BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2014

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase price was allocated as of the date of the acquisition as follows:

	July 31, 2014
	(in thousands)
Current assets	$	12,287
Fixed assets	983
Intangible assets acquired:
Distributor and end-customer relationships	3,910
Backlog	1,670
Non-compete agreements	1,000
Trade name	300
Developed technology	10,910
In-process technology	13,690
Goodwill	86,123
Deferred tax assets	17,863
Other long-term assets	945
Current liabilities	(5,216		)
Other liabilities assumed	(1,406		)
	$	143,059

The purchase price allocation as of the closing date of the acquisition and estimated useful lives of identifiable intangible assets subject to amortization are as follows:

	Purchase Price Allocation			Estimated Useful Lives
	(in thousands)
Total purchase price	$	10,263
Less:
Net tangible assets acquired	(1,374		)
Intangible assets acquired:
Customer relationships	(1,200		)	3 years
Developed technologies	(2,100		)	6 years
Backlog	(200		)	1 year or less
Total intangible assets	(3,500		)
Goodwill	$	5,389

The following table sets forth the components of the identifiable intangible assets subject to amortization which are being amortized on a straight-line basis over their estimated useful lives:

Intangible assets acquired:	Method of Valuation	Discount Rate Used	Estimated Useful Lives
Distributor and end-customer relationships	Income approach	19% - 24%	0.5 - 3 years
Backlog	Income approach	19%	0.5 years
Non-compete agreements	Income approach	24%	1 - 2 years
Trade name	Income approach	24%	1 year
Developed technology	Income approach	22% - 23%	1 - 5 years
In-process technology	Income approach	25%	5 years (1)
(1) In-process technology is not amortized until the associated project has been completed. Alternatively, if the associated project is determined not to be viable, it will be expensed.

The purchase price allocation as of the closing date of the acquisition and estimated useful lives of identifiable intangible assets subject to amortization are as follows:

	Purchase Price Allocation			Estimated Useful Lives
	(in thousands)
Total purchase price	$	64,421
Less:
Net tangible assets acquired	(2,805		)
Intangible assets acquired:
Customer relationships	(2,650		)			3 years
Developed technologies	(12,020		)	4	to	6 years
Non-compete agreements, tradename and backlog	(780		)	1	to	3 years
Total intangible assets	(15,450		)
Goodwill	$	46,166

Schedule of Business Acquisitions, by Acquisition

The total purchase price of the acquisition was as follows:

	December 20, 2012
	(in thousands)
Cash in exchange for shareholders' equity interest	$	58,165
Unvested shares in Ozmo	237
Transaction expenses incurred by Ozmo	1,816
Long-term debt paid on behalf of Ozmo	1,415
Fair value of contingent consideration (earn-out provision)	1,927
Liabilities assumed	861
Total purchase price	$	64,421

The total purchase price, before working capital adjustments and deduction for specified closing expenses, of the acquisition equaled:

	July 31, 2014
	(in thousands)
Cash, including cash acquired of $3.0 million	$	142,639
Fair value of earn-out	420
Total purchase price	$	143,059