Time machine not restoring
I just got a new iMac to replace my older 2011 model and the old one used time machine to back up automatically to an external hard drive so I expected I could just set up the new one no problem. When I use migration assistant, I go through the steps to transfer from a time machine backup from a hard disk but when I get to the "select your system" screen where it would normally present me with options to choose from, the loading circle just spins forever with the message "looking for other computers" nothing comes up, it just keeps spinning. I've also tried directly connecting the two macs together and running the import from another mac option but the same thing happened. The drive will mount on the desktop and I can open it in finder and see the backup files in it, but it just won't come up in migration assistant. Any suggestions? Both computers are running 10.8.4
iMac, OS X Mountain Lion (10.8.2)