Acquisition (Tables)

9 Months Ended

Sep. 30, 2012

Acquisition [Abstract]

Assets acquired and liabilities assumed are recorded at their fair values as of the acquisition date

Preliminary valuations are as follows (in thousands):

	Fair Value
Tangible assets acquired	$	21,666
Liabilities assumed		15,898
Identifiable net assets acquired	$	5,768
Fair value adjustments to intangible assets
Customer relationships	$	101,400
Proprietary technology		29,800
Trade name		19,499
Fair value of intangible assets acquired	$	150,699
Purchase price:
Cash paid	$	287,500
Less identifiable net assets acquired		(5,768	)
Plus deferred tax liability related to intangible assets		55,132
Less fair value of intangible assets acquired		(150,699	)
Excess of purchase price over net assets acquired, allocated to goodwill	$	186,165

The pro forma condensed combined statement of comprehensive income

The following amounts are in thousands:

	Three months ended September 30,					Nine months ended September 30,
	2012			2011		2012		2011
Revenues	$	92,870		$	58,261	$	330,339	$	238,776
Income (loss) from continuing operations	$	(2,398	)	$	4,936	$	22,999	$	13,666

Goodwill arising from the acquisition

The following summarizes the Company’s goodwill activity in the first nine months of 2012 by segment (in thousands):

	Search		Tax Preparation		Total
Goodwill – January 1, 2012	$	44,815	$	—	$	44,815
New acquisitions		—		186,165		186,165
Goodwill – September 30, 2012	$	44,815	$	186,165	$	230,980

Indefinite-lived intangible assets

The following summarizes the change in other indefinite-lived intangible assets in the first nine months of 2012 by segment (in thousands):

	Search		Tax Preparation		Total
Other indefinite-lived intangible assets – January 1, 2012	$	283	$	—	$	283
New acquisitions		—		19,499		19,499
Other indefinite-lived intangible assets – September 30, 2012	$	283	$	19,499	$	19,782