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Business Combinations (Tables)
6 Months Ended
Jun. 30, 2018
Business Combinations [Abstract]  
Summary of Total Consideration for Acquisition

The total consideration for this acquisition was approximately (in thousands, except share data):

 

 

 

 

Cash

$

39,138

 

Common stock (176,406 shares)

 

4,617

 

Total

$

43,755

 

 

Summary of Fair Values of Tangible and Intangible Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the tangible and intangible assets acquired and liabilities assumed as of the acquisition date (in thousands):

 

Purchase Consideration

 

 

Useful life                       (in years)

 

 

 

 

 

 

 

 

 

Cash

$

97

 

 

 

 

 

Accounts receivable

 

6,267

 

 

 

 

 

Other tangible assets

 

2,804

 

 

 

 

 

Acquired developed technology

 

8,100

 

 

 

4

 

Customer contracts and related relationships

 

11,400

 

 

 

10

 

Order backlog

 

500

 

 

 

2

 

Trademarks and trade name

 

500

 

 

 

3

 

Accounts payable, deferred revenue and other liabilities

 

(16,917

)

 

 

 

 

Net assets acquired

 

12,751

 

 

 

 

 

Goodwill

 

31,004

 

 

 

 

 

Total

$

43,755