ACQUISITION (Tables)

3 Months Ended

Mar. 31, 2013

ACQUISITION

Schedule of summarized estimated fair values of acquired assets and liabilities at the acquisition date

	Preliminary
	Allocation
	(in thousands)
Accounts receivable	$	31,824
Prepaid expenses	5,205
Deferred income taxes	1,796
Property and equipment (excluding acquired software)	5,678
Software	31,600
Intangible assets	79,000
Other assets	3,866
Total identifiable assets acquired	158,969
Accounts payable	13,344
Accrued expenses and other current liabilities	7,436
Other liabilities	228
Deferred income taxes	29,294
Total liabilities	50,302
Net identifiable assets acquired	108,667
Goodwill	71,372
Cash paid, net of cash acquired	$	180,039

Schedule of unaudited pro forma consolidated results of operations

The following unaudited pro forma supplemental information presents the Company’s consolidated results of operations for the three months ended March 31, 2012 (presented in thousands, except per share data) as if the Panther acquisition had occurred on January 1, 2011:

Revenue	$	492,597
Loss before income taxes	$	(22,600	)
Net loss	$	(13,562	)
Diluted EPS	$	(0.53	)