Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Net Assets Acquired in Business Acquisitions

The following table summarizes the fair value of the consideration transferred, net assets acquired and liabilities assumed as a result of the acquisitions that occurred during 2014 and 2013:



	December 31,
(in thousands)	2014			2013
Fair value of total consideration transferred
Cash	$	59,514		$	5,025
Contingent earn-out consideration arrangement	4,312			9,425
Previous cash consideration in investment of step up acquisition, CurePet	2,000			—
Cash consideration offset against open receivable balances due to Ebix, Inc. from CurePet	1,350			—
Total	$	67,176		$	14,450

Fair value of assets acquired and liabilities assumed
Cash	$	323		$	285
Other current assets	5,263			485
Property, plant, and equipment	670			144
Other long term assets	54			507
Intangible assets	6,872			5,396
Deferred tax liability	(1,040		)	(947		)
Current and other liabilities	(13,469		)	(2,556		)
Net assets acquired, excludes goodwill	(1,327		)	3,314

Goodwill	68,503			11,136

Total net assets acquired	$	67,176		$	14,450

Schedule of Identified Intangible Assets Acquired as Part of Business Acquisitions

The following table summarizes the separately identified intangible assets acquired as a result of the acquisitions that occurred during 2014 and 2013:



	December 31,
	2014			2013
			Weighted Average			Weighted Average
Intangible asset category	Fair Value		Useful Life	Fair Value		Useful Life
	(in thousands)		(in years)	(in thousands)		(in years)
Customer relationships	$	5,275	9.9	$	4,761	11.0
Developed technology	1,236		4.2	635		5.0
Non-compete agreements	226		7.0	—		0.0
Trademarks	135		5.5	—		0.0
Total acquired intangible assets	$	6,872	8.8	$	5,396	10.3

Schedule of Intangible Assets, Future Amortization Expense

Estimated aggregate future amortization expense for the intangible assets recorded as part of the business acquisitions described above and other prior acquisitions is as follows:



Estimated Amortization Expenses (in thousands):
For the year ending December 31, 2015	$	7,357
For the year ending December 31, 2016	6,794
For the year ending December 31, 2017	6,388
For the year ending December 31, 2018	5,668
For the year ending December 31, 2019	5,384
Thereafter	17,780

	$	49,371