Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

v2.4.0.6
Business Combinations (Tables)
 3 Months Ended
Mar. 31, 2013
Business Combinations [Abstract]  
Schedule of Business Combination, Cash Flows
The cash flows related to the Row 44 Merger in the Business Combination, as reported in the unaudited consolidated statements of cash flows within the investing section, is summarized as follows:

(in thousands)
Amount
Operating cash
$
8

Add: cash held in trust
189,255

Less: cash paid for GEAC shares that were redeemed
(101,286
)
Add: cash received from backstop participants
71,250

Net cash received from Row 44 Merger
$
159,227

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the provisional allocation of the AIA purchase price to the estimated fair values of the assets acquired and liabilities assumed in the AIA Stock Purchase:

(in thousands)
Amount
Cash and cash equivalents
$
22,136

Trade receivables (1)
31,611

Content library
14,298

Inventories
2,035

Prepaid expenses
1,531

Investments
36,766

Intangible assets
105,547

Property and equipment
3,277

Deferred taxes
251

Other assets
10,974

Total identified assets acquired
228,426

Accounts payable
11,729

Accrued liabilities
43,398

Deferred revenue
1,590

Debt
11,633

Tax liabilities
4,654

Deferred tax liabilities, net
24,970

Other liabilities
1,209

Total liabilities assumed
99,183

Net identified assets acquired
129,243

Goodwill
40,301

Net assets acquired
169,544

Less: Non-controlling interests
25,287

Total consideration transferred
$
144,257


(1) Gross contractual amounts past due total $8.0 million and $1.6 million estimated to be uncollectible.
Business Acquisition, Pro Forma Information

Three Months Ended
 
March 31,
(in thousands, except per share data)
2013
2012
Revenues
$
55,557

$
61,136

Net loss
$
(49,924
)
$
(10,217
)
Basic net loss per share
$
(1.15
)
$
(0.50
)
Diluted net loss per share
$
(1.15
)
$
(0.50
)