|
4. Acquisitions
During 2011 we completed the following acquisitions:
|
Business Acquired |
|
Date of Closing |
|
Net Assets
Acquired
(in millions) |
|
Form of
Consideration |
|
|
EyeWonder |
|
September 1, 2011 |
|
$ |
61.0 |
|
Cash |
|
|
MediaMind |
|
July 26, 2011 |
|
499.3 |
|
Cash |
|
|
MIJO |
|
April 1, 2011 |
|
43.8 |
|
Cash |
|
|
|
|
|
|
|
|
|
|
Each of the acquired businesses has been included in our results of operations since the date of closing. Accordingly, 2012 and 2011 operating results are not entirely comparable due to these acquisitions and related costs. The purchase price allocations for MediaMind and EyeWonder are preliminary and subject to further review and analysis and a determination of the tax attributes of deferred tax liabilities.
The following pro forma information presents our results of operations for the three month period ended March 31, 2011 as if the EyeWonder, MediaMind and MIJO acquisitions had occurred on January 1, 2011 (in thousands, except per share amounts). A table of actual amounts is provided for reference.
|
|
|
Unaudited
Three Months Ended
March 31, 2011 |
|
|
|
|
As Reported |
|
Pro Forma |
|
|
Revenue |
|
$ |
63,510 |
|
$ |
96,059 |
|
|
Income from continuing operations |
|
12,888 |
|
4,574 |
|
|
Income per share—continuing operations: |
|
|
|
|
|
|
Basic |
|
$ |
0.46 |
|
$ |
0.16 |
|
|
Diluted |
|
$ |
0.46 |
|
$ |
0.16 |
| |