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Acquisitions (Tables)
3 Months Ended
Mar. 31, 2018
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition

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

 
Period
Customer-related intangible assets
 
1,367

 
4 years
Marketing-related intangible assets
 
106

 
2 years
Goodwill
 
8,527

 
 
Total assets
 
10,000

 
 
 
 
 
 
 

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 March 31, 2018 (dollars in thousands):
Acquisition:
Original range of potential undiscounted payments
 
As of March 31, 2018 Maximum contingent consideration due in
 
 
 
2018
2019
2020
Total
Maverick
$0 - $10,000
 
$
5,902

$

$

$
5,902

McKinney Rogers
$0 - $18,000
 

4,000

4,000

8,000

Emantras
 
 
*




CLS
$0 - $2,312
 
2,312



2,312

 
 
 
$
8,214

$
4,000

$
4,000

$
16,214

 
 
 
 
 
 
 
* 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, 2017 to March 31, 2018 (dollars in thousands):
 
Liability as of
December 31,
 
 
 
 
 
Change in
Fair Value of
Contingent
 
Foreign
Currency
 
Liability as of
March 31,
Acquisition:
2017
 
Additions
 
Payments
 
Consideration
 
Translation
 
2018
Maverick
$
1,979

 
$

 
$

 
$
(1,325
)
 
$

 
$
654

McKinney Rogers
1,501

 

 

 
(1,168
)
 

 
333

Emantras
76

 

 

 
(76
)
 

 

CLS
669

 

 

 
17

 
26

 
712

Total
$
4,225


$

 
$


$
(2,552
)

$
26


$
1,699