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Unaudited Pro Forma
2015 2014
Revenue $ 1,861.5 $ 2,204.4
Netloss $ (48.3) $ (32.4)
TheunauditedproformafinancialinformationaboveisnotnecessarilyindicativeofwhattheCompany’sconsolidatedresultsactuallywouldhavebeenifthe
acquisitionshadbeencompletedatthebeginningoftherespectiveperiods.Inaddition,theunauditedproformainformationabovedoesnotattempttoproject
theCompany’sfutureresults.
On June 12, 2014, the Company acquired Misco Solutions (f/k/a SCC Services B.V.), a supplier of business-to-business IT products and services with
operationsintheNetherlands.Thepurchaseprice(aftergivingeffecttotheconversionofEurostoU.S.dollars)wasapproximately$7.3millionincash(5.4
millionEuro),$0.6million(0.4millionEuro)ofwhichwasplacedintoanescrowaccountforoneyeartosecurethesellers’indemnificationobligationsunder
thepurchaseagreement.TheCompanycompleteditspurchasepriceallocationandrecordedassetsofapproximately$1.5millionforGoodwill,$1.0million
for Client Lists and $0.2 million for Trademarks. The operating results of Misco Solutions are included in the accompanying consolidated statements of
operations from the date of acquisition in the EMEA segment. The Company has determined that this was not a material acquisition for further financial
statementdisclosurepurposes.
4. GOODWILL AND INTANGIBLES
Goodwill :
Thefollowingtableprovidesinformationrelatedtothecarryingvalueofgoodwill(inmillions):
December 31, December 31,
2015 2014
Balance,January1 $ 3.9 $ 2.4
Additionsassociatedwithacquisition 5.6 1.5
Foreigncurrencytranslation (0.3) -
Balance,December31 $ 9.2 $ 3.9
Indefinite-lived intangible assets:
Thefollowingtablesummarizesinformationrelatedtoindefinite-livedintangibleassets(inmillions):
December 31, December 31,
2015 2014
BalanceJanuary1 $ 2.3 $ 2.3
Additionsassociatedwithacquisition 4.1 -
BalanceDecember31 $ 6.4 $ 2.3
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