ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Summary of consideration transfered for business acquisition

The acquisition date fair value of the consideration transferred was approximately $57.3 million, which consisted of the following (in thousands):

Cash consideration	$	25,000
Common stock issued	32,319
Total	$	57,319

The table below shows estimated fair values of the assets acquired funded by cash and issuance of common stock at the acquisition date:

	Cash Purchase Price		Issuance of Common Stock		Total Consideration		% of Total Consideration
	(In thousands)
Developed technology and goodwill	$	15,000	$	19,219	$	34,219	60	%
Customer relationship	10,000		13,100		23,100		40	%
Total consideration	$	25,000	$	32,319	$	57,319	100	%

Summary of fair values of assets acquired and liabilities assumed

The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands):

Intangible assets	$	36,200
Goodwill	21,119
Net assets acquired	$	57,319

Summary of identifiable intangible assets acquired

The following table shows the fair value of the separately identifiable intangible assets at the time of acquisition and the period over which each intangible asset will be amortized:

	Preliminary Fair Value		Useful Life
	(In thousands)		(Years)
Developed technology	$	13,100	6
Customer relationship	23,100		9
Total identifiable intangible assets	$	36,200