Acquisitions (Tables)

9 Months Ended

Sep. 30, 2016

Purchase Price Allocation for Acquisition

The preliminary estimated purchase price allocation for the Skygistics Acquisition is as follows:

	Amount
Cash and cash equivalents	$	383
Accounts receivable		989
Inventories		292
Other current assets		112
Property, plant and equipment		418
Deferred tax assets		90
Intangible assets		1,545
Total identifiable assets acquired		3,829
Accounts payable and accrued expenses		410
Deferred tax liabilities		433
Other liabilities		11
Total liabilities assumed		854
Net identifiable assets acquired		2,975
Goodwill		1,374
Total preliminary purchase price	$	4,349

WAM Technologies, LLC [Member]

Purchase Price Allocation for Acquisition

The preliminary estimated purchase price allocation for the WAM Acquisition is as follows:

	Amount
Accounts receivable	$	563
Property, plant and equipment		122
Intangible assets		4,810
Total identifiable assets acquired		5,495
Accounts payable and accrued expenses		204
Deferred revenues		7,326
Total liabilities assumed		7,530
Net identifiable assets acquired		(2,035	)
Goodwill		10,724
Total preliminary purchase price	$	8,689

Summary of Useful Lives of Customer Relationships Based on Customer Attrition

The remaining useful lives of customer lists were based on the customer attrition and the projected economic benefit of these customers.

	Estimated
	Useful life
	(years)		Amount
Customer lists - one customer		10	$	3,720
Customer lists - all other customers		11		600
Technology		10		450
Trademarks		1		40
			$	4,810

Summary of Pro Forma Results of Operation

The following tables present the unaudited pro forma consolidated operating results for the Company, as though the WAM Acquisition had occurred as of the beginning of the prior annual reporting period. The unaudited pro forma results reflect certain adjustments related to past operating performance, acquisition costs and acquisition accounting adjustments, such as increased depreciation and amortization expense based on the fair valuation of assets acquired and the related tax effects. The pro forma results do not include any anticipated synergies which may be achievable subsequent to the acquisition date. Accordingly, such pro forma amounts are not necessarily indicative of the results that actually would have occurred had the acquisition been completed on the dates indicated, nor are they indicative of the future operating results of the combined company:

	Three Months Ended September 30, 2015
	As Reported		WAM Acquisition		Pro Forma
Net revenues	$	46,084	$	1,628	$	47,712
Net income attributable to common shareholders	$	1,582	$	548	$	2,130
Earnings per share:
Basic	$	0.02			$	0.03
Diluted	$	0.02			$	0.03

	Nine Months Ended September 30, 2015
	As Reported			WAM Acquisition		Pro Forma
Net revenues	$	133,297		$	5,234	$	138,531
Net (loss) income attributable to common shareholders	$	(13,517	)	$	1,147	$	(12,370	)
Earnings per share:
Basic	$	(0.19	)			$	(0.18	)
Diluted	$	(0.19	)			$	(0.18	)