Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation (Tables)

v2.4.0.6
Basis of Presentation (Tables)
 9 Months Ended
Dec. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Table summarized the preliminary estimated fair values of the assets and liabilities
The following table summarized the preliminary estimated fair values of the assets and liabilities assumed on May 15, 2012, at the acquisition date:
(in thousands)
 
Inventories
$
326

Deposit
3

Intangibles
3,230

Liabilities
(612
)
Goodwill
2,061

Net assets acquired
$
5,008

Cash consideration transferred
$
2,524

Contingent consideration
3,038

Working capital adjustment (shortfall)
(554
)
Total preliminary consideration
$
5,008

ConferencePlus revenue and income before income taxes reported in discontinued operations
ConferencePlus revenue and income before income taxes reported in discontinued operations is as follows:
 
(in thousands)
Three months ended December 31, 2012
 
Nine months ended December 31, 2012
 
Three months ended December 31, 2011
 
Nine months ended December 31, 2011
Revenue
$
—

 
$
—

 
$
10,072

 
$
31,732

Income (loss) before income taxes
$
(1,515
)
 
$
(1,515
)
 
$
563

 
$
3,594

The pre-tax gain on the CNS asset sale
The pre-tax gain on the CNS asset sale for the nine months ended December 31, 2011 is calculated as follows:
Cash Proceeds
$
36,683

Less: Net value of assets and liabilities sold or transferred as of April 15, 2011
(5,029
)
Total CNS asset sale gain before income taxes
$
31,654