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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2013
TelWorx Communications LLC [Member]
 
Allocation of Purchase Price for Assets from Date of Acquisition

The following is the allocation of the purchase price for the assets acquired from TelWorx at the date of the acquisition.

 

     Estimated Fair      Provisional        
     Value July 9, 2012      Adjustments        
     as reported at      Subsequent to     Estimated Fair  
     September 30, 2012      September 30, 2012     Value July 9, 2012  

Tangible assets:

       

Accounts receivable

   $ 1,575       ($ 205   $ 1,370   

Inventory

     1,843         (465     1,378   

Prepaid expenses

     9         0        9   

Fixed assets

     248         0        248   
  

 

 

    

 

 

   

 

 

 

Total tangible assets

     3,675         (670     3,005   
  

 

 

    

 

 

   

 

 

 

Intangible assets:

       

Goodwill

     9,491         3,059        12,550   

Trade names

     1,527         (268     1,259   

Technology

     458         12        470   

Customer relationships

     2,898         (2,781     117   

Backlog

     91         (58     33   

Non-compete

     262         (248     14   
  

 

 

    

 

 

   

 

 

 

Total intangible assets

     14,727         (284     14,443   
  

 

 

    

 

 

   

 

 

 

Total assets

     18,402         (954     17,448   
  

 

 

    

 

 

   

 

 

 

Capital leases

     57         (20     37   

Accounts payable

     1,113         100        1,213   

Accrued liabilities

     85         33        118   
  

 

 

    

 

 

   

 

 

 

Total liabilities

     1,255         113        1,368   
  

 

 

    

 

 

   

 

 

 

Net assets acquired

   $ 17,147       ($ 1,067   $ 16,080   
  

 

 

    

 

 

   

 

 

 

Pro Forma Financial Information for TelWorx

The following unaudited pro forma financial information gives effect to the acquisition of the TelWorx business as if the acquisition had taken place on January 1, 2011. The pro forma financial information for TelWorx was derived from the unaudited historical accounting records of TelWorx.

 

     2012     2011  

REVENUES

   $ 96,171      $ 95,467   

LOSS BEFORE INCOME TAXES

   ($ 14,919   $ 809   

Envision Wireless LLC [Member]
 
Allocation of Purchase Price for Assets from Date of Acquisition

The following is the allocation of the purchase price for the assets from Envision at the date of the acquisition:

 

Tangible assets:

  

Accounts receivable

   $ 300   

Fixed assets

     129   
  

 

 

 

Total tangible assets

     429   
  

 

 

 

Intangible assets:

  

Customer relationships

     500   

Trade names

     126   

Backlog

     20   

Non-compete

     217   

Goodwill

     161   
  

 

 

 

Total intangible assets

     1,024   
  

 

 

 

Total assets

     1,453   
  

 

 

 

Accrued liabilities

     3   
  

 

 

 

Net assets acquired

   $ 1,450