Acquisitions (Tables)

9 Months Ended

Sep. 30, 2017

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the fair value of the purchase price and purchase price allocation for the acquisition (dollars in thousands).

Cash purchase price	$	4,898
Estimated completion accounts payment	180
Total purchase price	$	5,078
			Amortization
Purchase price allocation:			Period
Cash	$	673
Accounts receivable and other current assets	248
Fixed assets	215
Customer-related intangible assets	1,313		5 years
Goodwill	3,228
Total assets	5,677
Accounts payable and accrued expenses	322
Billings in excess of costs and estimated     earnings on uncompleted contracts	28
Deferred tax liability	249
Total liabilities	599
Net assets acquired	$	5,078

The following table summarizes the fair value of the purchase price and purchase price allocation for the acquisition (dollars in thousands).

Cash purchase price	$	3,259
Fair value of contingent consideration	4,505
Total purchase price	$	7,764
			Amortization
Purchase price allocation:			Period
Technology-related intangible assets	$	2,704	5 years
Customer-related intangible assets	653		5 years
Marketing-related intangible assets (tradename)	121		3 years
Goodwill	5,196
Total assets	8,674
Accrued expenses	44
Billings in excess of costs and estimated     earnings on uncompleted contracts	866
Total liabilities	910
Net assets acquired	$	7,764

The following table summarizes the fair value of the purchase price and purchase price allocation for the acquisition (dollars in thousands).

Cash purchase price	$	3,191
Fair value of contingent consideration	220
Total purchase price	$	3,411
			Amortization
Purchase price allocation:			Period
Fixed assets	$	50
Customer-related intangible assets	818		4 years
Goodwill	3,156
Total assets	4,024
Accrued expenses	558
Billings in excess of costs and estimated     earnings on uncompleted contracts	55
Total liabilities	613
Net assets acquired	$	3,411

Schedule of Business Acquisitions by Acquisition, Contingent Consideration

Below is a summary of the potential maximum contingent consideration we may be required to pay in connection with completed acquisitions as of September 30, 2017 (dollars in thousands):

Acquisition:	Original range of potential undiscounted payments	As of September 30, 2017 Maximum contingent consideration due in
		2017		2018		2019-2020		Total
Maverick	$0 - $10,000	$	5,000	$	5,000	$	—	$	10,000
McKinney Rogers	$0 - $18,000	967		4,000		8,000		12,967
Emantras		—		*		—		—
CLS	$0 - $2,132	—		2,132		—		2,132
		$	5,967	$	11,132	$	8,000	$	25,099
* There is no maximum contingent consideration payable to the seller.

Summary of changes in recorded amount of contingent consideration

Below is a summary of the changes in the recorded amount of contingent consideration liabilities from December 31, 2016 to September 30, 2017 (dollars in thousands):

	Liability as of December 31,							Change in Fair Value of Contingent			Foreign Currency		Liability as of September 30,
Acquisition:	2016		Additions		Payments			Consideration			Translation		2017
Maverick	$	5,258	$	—	—			$	775		$	—	$	6,033
McKinney Rogers	—		4,505		(967		)	(1,156		)	—		2,382
Emantras	—		220		—			5			—		225
CLS	—		888		—			7			33		928
Total	$	5,258	$	5,613	$	(967	)	$	(369	)	$	33	$	9,568