Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the purchase prices and purchase price allocations for the acquisitions completed during the year ended December 31, 2017. A description of the acquired businesses is summarized below the table.

Acquired company	YouTrain		CLS		Emantras		McKinney Rogers
Acquisition date	8/31/2017		8/31/2017		4/1/2017		2/1/2017
Cash purchase price	$	4,898	$	436	$	3,191	$	3,259
Fair value of contingent consideration	—		888		220		4,505
Working capital adjustment	180		—		—		—
Total purchase price	$	5,078	$	1,324	$	3,411	$	7,764
Purchase price allocation:
Cash	$	673	$	—	$	—	$	—
Accounts receivable and other assets	234		—		—		—
Fixed assets	215		—		50		—
Technology-related intangible assets	—		—		—		2,704
Customer-related intangible assets	1,313		253		818		653
Marketing-related intangible assets (tradename)	—		—		—		121
Goodwill	3,268		1,090		3,156		5,196
Total assets	5,703		1,343		4,024		8,674
Accounts payable and accrued expenses	348		19		558		44
Billings in excess of costs and estimated     earnings on uncompleted contracts	28		—		55		866
Deferred tax liability	249		—		—		—
Total liabilities	625		19		613		910
Net assets acquired	$	5,078	$	1,324	$	3,411	$	7,764

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

Cash purchase price	$	4,639
Fair value of contingent consideration	5,166
Total purchase price	$	9,805
			Amortization
Purchase price allocation:			Period
Fixed assets	$	63
Customer-related intangible assets	1,219		4 years
Marketing-related intangible assets (tradename)	124		2 years
Technology-related intangible assets	649		3 years
Goodwill	8,111
Total assets	10,166
Accrued expenses	38
Billings in excess of costs and estimated     earnings on uncompleted contracts	323
Total liabilities	361
Net assets acquired	$	9,805

Schedule of Changes in Contingent Consideration Liabilities

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

	Liability as of		2017 Additions		Change in Fair Value of Contingent			Foreign Currency		2017 Payments		Liability as of
Acquisition:	Dec. 31, 2016				Consideration			Translation				Dec. 31, 2017
Maverick	$	5,258	—		819			—		(4,098	)	$	1,979
McKinney Rogers	—		4,505		(2,037		)	—		(967	)	1,501
Emantras	—		220		(144		)	—		—		76
CLS	—		888		(258		)	39		—		669
	$	5,258	$	5,613	$	(1,620	)	$	39	(5,065	)	$	4,225