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ACQUISITIONS (Tables)
6 Months Ended
Sep. 30, 2012
Allocation of Purchase Price

The following table summarizes the allocation of the purchase price (in thousands):

 

Allocation of the purchase consideration:

  

Current assets

   $ 389   

Fixed assets

     237   

Identifiable intangible assets

     5,280   

Goodwill

     10,732   
  

 

 

 

Total assets acquired

     16,638   

Current liabilities

     (839

Deferred revenue

     (240

Deferred income tax liabilities

     (559
  

 

 

 
   $ 15,000   
  

 

 

 
Fair Value of the Acquired Identifiable Intangible Assets and Related Estimates of Useful Lives

The following table reflects the fair value of the acquired identifiable intangible assets and related estimates of useful lives (in thousands):

 

     Fair Value      Useful Life
(Years)
 

Acquired software

   $ 3,500         8   

Distributor relationships

     1,780         6   
  

 

 

    
   $ 5,280      
  

 

 

    
Pro Forma Results Of Consolidated Statement Of Operations

The following table presents unaudited pro forma results of the historical Consolidated Statements of Operations of the Company and Accanto, Replay and Simena for the three and six months ended September 30, 2012 and 2011, giving effect to the mergers as if they occurred on April 1, 2012 and 2011 (in thousands, except per share data):

 

     Three Months Ended
September 30,
     Six Months Ended
September 30,
 
     2012      2011      2012      2011  

Pro forma revenue

   $ 84,860       $ 77,158       $ 162,151       $ 143,877   

Pro forma net income

   $ 8,845       $ 4,238       $ 10,702       $ 1,879   

Pro forma income per share:

           

Basic

   $ 0.21       $ 0.10       $ 0.26       $ 0.04   

Diluted

   $ 0.21       $ 0.10       $ 0.25       $ 0.04   

Pro forma shares outstanding

           

Basic

     41,695         42,258         41,718         42,433   

Diluted

     42,344         42,720         42,400         43,061