Business Combination (Tables)
 12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the date of the acquisition (in thousands):

 

Total cash consideration to selling shareholders

 

$

34,052

 

Assets acquired and liabilities assumed

 

 

 

 

Cash and cash equivalents

 

 

2,564

 

Accounts receivable

 

 

2,518

 

Prepaid expenses and other current assets

 

 

718

 

Property and equipment

 

 

427

 

Intangible assets

 

 

9,790

 

Accounts payable

 

 

(285

)

Accrued expenses and other current liabilities

 

 

(376

)

Deferred revenue

 

 

(501

)

Net deferred income tax liabilities

 

 

(2,787

)

Net assets

 

 

12,068

 

Goodwill

 

$

21,984

 

 
Schedule of Acquired Intangible Asset Categories, Fair Value and Amortization Periods

The acquired intangible asset categories, fair value and amortization periods, were as follows:

 

 

 

Amortization

Period

 

Fair Value

(in thousands)

 

Trade name

 

1 year

 

$

20

 

Developed technology

 

8 years

 

 

5,710

 

Non-compete agreements

 

2 years

 

 

180

 

Customer relationships

 

10 years

 

 

3,880

 

 

 

 

 

$

9,790

 

 
Schedule of Unaudited Pro Forma Information

The following table presents the Company’s unaudited pro forma information for the years ended December 31, 2016 and 2015 as if the acquisition occurred on January 1, 2015 (in thousands):

 

 

 

Year Ended

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Pro forma total revenues

 

$

128,196

 

 

$

88,303

 

Pro forma net loss

 

 

(39,000

)

 

 

(28,161

)

Pro forma net loss per share, basic and diluted

 

 

(0.92

)

 

 

(0.69

)