ACQUISITION (Tables)

3 Months Ended

Mar. 31, 2014

Preliminary Purchase Price Allocation for Acquisition

A summary of the preliminary purchase price allocation for the acquisition of Antenna is as follows:

(in thousands)
Total purchase consideration:
Cash	$	27,141
Allocation of the purchase consideration:
Cash	$	783
Accounts receivable, net of allowance		4,170
Other assets		3,978
Property and equipment		655
Deferred tax assets, net		5,589
Identifiable intangible assets		10,355
Goodwill		16,418
Accounts payable		(1,403)
Accrued liabilities		(9,026)
Deferred revenue		(4,378)
Net assets acquired	$	27,141

Schedule of Acquired Identifiable Intangible Assets Acquired

The estimated fair values for specifically identifiable intangible assets acquired, by major asset class, are as follows:

(in thousands)			Weighted-average amortization period (in years)
Customer related intangible assets	$	4,279	4
Technology		3,656	3
Non-compete		1,342	1
Trade name		1,078	3
	$	10,355	3.2

Proforma Financial Information

The pro forma financial information does not reflect any adjustments for anticipated synergies resulting from the acquisition and is not necessarily indicative of the operating results that would have actually occurred had the transaction been consummated on January 1, 2012.

	Pro Forma Three Months Ended March 31,
(in thousands, except per share amounts)	2013
Revenue	$	123,682
Net income	$	6,751
Net income per basic and diluted share	$	0.09