Juno 2012 Annual Report Download - page 142
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Table of Contents
The following unaudited pro forma information assumes the schoolFeed acquisition occurred on January 1, 2011 (in thousands):
Net income reflects the following pro forma adjustments:
(i) Amortization of acquired intangible assets based on the estimated fair values at the date of acquisition, net of tax; and
(ii) Acquisition and integration costs incurred by the Company.
The unaudited pro forma information is presented for illustrative purposes only and does not purport to be indicative of the results of future
operations of the Company or of the results that would have actually been attained had the operations been combined during the periods presented.
On April 30, 2012, Interflora British Unit ("Interflora"), a subsidiary of United Online, Inc., acquired certain of the assets of the Gifts Division of
Flying Brands Limited, including the Flying Flowers, Flowers Direct and Drake Algar businesses. Interflora paid approximately $3.9 million in cash at
closing, of which $1.3 million was attributed to goodwill and $2.6 million was allocated to acquired intangible assets. The primary reason for the
acquisition was to broaden Interflora's presence in the U.K. and also to provide a retail corporate presence in London. This acquisition is not considered
material for purposes of further disclosure. Goodwill acquired in connection with the acquisition of the Gifts Division of Flying Brands Limited is
deductible for tax purposes in the U.K. In connection with the acquisition, the Company incurred $0.5 million in transaction-related costs in the year
ended December 31, 2012, which are recorded in general and administrative expenses in the consolidated statement of operations.
Segment revenues and segment income from operations were as follows (in thousands):
F-25
Revenues $ 871,019 $ 897,685
Net income $ 11,730 $ 50,189
Products $ 496,026 $ 3,646 $ 3,011 $ 502,683
Services 117,488 95,119 78,089 290,696
Advertising and other — 54,731 24,342 79,073
Total segment revenues $ 613,514 $ 153,496 $ 105,442 $ 872,452
Segment income from operations $ 82,204 $ 1,212 $ 35,129 $ 118,545