Business Acquisitions

6 Months Ended

Mar. 31, 2019

We continue to expand our solutions and integrate our technologies in new offerings through acquisitions. A summary of our acquisition activities is as follows:

Fiscal Year 2018

For the six months ended March 31, 2018, we completed an acquisition in our Healthcare segment for total cash consideration of $8.7 million and contingent payments with a fair value of $0.5 million. As a result, we recognized goodwill of $6.8 million and other intangible assets of $2.0 million, with a weighted average life of 2.0 years. The acquisition does not have a material impact on our condensed consolidated financial statements for the periods presented.

Acquisition-Related Costs, net

Acquisition-related costs include costs related to business and asset acquisitions. These costs consist of (i) transition and integration costs, including retention payments, transitional employee costs and earn-out payments, and other costs related to integration activities; (ii) professional service fees, including financial advisory, legal, accounting, and other outside services incurred in connection with acquisition activities, and disputes and regulatory matters related to acquired entities; and (iii) fair value adjustments to acquisition-related contingencies.

A summary of acquisition-related costs, net is as follows (dollars in thousands):



	Three Months Ended March 31,						Six Months Ended March 31,
	2019			2018			2019			2018
Transition and integration costs	$	2,228		$	3,367		$	5,092		$	7,429
Professional service fees	378			940			456			1,451
Acquisition-related adjustments	(373		)	(1,947		)	(479		)	(959		)
Total	$	2,233		$	2,360		$	5,069		$	7,921