Business Combinations and Goodwill

12 Months Ended

Dec. 31, 2013

Business Combinations [Abstract]

Business Combinations and Goodwill

Business Combinations and Goodwill

During the year ended December 31, 2013, we acquired three companies for total consideration of $16.2 million, of which approximately $12.3 million was attributed to goodwill, $5.1 million to acquired intangible assets and $1.2 million to other net liabilities assumed. The acquisitions were accounted for using the acquisition method, and the purchase prices were allocated based on the estimated fair values of the individual assets acquired and liabilities assumed at the date of acquisition. The Consolidated Statements of Comprehensive Income include the results of operations for the acquired companies commencing on their respective acquisition dates. Pro forma results of operations for these acquisitions have not been presented because they are not material to the consolidated results of operations, either individually or in aggregate.

The finite-lived intangible assets acquired as part of these acquisitions have a weighted-average useful life of 3.2 years.

During the year ended December 31, 2012, we acquired two companies for total consideration of $10.9 million, including cash payments, deferred cash payments and equity consideration. Approximately $8.7 million was attributed to goodwill, $2.3 million to acquired intangible assets and $0.1 million to other net liabilities assumed.

The following table provides a roll forward of our goodwill balance.

(In thousands)
December 31, 2011	$	59,993
Acquisitions	8,749
December 31, 2012	$	68,742
Acquisitions	12,342
December 31, 2013	$	81,084

None of the goodwill recorded in 2013 is deductible for tax purposes.

In prior periods, we acquired companies that required additional future payments in addition to the initial cash payment. During 2013, we paid $1.5 million related to these previous acquisitions, and as of December 31, 2013, the fair value of the remaining liability recorded was $0.5 million.