Juno 2013 Annual Report Download - page 125

Table of Contents



unit during the quarter ended December 31, 2013. Accordingly, such goodwill was required to be measured at fair value on a non-recurring basis and,
at December 31, 2013, the estimated fair value was as follows (in thousands):
The Company estimated the fair value of the Classmates reporting unit using the income approach, as a meaningful base of market data was not
available to also use the market approach. The inputs for the fair value calculations of the reporting unit included a 4% growth rate to calculate the
terminal value and a discount rate of 12%. In addition, the Company assumed revenue growth and applied margin and other cost assumptions consistent
with the reporting unit's historical trends.


United Online, Inc. has 5.0 million shares of preferred stock authorized with a par value of $0.0001. At December 31, 2013 and 2012, United
Online, Inc. had no preferred shares issued or outstanding.

On October 31, 2013, United Online, Inc. effected a one-for-seven reverse stock split of shares of United Online, Inc. common stock. Except as
noted, all United Online, Inc. common stock share information and related per share amounts have been adjusted to reflect the one-for-seven reverse
stock split of shares of United Online, Inc.

Dividends are paid on shares of common stock outstanding as of the record date. In addition, dividend equivalents are generally paid on nonvested
restricted stock units outstanding as of the record date.
In January, April, July, and October 2011, United Online, Inc.'s Board of Directors declared quarterly cash dividends of $0.70 per share of
common stock, as adjusted to reflect the one-for-seven reverse stock split. The dividends were paid on February 28, 2011, May 31, 2011, August 31,
2011, and November 30, 2011 and totaled $9.4 million, $9.3 million, $9.3 million, and $9.3 million, respectively, including dividend equivalents paid
on nonvested restricted stock units.
In January, April, July, and October 2012, United Online, Inc.'s Board of Directors declared quarterly cash dividends of $0.70 per share of
common stock, as adjusted to reflect the one-for-seven reverse stock split. The dividends were paid on February 29, 2012, May 31, 2012, August 31,
2012, and November 30, 2012 and totaled $9.3 million, $9.4 million, $9.4 million, and $9.4 million, respectively, including dividend equivalents paid
on nonvested restricted stock units.
F-32


 
 

 

Classmates reporting unit goodwill $ 35,573