ACQUISITIONS, GOODWILL, AND ACQUIRED INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2016

Estimated Fair Values of Assets Acquired and Liabilities Assumed

The fair values of the assets acquired and liabilities assumed at the acquisition dates are as follows (in thousands):



Purchase Price	Fair Value
Cash paid, net of cash acquired	$	9,353
Common stock issued	18,149
	$	27,502
Allocation
Goodwill	$	11,914
Intangibles	16,000
Accounts receivable and other assets	2,565
Other liabilities assumed	(2,977		)
	$	27,502

Intangible Assets Acquired and Useful Lives

The following table details the identifiable intangible assets acquired at their fair value and useful lives (amounts in thousands):



Intangible Assets	Fair Value			Weighted Average Useful Life (years)
Technology and developed software	$	13,600		8.21
Customer relationships	1,900			4.83
Trade names	300			0.12
Other	200
Total acquired intangible assets at the acquisition dates	16,000
Less: accumulated amortization of acquired intangible assets	(4,599		)
Total acquired intangible assets, net as of September 30, 2016	$	11,401

Business Acquisition, Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information presents our results as if the acquisitions had occurred at the beginning of 2015 (amounts in thousands):



	Three months ended September 30,						Nine months ended September 30,
	2016			2015			2016		2015
Net revenues	$	441,564		$	397,339		$	1,274,957	$	1,181,270
Operating income (loss)	$	(5,047	)	$	(3,173	)	$	7,484	$	3,208