Annual report pursuant to Section 13 and 15(d)

Subsequent Event

v2.4.0.8
Subsequent Event
12 Months Ended
Dec. 31, 2013
Subsequent Events [Abstract]  
Subsequent Event
Subsequent Event
In January 2014, we acquired substantially all of the operating assets of Bookt LLC. ("Bookt") for a purchase price of $14.0 million, which consisted of a cash payment of $6.0 million at closing, a deferred cash payment of up to $1.0 million payable over two years after the acquisition date, and additional cash payments totaling $7.0 million if certain revenue targets are met for the twelve month periods ended March 31, 2015 and March 31, 2016. A provider of software-as-a-service solutions, Bookt's InstaManager product facilitates vacation rental bookings and enables us to enter the vacation rental market. Due to the timing of this acquisition, the purchase price allocation was not complete as of the date of this filing due to the pending completion of the valuation of intangible assets.