Acquisitions (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value of Intangible Assets Acquired and Related Weighted Average Amortization Period

The Company identified $2.6 million of other intangible assets, including customer relationships and trademarks/names, with amortization periods of three to 10 years. The following table summarizes the fair value of intangible assets acquired at the date of acquisition and the related weighted average amortization period:

Intangible Assets	Weighted average amortization period	Fair Value
	(in years)	(in thousands)
Customer relationships	10	$	1,856
Trademarks/Names	3		713
Total		$	2,569

Business Acquisition, Pro Forma Information

Unaudited Pro Forma Financial Information

The unaudited pro forma financial information in the table below summarizes the combined results of operations for GSE, True North, and Absolute as if the business combinations had occurred on January 1, 2017.

	Three months ended June 30,				Six months ended June 30,
	2018		2017		2018		2017
	(unaudited and in thousands)

Revenue	$	25,892	$	30,413	$	50,763	$	57,768
Net income (loss)		615		459		(1,368)		(512)

True North Consulting, LLC [Member]

Business Acquisition [Abstract]

Consideration Paid For Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid to acquire True North and the preliminary fair value of the assets acquired and liabilities assumed at the date of the transaction. Due to the recent completion of the acquisition, the Company recorded the assets acquired and liabilities assumed at their preliminary estimated fair value. As of June 30, 2018, the Company had not finalized the determination of the fair value allocated to various assets and liabilities, including, but not limited to, contract receivables, prepaid expenses and other current assets, intangible assets, accounts payable, accrued expenses, accrued compensation and the residual amount allocated to goodwill. The following amounts except for cash are all reflected in the consolidated statement of cash flows within the "Acquisition of True North, net of cash acquired" line caption.

(in thousands)

Total purchase price	$	9,941

Purchase price allocation:
Cash		150
Contract receivables		2,345
Prepaid expenses and other current assets		4
Property, and equipment, net		1
Intangible assets		3,911
Accounts payable, accrued expenses		(1,420)
Accrued compensation		(137)
Total identifiable net assets		4,854
Goodwill		5,087
Net assets acquired	$	9,941

Absolute Consulting, Inc. [Member]

Business Acquisition [Abstract]

Consideration Paid For Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid to acquire Absolute and the fair value of the assets acquired and liabilities assumed at the date of the transaction.

(in thousands)

Total purchase price	$	9,521

Purchase price allocation:
Cash	$	455
Contract receivables		5,121
Prepaid expenses and other current assets		68
Property, and equipment, net		184
Intangible assets		2,569
Accounts payable, accrued expenses, and other liabilities		(78)
Accrued compensation		(1,617)
Total identifiable net assets		6,702
Goodwill		2,819
Net assets acquired	$	9,521