Annual report pursuant to Section 13 and 15(d)

Security Networks Acquisition (Tables)

v2.4.1.9
Security Networks Acquisition (Tables)
12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
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.
 
Year Ended December 31,
 
2013
 
2012
 
(amounts in thousands,
except per share amounts)
As reported:
 
 
 
Net revenue (a)
$
451,033

 
$
344,953

Net loss (c)
(16,687
)
 
(16,776
)
 
 
 
 
Supplemental pro-forma:
 
 
 
Net revenue (b)
$
515,792

 
$
420,716

Net loss (c)
(30,871
)
 
(70,491
)
 
(a) 
 As reported net revenue for the year ended December 31, 2013 reflects the negative impact of a $2,715,000 fair value adjustment that reduced deferred revenue acquired in the Security Networks Acquisition.
(b) 
Pro-forma net revenue for the year ended December 31, 2012 reflects the negative impact of a $2,715,000 fair value adjustment that reduced deferred revenue acquired in the Security Networks Acquisition.
(c)
As reported net loss and the pro-forma net loss for the year ended December 31, 2013 include non-recurring acquisition costs incurred by Monitronics of $2,470,000.