Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

v2.4.0.8
Business Combinations (Tables) (HML)
6 Months Ended
Mar. 31, 2014
HML
 
Business combinations  
Schedule of 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):

 

 

 

Purchase Price Allocation

 

 

 

Updated through
September 30, 2013

 

Adjustments

 

Updated through
March 31, 2014

 

Cash consideration, net of cash acquired

 

$

71,435

 

$

 

$

71,435

 

Stock consideration

 

6,425

 

 

6,425

 

Purchase consideration, net of cash acquired

 

$

77,860

 

$

 

$

77,860

 

 

 

 

 

 

 

 

 

Accounts receivable and unbilled receivables

 

$

7,671

 

$

 

$

7,671

 

Other current assets

 

1,382

 

 

1,382

 

Property and equipment

 

2,752

 

 

2,752

 

Intangible assets

 

20,542

 

 

20,542

 

Total identifiable assets acquired

 

32,347

 

 

32,347

 

Accounts payable and other liabilities

 

6,228

 

 

6,228

 

Deferred revenue

 

1,149

 

 

1,149

 

Current income tax liability

 

612

 

144

 

756

 

Deferred tax liability

 

4,814

 

(113

)

4,701

 

Total liabilities assumed

 

12,803

 

31

 

12,834

 

Net identifiable assets acquired

 

19,544

 

(31

)

19,513

 

Goodwill

 

58,316

 

31

 

58,347

 

Net assets acquired

 

$

77,860

 

$

 

$

77,860

 

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