Acquisitions

3 Months Ended

Sep. 30, 2012

Acquisitions [Abstract]

Acquisitions

3. Acquisitions

On July 2, 2012, the Company completed the acquisition of Delta Solutions and Technologies, Inc. (Delta). Delta is a provider of financial management and business services to the federal government. The total purchase consideration for Delta, including payments made at closing and payments to be made based on the closing date net worth of the assets acquired, is $46.3 million. The Company has completed its valuation of the business acquired and has recognized fair values of the assets acquired and liabilities assumed. The Company has allocated $30.3 million to goodwill and $8.0 million to other intangible assets, primarily customer contracts. The value attributable to customer contracts is being amortized on an accelerated basis over 15 years. The acquired business generated $12.6 million of revenue from July 2, 2012 through September 30, 2012.