ACQUISITIONS (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
|---|
| Saugatuck Technology Inc. |
|
| Business Acquisition |
|
| Schedule of preliminary allocable purchase price |
|
|
|
|
|
|
|
Cash
|
|
$
|
600
|
|
|
Restricted stock*
|
|
|
150
|
|
|
Contingent consideration
|
|
|
986
|
|
|
|
|
|
|
|
|
Total allocable purchase price
|
|
$
|
1,736
|
|
*33,784 shares at $4.44 at close of market on August 7, 2015.
|
| Schedule of recognized amounts of identifiable assets acquired and liabilities assumed |
|
|
|
|
|
|
|
Cash
|
|
$
|
63
|
|
|
Accounts receivable
|
|
|
137
|
|
|
Other assets
|
|
|
31
|
|
|
Intangible assets
|
|
|
989
|
|
|
Accrued expenses and other
|
|
|
(550)
|
|
|
|
|
|
|
|
|
Net assets acquired
|
|
$
|
670
|
|
|
|
|
|
|
|
|
Goodwill(1)
|
|
$
|
1,066
|
|
|
(1)
| |
Goodwill of approximately $1.1 million acquired in the acquisition is deductible for tax purposes. |
|
| Schedule of purchase price assigned to intangible assets and the amortization period |
|
|
|
|
|
|
|
|
|
|
|
|
Purchase Price
|
|
|
|
|
|
|
|
Allocation
|
|
Asset Life
|
|
|
|
Amortizable intangible assets:
|
|
|
|
|
|
|
|
|
Customer relationships
|
|
$
|
984
|
|
15
|
years
|
|
|
Non-compete
|
|
|
5
|
|
3
|
years
|
|
|
Total intangible assets
|
|
$
|
989
|
|
|
|
|
|
| CCI Consulting Pty Ltd |
|
| Business Acquisition |
|
| Summary of fair value of consideration transferred |
|
|
|
|
|
|
|
Cash
|
|
$
|
934
|
|
|
Post-completion installment payment
|
|
|
800
|
|
|
Restricted stock*
|
|
|
237
|
|
|
Contingent consideration
|
|
|
1,989
|
|
|
Working capital adjustment
|
|
|
(56)
|
|
|
Total allocable purchase price
|
|
$
|
3,904
|
|
* 50,000 shares at $4.74 at close of market on 4/15/2014 that vest upon achievement of certain performance measures.
|
| Schedule of recognized amounts of identifiable assets acquired and liabilities assumed |
|
|
|
|
|
|
|
Cash
|
|
$
|
7
|
|
|
Accounts receivable
|
|
|
275
|
|
|
Other assets
|
|
|
18
|
|
|
Intangible assets
|
|
|
1,887
|
|
|
Accounts payable
|
|
|
(27)
|
|
|
Accrued expenses and other
|
|
|
(203)
|
|
|
Net assets acquired
|
|
$
|
1,957
|
|
|
|
|
|
|
|
|
Goodwill(1)
|
|
$
|
1,947
|
|
(1)Goodwill of approximately $1.9 million acquired in the acquisition is deductible for tax purposes.
|
| Schedule of purchase price assigned to intangible assets and the amortization period |
|
|
|
|
|
|
|
|
|
|
|
|
Purchase Price
|
|
|
|
|
|
|
|
Allocation
|
|
Asset Life
|
|
|
Amortizable intangible assets:
|
|
|
|
|
|
|
|
|
Customer relationships
|
|
$
|
1,270
|
|
20
|
years
|
|
|
Databases
|
|
|
495
|
|
10
|
years
|
|
|
Backlog
|
|
|
122
|
|
2
|
years
|
|
|
Total intangible assets
|
|
$
|
1,887
|
|
|
|
|
|
| Convergent Technologies Partners SPA |
|
| Business Acquisition |
|
| Summary of fair value of consideration transferred |
|
|
|
|
|
|
|
Cash
|
|
$
|
697
|
|
|
Redeemable noncontrolling interest*
|
|
|
501
|
|
|
Total fair value transferred
|
|
$
|
1,198
|
|
* Equivalent to 49% of CTP’s share capital discounted for lack of control and marketability based on third party research.
|
| Schedule of recognized amounts of identifiable assets acquired and liabilities assumed |
|
|
|
|
|
|
|
Cash
|
|
$
|
734
|
|
|
Accounts receivable
|
|
|
565
|
|
|
Other assets
|
|
|
436
|
|
|
Intangible assets
|
|
|
139
|
|
|
Accounts payable
|
|
|
(65)
|
|
|
Accrued expenses and other
|
|
|
(465)
|
|
|
Net assets acquired
|
|
$
|
1,344
|
|
|
|
|
|
|
|
|
Bargain purchase gain
|
|
$
|
(146)
|
|
|
| Schedule of purchase price assigned to intangible assets and the amortization period |
|
|
|
|
|
|
|
|
|
|
|
Purchase Price
|
|
|
|
|
|
|
Allocation
|
|
Asset Life
|
|
|
Amortizable intangible assets:
|
|
|
|
|
|
|
|
Customer relationships
|
|
$
|
56
|
|
10
|
years
|
|
Certified Methodology (patent)
|
|
|
83
|
|
3
|
years
|
|
Total intangible assets
|
|
$
|
139
|
|
|
|
|