|
|
75,235
|
|
|
Net assets acquired
|
|
$
|
78,994
|
|
| Assets and liabilities recorded in the Company's financial statements at their fair values as of the date of the acquisition |
An initial valuation was performed at September 30, 2012 and this valuation has been updated through June 30, 2013 (below, in thousands):
|
|
|
Purchase Price Allocation
|
|
|
|
|
Updated through
September 30, 2012
|
|
Adjustments
|
|
Updated through
June 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
|
|
|