CompUSA 2015 Annual Report Download - page 60

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Table of Contents
Unaudited Pro Forma
2015   2014
Revenue $ 1,861.5  $ 2,204.4
Netloss  $ (48.3)  $ (32.4)
TheunauditedproformafinancialinformationaboveisnotnecessarilyindicativeofwhattheCompany’sconsolidatedresultsactuallywouldhavebeenifthe
acquisitionshadbeencompletedatthebeginningoftherespectiveperiods.Inaddition,theunauditedproformainformationabovedoesnotattempttoproject
theCompany’sfutureresults.
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
operationsintheNetherlands.Thepurchaseprice(aftergivingeffecttotheconversionofEurostoU.S.dollars)wasapproximately$7.3millionincash(5.4
millionEuro),$0.6million(0.4millionEuro)ofwhichwasplacedintoanescrowaccountforoneyeartosecurethesellers’indemnificationobligationsunder
thepurchaseagreement.TheCompanycompleteditspurchasepriceallocationandrecordedassetsofapproximately$1.5millionforGoodwill,$1.0million
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
statementdisclosurepurposes.
4. GOODWILL AND INTANGIBLES
Goodwill :
Thefollowingtableprovidesinformationrelatedtothecarryingvalueofgoodwill(inmillions):
December 31,   December 31,
2015   2014
Balance,January1  $ 3.9  $ 2.4
Additionsassociatedwithacquisition   5.6   1.5
Foreigncurrencytranslation   (0.3)   -
Balance,December31  $ 9.2  $ 3.9
Indefinite-lived intangible assets:
Thefollowingtablesummarizesinformationrelatedtoindefinite-livedintangibleassets(inmillions):
December 31,   December 31,
2015   2014
BalanceJanuary1  $ 2.3  $ 2.3
Additionsassociatedwithacquisition   4.1   -
BalanceDecember31  $ 6.4  $ 2.3
58