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Business Combinations (Tables)
9 Months Ended
Sep. 30, 2018
Business Combinations [Abstract]  
Summary of Fair Values of Assets Acquired and Liabilities Assumed at Acquisition

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

Cash

 

$

195

 

Accounts receivable

 

 

2,029

 

Inventory

 

 

257

 

Prepaid expenses and other current assets

 

 

169

 

Property and equipment

 

 

334

 

Trademarks

 

 

400

 

Customer relationships

 

 

2,900

 

Developed technology

 

 

3,000

 

Total identifiable assets acquired

 

 

9,284

 

Accounts payable

 

 

(1,590

)

Accrued expenses and liabilities

 

 

(711

)

Deferred revenue

 

 

(2,928

)

Debt

 

 

(3,622

)

Total liabilities assumed

 

 

(8,851

)

Net identifiable assets acquired

 

 

433

 

Goodwill

 

 

5,781

 

Purchase price

 

$

6,214

 

 

Summary of Acquisition Related Finite-lived Intangibles and Estimated Lives

Acquisition related intangibles included in the above table are finite-lived and are being amortized on a straight-line basis over their estimated lives, which approximates the pattern in which the economic benefits of the intangible assets are expected to be realized, as follows (in thousands):

 

 

Gross Purchased Intangible

Assets

 

 

Estimated Useful Life

(in Years)

 

Trademarks

$

400

 

 

 

5

 

Customer relationships

 

2,900

 

 

 

10

 

Developed technology

 

3,000

 

 

 

10

 

 

$

6,300