Acquisitions (Tables)

9 Months Ended

Sep. 30, 2018

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

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



Cash purchase price	$	30,535
Fair value of contingent consideration	905
Total purchase price	$	31,440
			Amortization
Purchase price allocation:			Period
Cash	$	538
Accounts receivable and other current assets	3,072
Fixed assets	368
Customer-related intangible assets	10,365		8 years
Marketing-related intangible assets	239		3 years
Goodwill	21,657
Total assets	36,239

Accounts payable and accrued expenses	989
Deferred revenue	979
Deferred tax liability	2,831
Total liabilities	4,799

Net assets acquired	$	31,440

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, 2018 (dollars in thousands):



Acquisition:	Original range of potential undiscounted payments	As of September 30, 2018 Maximum contingent consideration due in
		2018		2019		2020		Total
IC Axon	$0 - $3,500	$	—	$	3,500	$	—	$	3,500
McKinney Rogers	$0 - $18,000	—		4,000		4,000		8,000
		$	—	$	7,500	$	4,000	$	11,500

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 September 30, 2018 (dollars in thousands):



	Liability as of December 31,						Change in Fair Value of Contingent			Foreign Currency			Liability as of September 30,
Acquisition:	2017		Additions		Payments		Consideration			Translation			2018
IC Axon	$	—	$	905	$	—	$	45		$	—		$	950
Maverick	1,979		—		—		(1,979		)	—			—
McKinney Rogers	1,501		—		—		(1,308		)	—			193
Emantras	76		—		—		(76		)	—			—
CLS	669		—		—		(654		)	(15		)	—
Total	$	4,225	$	905	$	—	$	(3,972	)	$	(15	)	$	1,143