Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

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 were recorded during 2017 and 2016:

	December 31,
(in thousands)	2017			2016
Fair value of total consideration transferred
Cash	$	211,143		$	10,992
Equity instruments	—			2,763
Contingent earn-out consideration arrangement (net)	30,149			5,785
Upfront cash consideration being held in an escrow account	4,040			—
Previous cash and other consideration in investment of EbixHealth JV	—			8,000
Total consideration transferred	245,332			27,540
Fair value of equity components recorded (not part of consideration)
Gain on previously carried 40% equity interest in the EbixHealth JV	—			1,162
Recognition of noncontrolling interest of joint ventures	27,625			11,223
Total equity components recorded	27,625			12,385
Total consideration transferred and equity components recorded	$	272,957		$	39,925
Fair value of assets acquired and liabilities assumed
Cash	$	18,982		$	2,333
Short term investments	24,206			—
Restricted cash	4,040			8,175
Other current assets	39,680			6,282
Property, plant, and equipment	1,018			842
Other long term assets	1,683			7
Intangible assets, definite lived	11,267			(3,184		)
Intangible assets, indefinite lived	11,168			—
Capitalized software development costs	1,705			—
Deferred tax liability	(3,405		)	1,972
Current and other liabilities	(58,324		)	(16,587		)
Net assets acquired, excludes goodwill	52,020			(160		)
Goodwill	220,937			40,085
Total net assets acquired	$	272,957		$	39,925

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 2017 and 2016:

	December 31,
	2017			2016
			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	$	518	10.0	$	3,929		9.7
Developed technology	—		0.0	1,056			5.0
Dealer's network	10,499		17.9	—			0.0
Purchase accounting adjustments for prior year acquisitions	250		0.0	(8,169		)	0.0
Total acquired intangible assets	$	11,267	17.6	$	(3,184	)	8.7

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 all other prior acquisitions is as follows:

Estimated Amortization Expenses (in thousands):
For the year ending December 31, 2018	$	6,860
For the year ending December 31, 2019	6,634
For the year ending December 31, 2020	6,208
For the year ending December 31, 2021	5,608
For the year ending December 31, 2022	5,248
Thereafter	15,153
	$	45,711