ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2015

Summary of Acquisitions in Exchange for Common Stock and/or Cash



Name of Acquisition	Effective Date of Acquisition	Common Shares		Fair Value of Common Shares				Cash, Net of Working Capital and Other Adjustments				Recorded Earnout Payable				Total Recorded Purchase Price		Maximum Potential Earnout Payable
Name of Acquisition	Effective Date of Acquisition	Issued	Deferred	Issued		Deferred		Paid		Deferred		Cash		Stock		Total Recorded Purchase Price		Maximum Potential Earnout Payable
		(in shares)		(in thousands)
Netsoft	March 5, 2014	—	—	$	—	$	—	$	2,403	$	1,022	$	1,825	$	—	$	5,250	$	1,825
Jointech	April 30, 2014	—	89,552	—		2,788		10,000		4,000		15,000		5,000		36,788		20,000
GGA ⁽¹⁾	June 6, 2014	—	—	—		—		14,892		—		11,400		—		26,292
Great Fridays	October 31, 2014	—	—	—		—		10,777		—		1,173		—		11,950		1,173
		—	89,552	$	—	$	2,788	$	38,072	$	5,022	$	29,398	$	5,000	$	80,280




(1)	The amount of the maximum potential earnout payable to GGA, if any, is not limited based on the terms of the purchase agreement.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following is a summary of the estimated fair values of the net assets acquired at the date of each respective acquisition during the year ended December 31, 2014 as originally reported in the quarterly condensed consolidated financial statements and at March 31, 2015:



	Netsoft				Jointech				GGA				Great Fridays				Total
	As Originally Reported		As of March 31, 2015		As Originally Reported		As of March 31, 2015		As Originally Reported		As of March 31, 2015		As Originally Reported		As of March 31, 2015		As Originally Reported		As of March 31, 2015
Cash and cash equivalents	$	—	$	—	$	871	$	871	$	—	$	—	$	259	$	259	$	1,130	$	1,130
Trade receivables and other current assets	788		788		784		784		5,157		5,377		1,825		1,825		8,554		8,774
Property and equipment and other long-term assets	52		52		338		338		444		444		262		262		1,096		1,096
Deferred tax asset	351		—		—		—		4,463		—		—		—		4,814		—
Acquired intangible assets	1,700		1,700		25,744		22,485		10,959		10,959		5,747		5,747		44,150		40,891
Goodwill	2,776		2,779		11,033		17,404		6,496		12,209		6,947		6,870		27,252		39,262
Total assets acquired	5,667		5,319		38,770		41,882		27,519		28,989		15,040		14,963		86,996		91,153
Accounts payable and accrued expenses	69		69		728		728		2,593		2,593		872		872		4,262		4,262
Deferred revenue	—		—		—		—		—		104		317		317		317		421
Due to employees	—		—		1,254		1,254		—		—		624		624		1,878		1,878
Deferred tax liability	—		—		—		3,112		—		—		1,200		1,200		1,200		4,312
Total liabilities assumed	69		69		1,982		5,094		2,593		2,697		3,013		3,013		7,657		10,873
Net assets acquired	$	5,598	$	5,250	$	36,788	$	36,788	$	24,926	$	26,292	$	12,027	$	11,950	$	79,339	$	80,280

Schedule of Finite-Lived Intangible Assets

The following table presents the estimated fair values and useful lives of intangible assets acquired during the year ended March 31, 2015:



	Netsoft			Jointech			GGA			Great Fridays
	Weighted Average Useful Life (in years)	Amount		Weighted Average Useful Life (in years)	Amount		Weighted Average Useful Life (in years)	Amount		Weighted Average Useful Life (in years)	Amount
Customer relationships	10	$	1,700	10	$	22,173	10	$	10,959	10	$	5,747
Trade names	—	—		2	312		—	—		—	—
Total		$	1,700		$	22,485		$	10,959		$	5,747