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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The Company has obtained third party valuations of certain intangible assets. The following table summarizes (in thousands) the final purchase price allocation for the acquisition:
 
 
 
Amount
 
Accounts receivable
 
$
771
 
Media contact database
 
 
3,610
 
Developed technology
 
 
994
 
Tradenames and trademarks
 
 
310
 
Total identifiable assets acquired
 
 
5,685
 
 
 
 
 
 
Accrued salaries, wages and related benefits
 
 
63
 
Deferred revenues
 
 
2,560
 
Income and other taxes
 
 
97
 
Total liabilities assumed
 
 
2,720
 
Net identifiable assets acquired
 
 
2,965
 
Goodwill
 
 
1,263
 
Net assets acquired
 
$
4,228
 
 
The following table summarizes (in thousands) the purchase price allocation for the acquisition:
 
 
 
Amount
 
Accounts receivable
 
$
468
 
Prepaid expenses and other current assets
 
 
288
 
Property and equipment, net
 
 
181
 
Other assets
 
 
21
 
Developed technology
 
 
2,629
 
Customer relationships
 
 
2,555
 
Trademarks and tradenames
 
 
297
 
Total identifiable assets acquired
 
 
6,439
 
 
 
 
 
 
Accounts payable and accrued expenses
 
 
583
 
Accrued salaries, wages and related benefits
 
 
315
 
Deferred revenues
 
 
382
 
Income and other taxes
 
 
310
 
Deferred tax liability
 
 
751
 
Capital lease obligation
 
 
38
 
Total liabilities assumed
 
 
2,379
 
Net identifiable assets acquired
 
 
4,060
 
Goodwill
 
 
1,034
 
Net assets acquired
 
$
5,094
 
Business Acquisition, Pro Forma Information [Table Text Block]
The following unaudited pro forma summary presents consolidated information of the Company as if these business combinations had occurred on January 1, 2014 (amount in thousands, except per share amounts):
 
 
 
December 31
 
 
 
2016
 
2015
 
2014
 
Revenues:
 
 
 
 
 
 
 
 
 
 
As reported
 
$
63,074
 
$
58,523
 
$
59,076
 
Proforma
 
$
66,574
 
$
63,483
 
$
65,524
 
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to Innodata Inc. and Subsidiaries:
 
 
 
 
 
 
 
 
 
 
As reported
 
$
(5,524)
 
$
(2,826)
 
$
(974)
 
Proforma
 
$
(5,188)
 
$
(2,903)
 
$
(1,606)
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted net loss per share:
 
 
 
 
 
 
 
 
 
 
As reported
 
$
(0.22)
 
$
(0.11)
 
$
(0.04)
 
Proforma
 
$
(0.20)
 
$
(0.11)
 
$
(0.06)