Quarterly report pursuant to sections 13 or 15(d)

Acquisitions (Tables)

v2.4.0.8
Acquisitions (Tables) (Ten-Sixty)
 3 Months Ended
Mar. 31, 2014
Ten-Sixty
  
Summary of Purchase Consideration

Cash paid on date of acquisition

  

$

2,500

  

Note payable due to Ten-Sixty

  

 

1,592

  

Total purchase consideration

  

$

4,092

  

 
Summary of Final Amounts Allocated to Acquired Assets and Assumed Liabilities

The following table summarizes the allocation of the excess of the purchase price over the fair value of assets acquired and liabilities assumed which was allocated to goodwill and intangible assets.

 

Goodwill

  

$

2,345

  

Customer relationships (10 years)

  

 

1,650

  

Non-compete agreements (5 years)

  

 

97

  

Total purchase consideration

  

$

4,092

  

 
Summary of Pro Forma Information

The pro forma information below represents consolidated results of operations as if the acquisition of Ten-Sixty occurred on January 1, 2013. The pro forma information has been included for comparative purposes and is not indicative of results of operations of the Company had the acquisitions occurred as of January 1, 2013, nor is it necessarily indicative of future results.

 

 

  

Pro Forma Three Months Ended
March 31, 2013

  

Total Revenue

  

$

13,913

  

Net Income

  

$

5,516