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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2012
Acquisitions  
Schedule of present value of cash consideration

 

 

Central Net Debt Working Capital at September 30, 2012 as defined in the Merger Agreement

  $ (300,546 )

Threshold

    285,000  
       

Excess over the threshold

    (15,546 )

Cash consideration payable in three years

    27,000  
       

Settled cash consideration

  $ 11,454  
       

Present value of cash consideration at the acquisition date

  $ 8,943  
Schedule of fair value of the final consideration transferred for acquisition

 

 

Stock consideration

  $ 140,726  

Present value of cash consideration to be issued

    8,943  
       

Total consideration transferred

  $ 149,669  
       
Summary of preliminary values of assets acquired and liabilities assumed

 

 

 
  Amounts recorded
as of the
acquisition date
 

Net current liabilities

  $ (52,475 )

Leasehold improvements, equipment, land and construction in progress, net

    24,154  

Identified intangible assets:

       

Management contracts

    81,000  

Favorable lease contracts

    51,650  

Trade name / Trademarks

    14,900  

Existing Technology

    34,000  

Non-competition Agreements

    2,600  

Other noncurrent assets

    17,748  

Long-term debt

    (237,223 )

Unfavorable lease contracts

    (69,316 )

Other noncurrent liabilities

    (19,523 )

Net deferred tax liability

    (82 )
       

Net assets acquired

    (152,567 )

Goodwill

    302,236  
       

Total consideration transferred

  $ 149,669  
       
Schedule of expected future accretion of unfavorable lease contracts

 

 

 
  Unfavorable lease contract
accretion
 

2013

  $ 15,002  

2014

    10,668  

2015

    7,084  

2016

    5,885  

2017

    5,038  

2018 and Thereafter

    15,660  
       

Total

  $ 59,337  
       
Schedule of acquiree information included in the Company's Consolidated Statements of Income

 

 

 
  Central's operations
included in the
Company's results for
the year ended
December 31, 2012
 

Total revenue

  $ 190,008  

Operating loss(1)

 
$

(9,263

)
       

(1)
Includes amortization and depreciation related to identifiable intangible and tangible assets of $ 5,944 and acquisition and integration costs of $10,007.
Schedule of unaudited pro forma consolidated results of operations

 

 

 
  2012   2011  

Revenue, excluding reimbursed management contract revenue

  $ 859,366   $ 866,513  

Net loss from continuing operations attributable to Standard stockholders

  $ (28,484 ) $ (7,534 )
           

Earnings per share from continuing operations attributable to Standard stockholders

             

Basic

  $ (1.31 )   (0.34 )

Diluted

 
$

(1.31

)

$

(0.34

)