| Schedule of allocation of the purchase price and summary of estimated useful lives |
| |
|
|
|
|
Estimated |
|
| |
|
|
Fair Value |
|
|
|
Useful Lives |
|
| Cash |
|
$ |
195 |
|
|
|
n/a |
|
| Accounts receivable |
|
|
2,677 |
|
|
|
n/a |
|
| Inventory |
|
|
873 |
|
|
|
n/a |
|
| Prepaid and other assets |
|
|
377 |
|
|
|
n/a |
|
| Property and equipment |
|
|
1,613 |
|
|
|
4 (a) |
|
| Deferred tax asset |
|
|
2,400 |
|
|
|
n/a |
|
| Customer relationships |
|
|
6,056 |
|
|
|
11 |
|
| Technology |
|
|
4,998 |
|
|
|
14 |
|
| Trade names |
|
|
3,632 |
|
|
|
Indefinite |
|
| Goodwill |
|
|
17,518 |
|
|
|
Indefinite |
|
| Total identifiable assets acquired |
|
|
40,339 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Accounts payable |
|
|
(1,756 |
) |
|
|
n/a |
|
| Accrued expenses |
|
|
(1,037 |
) |
|
|
n/a |
|
| Deferred revenue |
|
|
(64 |
) |
|
|
n/a |
|
| Total liabilities assumed |
|
|
(2,857 |
) |
|
|
|
|
| Net assets acquired |
|
$ |
37,482 |
|
|
|
|
|
|
(a) |
The weighted average remaining useful life for all property and equipment is approximately four years. |
|
| Schedule of measurement period adjustments related to merger |
| |
|
December 31, |
|
|
Measurement |
|
|
December 31, |
|
| |
|
2014 |
|
|
Period |
|
|
2014 |
|
| |
|
As Reported |
|
|
Adjustment |
|
|
Recast |
|
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Goodwill |
|
$ |
44,548 |
|
|
$ |
(200 |
) |
|
$ |
44,348 |
|
| Deferred tax assets, less current portion |
|
|
5,616 |
|
|
|
200 |
|
|
|
5,816 |
|
| |
|
$ |
50,164 |
|
|
$ |
- |
|
|
$ |
50,164 |
|
|