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Acquisition (Tables)
12 Months Ended
Dec. 31, 2015
Business Combinations [Abstract]  
Summary of Cash Purchase Price Allocated Based on Independent Appraisals and Managements Estimates

During the fourth quarter of 2015, the Company finalized its purchase accounting related to the acquisition of LinkEx, Inc. as indicated below (in thousands).  The goodwill, customer lists and other identifiable intangible assets associated with the acquisition will be deductible for federal and state income tax purposes ratably over a 15 year period.  The weighted-average useful life for the identified intangible assets is 14.4 years.

Consideration:

 

 

 

 

 

Cash, net of cash received

 

$

(22,238

)

 

 

 

 

 

 

 

Fair value of total consideration transferred

 

$

(22,238

)

 

 

 

 

 

 

 

Acquisition related costs included in SG&A

 

 

300

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

 

 

 

 

Current assets

 

$

4,337

 

 

Property and equipment

 

 

430

 

 

Customer lists

 

 

11,300

 

 

Other identifiable intangible assets

 

 

2,300

 

 

Other non-current assets

 

 

9

 

 

Current liabilities

 

 

(2,900

)

 

Non-current liabilities

 

 

(32

)

 

 

 

 

 

 

 

Total identifiable net assets assumed

 

$

15,444

 

 

Goodwill

 

 

6,794

 

 

 

 

 

 

 

 

Total

 

$

22,238