Quarterly report pursuant to Section 13 or 15(d)

Security Networks Acquisition (Tables)

v2.4.0.8
Security Networks Acquisition (Tables)
6 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
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 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
177,289

Holdback liability, current and non-current
(9,620
)
Deferred income tax liabilities
(5,097
)
Other current and non-current liabilities
(25,797
)
Fair value of consideration
$
500,557

Schedule of unaudited pro forma information
The following table includes unaudited pro-forma information for the Company, which includes the historical operating results of Security Networks prior to ownership by the Company. This pro-forma information gives effect to certain adjustments, including increased amortization to reflect the fair value assigned to the subscriber accounts and dealer network and other intangible assets acquired and increased interest expense relating to the debt transactions entered into to fund the Security Networks Acquisition. The pro-forma results assume that the Security Networks Acquisition and the debt transactions had occurred on January 1, 2012 for all periods presented. They are not necessarily indicative of the results of operations that would have occurred if the acquisition had been made at the beginning of the periods presented or that may be obtained in the future.
 
 
Three Months Ended 
 June 30, 2013
 
Six Months Ended 
 June 30, 2013
 
(amounts in thousands)
As reported:
 

 
 

Net revenue
$
102,273

 
$
202,431

Net income
592

 
1,941

 
 

 
 

Supplemental pro-forma:
 

 
 

Net revenue
$
127,424

 
$
250,838

Net loss
(8,304
)
 
(14,109
)