Annual report pursuant to Section 13 and 15(d)

Acquisition Of Qumu, Inc. (Tables)

v2.4.0.8
Acquisition Of Qumu, Inc. (Tables)
12 Months Ended
Dec. 31, 2013
Business Combinations [Abstract]  
Preliminary purchase accounting allocation of total purchase price
The following table summarizes the purchase accounting allocation of the total purchase price to Qumu, Inc.'s net tangible and intangible assets, with the residual allocated to goodwill (in thousands).
Aggregate purchase price
$
51,275

Less: discount applied to Qumu Corporation stock for trade restrictions
(1,955
)
Net transaction consideration
$
49,320

Current assets
$
5,213

Property and equipment
390

Intangible assets
18,900

Goodwill
22,218

Net deferred tax assets
7,229

Current liabilities
(4,630
)
Total net assets acquired
$
49,320

Unaudited pro forma results
The following table contains unaudited pro forma consolidated results for the year ended December 31, 2011 as if the Qumu, Inc. acquisition had occurred on January 1, 2010 (in thousands, except per share data).
 
Year Ended December 31, 2011
 
Reported
 
Pro Forma
(Unaudited)
Net sales
$
83,634

 
$
94,092

Net earnings
2,835

 
308

Net earnings per share:
 

 
 

Basic and Diluted
$
0.29

 
$
0.03