Initial public offering price:
|
$10.00 per share | |
Pricing date:
|
July 22, 2010 | |
Closing date:
|
July 27, 2010 | |
Class A common stock
offered by us:
|
6,000,000 shares. This number is unchanged from the Preliminary Prospectus. | |
Class A
common stock offered by
the selling
stockholders:
|
2,696,820 shares. This number is unchanged from the Preliminary Prospectus. | |
Option to purchase
additional shares:
|
From us: 1,044,523 shares. This number is unchanged from the Preliminary Prospectus. | |
From certain selling stockholders: 260,000 shares. This number is unchanged from the Preliminary Prospectus. | ||
Common stock to be
outstanding immediately
after this offering:
|
Class A
22,403,276 shares (or 23,447,799 if the underwriters exercise their
over-allotment option in full) |
|
Class B 18,000,000 shares | ||
Total
40,403,276 shares (or 41,447,799 if the underwriters exercise their
over-allotment option in full) |
||
Shares to be outstanding immediately after this offering is based on 15,470,776 shares of our Class A common stock outstanding as of June 30, 2010, 18,000,000 shares of our Class B common stock outstanding as of June 30, 2010, 932,500 shares of our Class A common stock to be issued upon the exercise of vested stock options in connection with the offering at a weighted-average exercise price of $1.94 and 6,000,000 shares of our Class A common stock offered by us in this offering. | ||
These numbers are unchanged from the Preliminary Prospectus. | ||
Net proceeds to us:
|
Approximately $53.6 million, after deducting the underwriting discount and estimated offering expenses payable by us. This amount is $28.0 million less than the estimated net proceeds to us set forth under Use of Proceeds in the Preliminary Prospectus. |
Pro forma as adjusted
cash and cash equivalents and
capitalization:
|
Based on this offering, our pro forma as adjusted cash and cash equivalents and capitalization as of March 31, 2010 would have been: | |
Cash and cash equivalents |
$ | 51,844 | ||
Long-term debt, including current portion |
115,183 | |||
Subordinated debt |
| |||
Class A common stock |
2 | |||
Class B common stock |
2 | |||
Additional paid-in capital |
66,318 | |||
Retained earnings |
99,161 | |||
Accumulated other comprehensive income (loss) |
3,506 | |||
Treasury stock, at cost |
(8,414 | ) | ||
Total stockholders equity |
160,575 | |||
Total capitalization |
$ | 275,757 | ||
2