Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

The following table summarizes the consideration paid for acquisitions in 2016 (in thousands):

Fair value of assets acquired	$	5,843
Fair value of liabilities assumed		1,525
Total purchase price	$	4,318

Allocation of purchase price:
Cash	$	2,581
Common stock		1,737
Total purchase price	$	4,318

Cash consideration paid	$	2,581
Less: cash acquired		(96	)
Cash consideration paid, net of cash acquired	$	2,485

The Company’s allocation of the purchase price is summarized as follows (in thousands):

Assets:
Cash and cash equivalents	$	73
Accounts receivable		99
Income tax receivable		103
Prepaids and other current assets		311
Equipment and improvements		30
Intangible assets		670
Goodwill		1,991
Total assets	$	3,277
Liabilities:
Accounts payable	$	223
Accrued liabilities		421
Deferred revenue		486
Deferred tax liability		147
Total liabilities	$	1,277
Total purchase price	$	2,000

The Company’s allocation of the purchase price is summarized as follows (in thousands):

Assets:
Cash and cash equivalents	$	23
Short term investments		1
Accounts receivable		156
Prepaids and other current assets		8
Intangible assets		683
Goodwill		1,695
Total assets	$	2,566
Liabilities:
Accounts payable	$	13
Accrued liabilities		64
Deferred tax liability		171
Total liabilities	$	248
Total purchase price	$	2,318