|
Acquisitions (Tables)
|
12 Months Ended |
|
Sep. 30, 2012
|
|
Policy Studies, Inc
|
|
| Acquisition Disclosures |
|
| Assets and liabilities recorded in the Company's financial statements at their fair values as of the date of the acquisition |
|
|
|
|
Preliminary Purchase Price Allocation
|
|
|
|
|
As of
June 30, 2012
|
|
Adjustments
|
|
As of
September 30, 2012
|
|
|
Accounts receivable and unbilled receivables
|
|
$
|
22,875
|
|
$
|
142
|
|
$
|
23,017
|
|
|
Other current assets
|
|
9,527
|
|
—
|
|
9,527
|
|
|
Deferred income taxes
|
|
2,629
|
|
(698
|
)
|
1,931
|
|
|
Property and equipment
|
|
6,411
|
|
—
|
|
6,411
|
|
|
Other assets
|
|
1,332
|
|
—
|
|
1,332
|
|
|
Intangible assets
|
|
22,883
|
|
(700
|
)
|
22,183
|
|
|
Total identifiable assets acquired
|
|
65,657
|
|
(1,256
|
)
|
64,401
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable and other liabilities
|
|
20,845
|
|
(179
|
)
|
20,666
|
|
|
Deferred revenue
|
|
5,752
|
|
13,944
|
|
19,696
|
|
|
Deferred taxation
|
|
7,537
|
|
(7,537
|
)
|
—
|
|
|
Total liabilities assumed
|
|
34,134
|
|
6,228
|
|
40,362
|
|
|
|
|
|
|
|
|
|
|
|
Net identifiable assets acquired
|
|
31,523
|
|
(7,484
|
)
|
24,039
|
|
|
Goodwill
|
|
32,705
|
|
6,456
|
|
39,161
|
|
|
|
|
|
|
|
|
|
|
|
Net assets acquired
|
|
$
|
64,228
|
|
$
|
(1,028
|
)
|
$
|
63,200
|
|
|
|
| Valuation of the Intangible Assets Acquired |
|
|
|
|
Useful life
|
|
Fair value
|
|
|
Customer relationships
|
|
7-8 years
|
|
$
|
16,600
|
|
|
Tradename
|
|
5 years
|
|
3,800
|
|
|
Technology-based intangible assets
|
|
1-5 years
|
|
1,783
|
|
|
Total intangible assets
|
|
|
|
$
|
22,183
|
|
|
|
| Schedule of Pro forma information relating to the acquisition |
|
|
|
|
Unaudited pro forma results
for the year ended
September 30,
|
|
|
|
|
2012
|
|
2011
|
|
|
Revenue
|
|
$
|
1,132,177
|
|
$
|
1,065,345
|
|
|
Income from continuing operations
|
|
75,252
|
|
82,993
|
|
|
|
|
|
|
|
|
|
|
|
|
DeltaWare
|
|
| Acquisition Disclosures |
|
| Assets and liabilities recorded in the Company's financial statements at their fair values as of the date of the acquisition |
|
|
|
|
Purchase
price
allocation
|
|
|
Cash, net of cash acquired
|
|
$
|
10,385
|
|
|
Contingent consideration obligations
|
|
3,015
|
|
|
Total fair value of consideration
|
|
$
|
13,400
|
|
|
|
|
|
|
|
Accounts receivable
|
|
$
|
2,010
|
|
|
Other tangible assets
|
|
1,571
|
|
|
Intangible assets
|
|
6,060
|
|
|
Total identifiable assets acquired
|
|
9,641
|
|
|
|
|
|
|
|
Accounts payable and other liabilities
|
|
2,125
|
|
|
Loans payable
|
|
870
|
|
|
Deferred revenue
|
|
723
|
|
|
Total liabilities assumed
|
|
3,718
|
|
|
|
|
|
|
|
Net identifiable assets acquired
|
|
5,923
|
|
|
|
|
|
|
|
Goodwill
|
|
7,477
|
|
|
Net assets acquired
|
|
$
|
13,400
|
|
|
|
| Schedule of the effect on the financial statements of acquisition-related contingent consideration |
|
|
|
|
Contingent
consideration
|
|
|
Balance at September 30, 2011
|
|
$
|
2,228
|
|
|
Additional estimated consideration
|
|
101
|
|
|
Payment of consideration
|
|
(2,059
|
)
|
|
Foreign currency translation
|
|
136
|
|
|
Balance at September 30, 2012
|
|
$
|
406
|
|
|
|
| Valuation of the Intangible Assets Acquired |
|
|
|
|
Useful life
|
|
Fair value
|
|
|
Technology-based intangibles
|
|
8.5 years
|
|
$
|
3,733
|
|
|
Customer contracts and relationships
|
|
8-10 years
|
|
1,474
|
|
|
Non-compete arrangements
|
|
4 years
|
|
239
|
|
|
Trade name
|
|
10 years
|
|
614
|
|
|
Total intangible assets
|
|
|
|
$
|
6,060
|
|
|
|