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ACQUISITION (Tables)
6 Months Ended
Jun. 30, 2013
ACQUISITION  
Schedule of summarized fair values of acquired assets and liabilities at the acquisition date

 

Purchase

 

 

 

Allocation

 

 

 

(in thousands)

 

 

 

 

 

Accounts receivable

 

$

31,824

 

Prepaid expenses

 

5,205

 

Deferred income taxes

 

2,085

 

Property and equipment (excluding acquired software)

 

5,678

 

Software

 

31,600

 

Intangible assets

 

79,000

 

Other assets

 

3,866

 

Total identifiable assets acquired

 

159,258

 

 

 

 

 

Accounts payable

 

13,344

 

Accrued expenses and other current liabilities

 

7,436

 

Other liabilities

 

228

 

Deferred income taxes

 

29,307

 

Total liabilities

 

50,315

 

 

 

 

 

Net identifiable assets acquired

 

108,943

 

Goodwill

 

71,096

 

Cash paid, net of cash acquired

 

$

180,039

 

Schedule of unaudited pro forma consolidated results of operations

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30

 

June 30

 

 

 

2012

 

2012

 

 

 

(in thousands, except per share data)

 

 

 

 

 

 

 

Revenue

 

$

563,889

 

$

1,056,486

 

Income (loss) before income taxes

 

$

9,410

 

$

(13,190

)

Net income (loss) attributable to Arkansas Best Corporation

 

$

5,793

 

$

(7,769

)

Diluted EPS

 

$

0.22

 

$

(0.31

)