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Acquisitions (Tables) - Clarient, Inc. [Member]
3 Months Ended
Mar. 31, 2016
Summary of Acquisition Date Fair Value of Common Stock Transferred

The acquisition date fair value of common stock transferred is calculated below ($ in thousands, except share and per share amounts):

 

Common Stock Valuation

 

Amount

 

Shares of common stock issued as consideration

 

 

15,000,000

 

Stock price per share on closing date

 

$

8.04

 

Value of common stock issued as consideration

 

$

120,600

 

Issue discount due to lack of marketability

 

$

(18,090

)

Fair value of common stock at December 30, 2015

 

$

102,510

 

 

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The preliminary acquisition fair values below are presented as of December 30, 2015 (in thousands):

 

 

December 30, 2015

(As Initially Reported)

 

 

Measurement

Period

Adjustments

 

 

December 30, 2015

(As Adjusted)

 

Current assets, including cash and cash equivalents of $890

 

$

31,978

 

 

$

-

 

 

$

31,978

 

Property and equipment

 

 

19,241

 

 

 

-

 

 

 

19,241

 

Identifiable intangible assets – customer relationships

 

 

84,000

 

 

 

-

 

 

 

84,000

 

Goodwill

 

 

143,493

 

 

 

(242

)

 

 

143,251

 

Total assets acquired

 

 

278,712

 

 

 

(242

)

 

 

278,470

 

Current liabilities

 

 

(12,631

)

 

 

242

 

 

 

(12,389

)

Deferred tax liability

 

 

(17,904

)

 

 

-

 

 

 

(17,904

)

Long-term liabilities

 

 

(103

)

 

 

-

 

 

 

(103

)

Net assets acquired

 

$

248,074

 

 

$

-

 

 

$

248,074

 

 

Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information (in thousands), have been provided for illustrative purposes and are not necessarily indicative of results that would have occurred had the Acquisition been in effect since January 1, 2014, nor are they necessarily indicative of future results.

 

 

March 31

2015

 

Revenue

 

$

54,316

 

Net (loss) attributable to common stockholders

 

 

(45,526

)

(Loss) per share

 

$

(0.60

)

      Basic

 

 

75,277

 

Diluted

 

 

75,277