Quarterly report pursuant to Section 13 or 15(d)

Security Networks Acquisition (Tables)

v2.4.0.8
Security Networks Acquisition (Tables)
3 Months Ended
Mar. 31, 2014
Security Networks Acquisition  
Schedule of purchase price allocation

Under the acquisition method of accounting, the Security Networks Purchase Price has been allocated to Security Networks’ tangible and identifiable intangible assets acquired and liabilities assumed based on their preliminary estimates of fair value as follows (amounts in thousands):

 

Cash

 

$

3,096

 

Trade receivables

 

1,305

 

Other current assets

 

1,677

 

Property and equipment

 

1,404

 

Subscriber accounts

 

307,800

 

Dealer network and other intangible assets

 

48,500

 

Goodwill

 

176,300

 

Holdback liability, current and non-current

 

(9,620

)

Deferred income tax liabilities

 

(4,108

)

Other current and non-current liabilities

 

(25,797

)

Fair value of consideration

 

$

500,557

 

 

Schedule of unaudited pro forma information

 

 

 

 

Three months ended
March 31, 2013

 

 

 

(amounts in thousands,
except per share amounts)

 

As reported:

 

 

 

Net revenue

 

$

100,158

 

Net income

 

1,349

 

 

 

 

 

Supplemental pro-forma:

 

 

 

Net revenue

 

$

123,414

 

Net loss

 

(5,805

)