Acquisitions (Tables)

9 Months Ended

Sep. 30, 2016

AC2 Solutions, Inc.

Business Acquisition [Line Items]

Summary of Total Preliminary Purchase Price Allocation of Acquired Assets And Liabilities

The following is the total preliminary purchase price allocation on estimated purchase consideration based on information available as of September 30, 2016 (in thousands):

	Amount
Assets acquired:
Cash and cash equivalents	$	78
Accounts receivable		100
Other current assets		63
Intangible assets		6,710
Goodwill		8,243
Total assets acquired		15,194
Liabilities assumed:
Accrued liabilities		136
Current portion of deferred revenue		74
Deferred tax liability		2,666
Total liabilities assumed		2,876
Net assets acquired	$	12,318

Summary of Intangible Assets Purchased and Economic Useful Life

Intangible assets acquired from the acquisition include customer relationships, which are amortized on a double-declining basis, technologies, patents and a non-competition agreement, which are amortized on a straight-line basis and in-process research and development which has an initial indefinite life and is expected to be amortized once technical feasibility is established. The fair values of the intangible assets were determined primarily using the income approach and the discount rates range from 20% to 25%. The following sets forth the intangible assets purchased as part of the AC2 acquisition and their respective preliminary estimated economic useful life at the date of the acquisition (in thousands, except useful life):

	Amount		Economic UsefulLife (in years)
Customer relationships	$	710		8
Technology		321		5
In-process research and development		3,014	Indefinite
Patents		2,641		12
Non-competition agreement		24		2
Total intangible assets	$	6,710

Attensity, Inc

Business Acquisition [Line Items]

Summary of Total Preliminary Purchase Price Allocation of Acquired Assets And Liabilities

The following is the total purchase price allocation as of September 30, 2016  (in thousands):

	Amount
Assets acquired:
Property, plant and equipment and other assets	$	290
Intangible assets		4,917
Goodwill		1,525
Total assets acquired		6,732
Liabilities assumed:
Current portion of deferred revenue		157
Long-term portion of deferred revenue		25
Total liabilities assumed		182
Net assets acquired	$	6,550

Summary of Intangible Assets Purchased and Economic Useful Life

Intangible assets acquired from the acquisition include customer relationships, which are amortized on a double-declining basis, technologies and patents, which are amortized on a straight-line basis and in-process research and development which has an initial indefinite life and is expected to be amortized once technical feasibility is established. The fair values of the intangible assets were determined primarily using the income approach and the discount rates range from 25% - 30%. The following sets forth the intangible assets purchased as part of the Attensity acquisition and their respective preliminary estimated economic useful life at the date of the acquisition (in thousands, except useful life):

	Amount		Economic UsefulLife (in years)
Customer relationships	$	140		5
Technology		141		5
In-process research and development		3,193	Indefinite
Patents		1,443		8
Total intangible assets	$	4,917