Business Combinations (Tables)

9 Months Ended

Sep. 30, 2021

Business Combinations [Abstract]

Summary of Purchase Consideration

The purchase price of $7.5 million included cash paid to the shareholders and option holders of Optelian, cash paid to retire Optelian's outstanding debt on the date of acquisition, and contingent payments to shareholders (in thousands):

Purchase consideration
Retirement of Optelian debt	$	4,929
Payment to shareholders and option holders		664
Contingent payment to shareholders		1,897
Total purchase consideration	$	7,490

Summary Of Estimated Fair Values Of The Assets Acquired And Liabilities Assumed

The following summarizes the provisional estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the Optelian Acquisition (in thousands):

Schedule of Estimated Fair Value and Useful Lives of Identifiable Intangible Assets

The provisional purchase price allocation resulted in the recognition of goodwill of approximately $1.9 million. The following table represents the preliminary estimated fair value and useful lives of identifiable intangible assets acquired (estimated fair value in thousands):

	Estimated		Estimated
	fair value		useful life
Intangible assets acquired
Developed technology	$	1,780	5 years
Customer relationships		490	5 years
In-process research and development		890	5 years
Total intangible assets	$	3,160