XML 44 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2012
Allstar Business Solutions Limited [Member]
 
Summary of Purchase Price Allocation

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

 

Trade and other receivables

   $ 253,628   

Prepaid expenses and other

     139   

Property and equipment

     601   

Goodwill

     110,736   

Other intangible assets

     168,200   

Notes and other liabilities assumed

     (182,460

Deferred tax liabilities

     (39,614
  

 

 

 

Purchase price

   $ 311,830   
  

 

 

 
Purchase Price Allocation of Intangible Assets

Intangible assets allocated in connection with the purchase price allocation consisted of the following (in thousands):

 

     Weighted
Average
Useful Lives
(in Years)
     2011
Acquisitions
 

Customer relationships

     10 – 20       $ 141,600   

Trade names and trademarks—indefinite

     N/A         18,400   

Merchant network

     20         8,200   
     

 

 

 
      $ 168,200   
     

 

 

 
Schedule of Pro Forma Financial Information

The pro forma financial information presented below also includes depreciation and amortization based on the valuation of Allstar’s tangible and intangible assets resulting from the acquisition. The pro forma financial information does not include any synergies or operating cost reductions that may be achieved from the combined operations.

 

     Pro forma statements of
income for the year ended
December 31 (unaudited)
(in thousands except per
share data)
 
     2011      2010  

Income statement data:

     

Revenues, net

   $ 595,864       $ 505,287   

Income before income taxes

     223,251         162,153   

Net income

     156,430         115,496   

Earnings per share:

     

Basic

   $ 1.94       $ 3.22   

Diluted

     1.87         1.43   

Weighted average shares outstanding:

     

Basic

     80,610         35,434   

Diluted

     83,654         80,751   
ALL 2010 Acquisitions [Member]
 
Summary of Purchase Price Allocation

The following table summarizes the allocation of the purchase price for the acquisitions during 2010 (in thousands):

 

Trade and other receivables

   $ 914   

Prepaid expenses and other

     5,378   

Property and equipment

     70   

Goodwill

     11,330   

Other intangible assets

     13,502   

Notes and other liabilities assumed

     (20,361
  

 

 

 

Purchase price

   $ 10,833   
  

 

 

 
Purchase Price Allocation of Intangible Assets

Intangible assets allocated in connection with the purchase price allocations consisted of the following (in thousands):

 

     Weighted
Average
Useful Lives
(in Years)
     2010
Acquisitions
 

Customer relationships

     9-20       $ 11,461   

Merchant network

     5-15         2,041   
     

 

 

 
      $ 13,502   
     

 

 

 
All 2012 Acquisitions [Member]
 
Summary of Purchase Price Allocation

The following table summarizes the preliminary allocation of the purchase price for all acquisitions during 2012, net of cash acquired (in thousands): 

Trade and other receivables

   $ 13,196   

Prepaid expenses and other

     6,185   

Property and equipment

     6,701   

Goodwill

     165,398   

Other intangible assets

     109,758   

Notes and other liabilities assumed

     (42,912

Deferred tax liabilities

     (50,936
  

 

 

 

Aggregate purchase prices

   $ 207,390   
  

 

 

 
Purchase Price Allocation of Intangible Assets

Intangible assets allocated in connection with the preliminary purchase price allocations consisted of the following (in thousands):

 

     Weighted
Average
Useful Lives
(in Years)
     Value  

Customer relationships

     10 – 20       $ 77,654   

Trade names and trademarks—indefinite

     N/A         16,900   

Merchant network

     10         4,604   

Software

     3 – 10         9,800   

Non-compete

     2 – 6         800   
     

 

 

 
      $ 109,758