Acquisitions (Tables)

9 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

Summary of Purchase Price Allocation Initially Recorded on Consolidated Balance Sheet for all Acquisitions

The following table presents the summary purchase price allocation initially recorded for all 2013 acquisitions on our consolidated balance sheets at the respective acquisition dates (in thousands):

	Total
Net liabilities (1)	$	(14,195	)
Goodwill (2)		34,137
Intangible assets (3)		16,944
Deferred tax liability		(1,352	)
Total purchase price consideration (4)	$	35,534

(1) Includes cash acquired of $2.9 million.

(2) The goodwill represents the excess value over both tangible and intangible assets acquired. The goodwill in these transactions is primarily attributable to expected operational synergies, the assembled workforces, and the future development initiatives of the assembled workforces. Goodwill in the amount of $17.4 million is expected to be deductible for tax purposes.

(3) Identifiable definite-lived intangible assets were comprised of developed technology of $1.6 million, trade names of $7.0 million, customer relationships of $7.9 million, and non-compete agreements of $0.4 million. The overall weighted-average life of the identifiable definite-lived intangible assets acquired in the purchase of the companies was 8.3 years, which will be amortized on a straight-line basis over their estimated useful lives from acquisition date.

(4) Subject to adjustment based on (i) final working capital adjustment calculations, and (ii) indemnification obligations of the acquired company stockholders.