Incredimail 2011 Annual Report Download - page 98

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PERION NETWORK LTD. AND ITS SUBSIDIARIES
(Formerly: Incredimail Ltd.)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
U.S. dollars in thousands (except share and per share data)
The following unaudited condensed combined pro forma information for the years ended December 31, 2010 and 2011, gives effect to the acquisition
of Smilebox as if the acquisition had occurred on January 1, 2010. The pro forma information is not necessarily indicative of the results of operations,
which actually would have occurred if the acquisition had been consummated on that date, nor does it purport to represent the results of operations for
future periods. For the purposes of the pro forma information, the Company has assumed that net income includes additional amortization of intangible
assets related to the acquisition of $ 3,635 and $ 1,613 in 2010 and 2011, respectively.
NOTE 2:
-
ACQUISITION
OF SMILEBOX INC
(Cont.)
Fair value
Customer relationships
$
1,488
Technology
3,000
Trade name
1,870
Total intangible assets
$
6,358
Year ended December 31
2010
2011
Unaudited
Unaudited
Revenues
$
36,290
$
44,378
Net income (loss)
$
(218
)
$
6,053
Basic earnings (loss) per share
$
(0.02
)
$
0.61
Diluted earnings (loss) per share
$
(0.02
)
$
0.60
F
-
11