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Business Combinations (Tables)
9 Months Ended
Sep. 30, 2014
Business Combinations [Abstract]  
Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed

The estimated fair values of the assets acquired and liabilities assumed for the acquisitions approximated the following:

 

     2014     2013  

Cash

   $ 53      $ —     

Accounts receivable

     1,496        213   

Inventory

     262        14   

Other current assets

     123        —     

Property and equipment

     554        263   

Intangibles

     1,561        1,106   

Goodwill

     1,958        —     

Accounts payable and accrued expenses

     (1,727     (609

Deferred tax liability

     (460     —     
  

 

 

   

 

 

 

Total purchase price

   $ 3,820      $ 987   
  

 

 

   

 

 

 

Seller obligations

   $ 454      $ 300   

Cash paid

     3,366        687   
  

 

 

   

 

 

 

Total purchase price

   $ 3,820      $ 987   
  

 

 

   

 

 

 
Estimates of Acquired Intangible Assets

Estimates of acquired intangible assets related to the acquisitions are as follows:

 

     2014      2013  

Acquired intangibles assets

   Estimated
Fair Value
     Weighted
Average
Estimated
Useful
Life (yrs)
     Estimated
Fair Value
     Weighted
Average
Estimated
Useful
Life (yrs)
 

Customer relationships

   $ 1,007         10       $ 826         10   

Trademarks and trade names

     399         15         280         15   

Non-competition agreements

     155         5         0         0   
Pro Forma Results of Operations

The unaudited pro forma information is not necessarily indicative of the results that we would have achieved had the transactions actually taken place on January 1, 2013 and 2012, and the unaudited pro forma information does not purport to be indicative of future financial operating results.

 

     Pro forma for the three      Pro forma for the nine  
     months ended September 30,      months ended September 30,  
     2014      2013      2014     2013  

Net revenue

   $ 140,856       $ 118,821       $ 376,725      $ 321,382   

Net income

     5,898         2,851         8,685        3,541   

Net income (loss) attributable to common stockholders

     5,898         1,273         (11,212     (1,056

Net income (loss) per share attributable to common stockholders (basic and diluted)

     0.19         0.06         (0.38     (0.05