Acquisitions (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Business Acquisitions, by Acquisition

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



Cash purchase price	$	30,493
Fair value of contingent consideration	905
Total purchase price	$	31,398
			Amortization
Purchase price allocation:			Period
Cash	$	536
Accounts receivable and other current assets	3,104
Fixed assets	368
Customer-related intangible assets	10,365		8 years
Marketing-related intangible assets	239		3 years
Goodwill	21,494
Total assets	36,106

Accounts payable and accrued expenses	898
Deferred revenue	979
Deferred tax liability	2,831
Total liabilities	4,708

Net assets acquired	$	31,398

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 June 30, 2018 (dollars in thousands):



Acquisition:	Original range of potential undiscounted payments	As of June 30, 2018 Maximum contingent consideration due in
		2018		2019		2020		Total
IC Axon	$0 - $3,500	$	—	$	3,500	$	—	$	3,500
Maverick	$0 - $10,000	5,902		—		—		5,902
McKinney Rogers	$0 - $18,000	—		4,000		4,000		8,000
CLS	$0 - $2,179	2,179		—		—		2,179
		$	8,081	$	7,500	$	4,000	$	19,581

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 June 30, 2018 (dollars in thousands):



	Liability as of December 31,						Change in Fair Value of Contingent			Foreign Currency			Liability as of June 30,
Acquisition:	2017		Additions		Payments		Consideration			Translation			2018
IC Axon	$	—	$	905	—		$	—		$	—		$	905
Maverick	1,979		—		—		(1,704		)	—			275
McKinney Rogers	1,501		—		—		(1,244		)	—			257
Emantras	76		—		—		(76		)	—			—
CLS	669		—		—		(422		)	(12		)	235
Total	$	4,225	$	905	$	—	$	(3,446	)	$	(12	)	$	1,672