Business Combinations (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table represents the allocation of the purchase price to the assets acquired and the liabilities assumed by the Company during each acquisition, respectively, reconciled to the purchase price transferred included in the Company's Consolidated Balance Sheet:



	Aesynt		Ateb (preliminary)		Total
	(In thousands)
Cash	$	8,164	$	902	$	9,066
Accounts receivable	43,312		7,905		51,217
Inventory	19,021		225		19,246
Other current assets	3,787		1,239		5,026
Total current assets	74,284		10,271		84,555
Property and equipment	10,389		2,447		12,836
Intangible assets	123,700		12,500		136,200
Goodwill	163,599		20,832		184,431
Other non-current assets	968		1,009		1,977
Total assets	372,940		47,059		419,999
Current liabilities	26,753		2,314		29,067
Deferred revenue, net	25,512		2,776		28,288
Non-current deferred tax liabilities	38,622		—		38,622
Other non-current liabilities	2,431		367		2,798
Total liabilities	93,318		5,457		98,775
Total purchase price	279,622		41,602		321,224
Total purchase price, net of cash received	$	271,458	$	40,700	$	312,158

Intangible assets acquired and their respective estimated remaining useful lives over which each asset will be amortized are as follows:



	Mach4			Avantec
	Fair value		Weighted average useful life	Fair value		Weighted average useful life
	(In thousands)		(In years)	(In thousands)		(In years)
Developed technology	$	3,290	8	$	—	—
Trade name	850		6	92		2
Customer relationships	3,570		10	5,834		12
Backlog	—		—	415		2
Total purchased intangible assets	$	7,710		$	6,341



	Mach4		Avantec		Total
	(In thousands)
Cash	$	397	$	3,392	$	3,789
Accounts receivable	3,743		3,607		7,350
Inventory	3,580		1,428		5,008
Deferred tax assets and other current assets	368		89		457
Total current assets	8,088		8,516		16,604
Property and equipment	463		—		463
Intangibles	7,710		6,341		14,051
Goodwill	10,591		15,606		26,197
Other non-current assets	52		—		52
Total assets	26,904		30,463		57,367
Current liabilities	3,684		4,125		7,809
Non-current deferred tax liabilities	2,564		1,269		3,833
Deferred service revenue and gross profit	2,314		928		3,242
Other non-current liabilities	1,056		—		1,056
Total liabilities	9,618		6,322		15,940
Total purchase price	17,286		24,141		41,427
Total purchase price, net of cash received	$	16,889	$	20,749	$	37,638

Intangible Assets Acquired

The identifiable intangible assets acquired and their estimated useful lives for amortization are as follows:



	Aesynt			Ateb (preliminary)
	Fair value		Weighted average useful life	Fair value		Weighted average useful life
	(In thousands)		(In years)	(In thousands)		(In years)
Customer relationships	$	58,200	14-16	$	8,900	12
Developed technology	38,800		8	3,400		5
Backlog	20,200		1-3	—		-
In-process research and development ("IPR&D") ⁽¹⁾	3,900		-	—		-
Non-compete	1,800		3	100		1
Trade names	800		1	100		1
Total purchased intangible assets	$	123,700		$	12,500

⁽¹⁾The amortization of the in-process R&D assets begins when the in-process R&D projects are complete.

Business Acquisition, Pro Forma Information

The pro forma adjustments include the impact of fair value adjustment related to deferred revenue, inventory fair value adjustment, amortization of intangible assets, stock-based compensation expense, interest expense and amortization of deferred issuance cost, and certain classification to conform to Omnicell's accounting policies.



	Twelve months ended December 31,
	2016			2015
	(In thousands, except per share data)
Pro forma net revenues	$	718,439		$	522,317
Pro forma net income (loss)	$	(1,330	)	$	1,978
Pro forma net income (loss) per share	$	(0.04	)	$	0.05

Weighted average number of shares	36,156			36,699