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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2014
Auto USA [Member]
 
Fair value of consideration transferred
    (in thousands)  
Cash (including a working capital adjustment of $44)   $ 10,044  
Convertible subordinated promissory note     1,300  
Warrant to purchase $1.0 million of Company common stock     510  
    $ 11,854  
Fair value of assets and liabilities assumed

 

    (in thousands)  
Net identifiable assets acquired   $ 758  
Long-lived intangible assets acquired     3,750  
Goodwill     7,346  
    $ 11,854  
Acquired intangible assets

 

 

 

Valuation Method

 

Estimated

Fair Value

   

Estimated

Useful Life (1)

 
      (in thousands)     (years)  
               
Non-compete agreements Discounted cash flow(2)   $ 90       2  
Customer relationships Excess of earnings(3)     2,660       5  
Trademark/trade names Relief from Royalty(4)     1,000       5  
     Total purchased intangible assets     $ 3,750          
Unaudited pro forma consolidated results of operations

 

   

Three Months Ended

June 30, 2013

   

Six Months Ended

June 30, 2013

 
Unaudited pro forma consolidated results:            
Revenues   $ 24,708     $ 50,241  
 Net income     742       1,358  
Advanced Mobile [Member]
 
Fair value of consideration transferred

 

 

    (in thousands)  
       
Cash (including working capital adjustment of $70)   $ 2,570  
Contingent consideration     825  
    $ 3,395  
Fair value of assets and liabilities assumed
    (in thousands)  
       
Net identifiable assets acquired   $ 90  
Definite-lived intangible assets acquired     1,380  
Goodwill     1,925  
Net assets acquired   $ 3,395  
Acquired intangible assets
 

 

Valuation Method

 

Estimated

Fair Value

   

Estimated

Useful Life (1)

 
      (in thousands)     (years)  
               
Non-compete agreements Discounted cash flow (2)   $ 110       5  
Customer relationships Excess of earnings (3)     450       2  
Developed technology Excess of earnings (3)     820       5  
     Total purchased intangible assets     $ 1,380          
Unaudited pro forma consolidated results of operations
   

Three Months

Ended

June 30, 2013

   

Six Months

Ended

June 30, 2013

 
    (in thousands)  
Unaudited pro forma consolidated results:            
Revenues   $ 18,017     $ 36,525  
Net income     376       707