ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2014

Final Purchase Price Allocation for Acquisition

A summary of the final 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		4,184
Other assets		3,951
Property and equipment		655
Deferred tax assets, net		2,638
Identifiable intangible assets		10,355
Goodwill		23,018
Accounts payable		(1,396	)
Accrued liabilities		(12,861	)
Deferred revenue		(4,186	)
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 following pro forma financial information presents the combined results of operations of the Company and Antenna as if the acquisition had occurred on January 1, 2012 after giving effect to certain pro forma adjustments.  

	Pro Forma Year Ended December 31,
(in thousands, except per share amounts)	2013		2012
Revenue	$	532,978	$	499,839
Net income	$	35,814	$	9,028
Net income per basic share (1)	$	0.47	$	0.12
Net income per diluted share (1)	$	0.46	$	0.12

(1) The per share amounts have been retroactively restated for all prior periods presented to reflect the Company’s two-for-one common stock split effected in the form of a common stock dividend distributed on April 1, 2014. See Note 1 “Basis of Presentation” (d) for further discussion of the Stock Split.