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ACQUISITIONS (Tables) - Alsbridge
12 Months Ended
Dec. 31, 2017
Business Acquisition  
Schedule of final allocable purchase price

 

 

 

 

 

Cash

    

$

56,000

 

Contingent consideration

 

 

1,456

 

Note payable(1)

 

 

6,810

 

Common stock(2)

 

 

10,944

 

Total allocable purchase price

 

$

75,210

 


(1)Note discounted at market rate

(2)3,200,000 shares issued at $3.42 per share as part of the Merger.

Schedule of recognized amounts of identifiable assets acquired and liabilities assumed

 

 

 

 

 

Cash

    

$

2,674

 

Accounts and other receivable

 

 

16,767

 

Other assets

 

 

5,856

 

Intangible assets

 

 

25,246

 

Accounts payable

 

 

(733)

 

Deferred income tax liability of acquired intangible assets

 

 

(9,593)

 

Accrued expenses and other

 

 

(9,352)

 

Net assets acquired

 

$

30,865

 

 

 

 

 

 

Goodwill

 

$

44,345

 

 

Schedule of purchase price assigned to intangible assets and the amortization period

 

 

 

 

 

 

 

 

    

Purchase Price

    

 

 

 

     

Allocation

     

Asset Life

 

Amortizable intangible assets:

 

 

 

 

 

 

Customer relationships

 

$

17,316

 

15

 years

Non-compete

 

 

239

 

5

 years

Databases

 

 

7,691

 

15

 years

Total intangible assets

 

$

25,246

 

 

 

 

Schedule of unaudited pro forma financial information

 

 

 

 

 

 

 

Year Ended

 

December 31,

 

2016

 

2015

 

(unaudited)

Revenue

$

269,161

     

$

279,108

Net (loss) income

$

(5,528)

 

$

6,780