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ACQUISITIONS (Tables)
9 Months Ended
Dec. 31, 2012
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 ONPATH, Accanto, Simena and Replay for the three and nine months ended December 31, 2012 and 2011, giving effect to the mergers as if they occurred on April 1, 2011 (in thousands, except per share data):

 

     Three Months Ended
December 31,
     Nine Months Ended
December 31,
 
     2012      2011      2012      2011  

Pro forma revenue

   $ 94,221       $ 91,566       $ 263,009       $ 244,003   

Pro forma net income

   $ 11,038       $ 1,813       $ 20,036       $ 2,409   

Pro forma income per share:

           

Basic

   $ 0.26       $ 0.04       $ 0.48       $ 0.06   

Diluted

   $ 0.26       $ 0.04       $ 0.47       $ 0.06   

Pro forma shares outstanding

           

Basic

     41,709         41,523         41,715         42,126   

Diluted

     42,298         42,303         42,364         42,815   
Onpath
 
Allocation Of Purchase Price

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

 

Allocation of the purchase consideration:

  

Current assets, including cash and cash equivalents of $527

   $ 8,389   

Fixed assets

     778   

Identifiable intangible assets

     10,970   

Goodwill

     20,869   

Deferred tax asset

     6,330   

Other assets

     1,432   
  

 

 

 

Total assets acquired

     48,768   

Current liabilities

     (6,387

Deferred revenue

     (921

Deferred income tax liabilities

     (4,660
  

 

 

 
   $ 36,800   
  

 

 

 
Fair Value Of 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)
 

Developed technology

   $ 4,970         8   

Customer relationships

     6,000         7   
  

 

 

    
   $ 10,970      
  

 

 

    
Accanto Systems Srl
 
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

     11,157   
  

 

 

 

Total assets acquired

     17,063   

Current liabilities

     (839

Deferred revenue

     (240

Deferred income tax liabilities

     (984
  

 

 

 
   $ 15,000   
  

 

 

 
Fair Value Of 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)
 

Developed technology

   $ 3,500         8   

Distributor relationships

     1,780         6   
  

 

 

    
   $ 5,280