Business Acquisitions (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of recognized identified assets acquired and liabilities assumed

The preliminary allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed is presented below (in thousands):



Accounts receivable, net	$	1,611
Unbilled revenue	8
Commissions receivable	48
Prepaid expenses	78
Goodwill	8,801
Net fixed assets	323
Other current assets	12
Total assets	10,881
Accounts payable	342
Accrued commissions	507
Taxes payable	44
Total liabilities	893
Total purchase price	$	9,988

Business acquisition, pro forma information

The revenue and earnings from continuing operations of C&CA from the acquisition date through June 30, 2017 are presented below and included in our consolidated statements of operations. These amounts are not necessarily indicative of the results of operations that C&CA would have realized if it had continued to operate as a stand-alone company during the period presented, primarily due to costs that are now reflected in our unallocated corporate costs and not allocated to C&CA.



Revenue (in thousands)	$	4,650
Earnings from operations (in thousands)	$	1,242

As required by ASC 805, the following unaudited pro forma statements of operations for the six months ended June 30, 2017 and 2016 give effect to the C&CA acquisition as if it had been completed on January 1, 2016. The unaudited pro forma financial information is presented for illustrative purposes only and is not necessarily indicative of what the operating results actually would have been during the periods presented had the C&CA acquisition been completed on January 1, 2016. In addition, the unaudited pro forma financial information does not purport to project future operating results. This information is preliminary in nature and subject to change based on final purchase price adjustments. The pro forma statements of operations do not reflect: (1) any anticipated synergies (or costs to achieve synergies) or (2) the impact of non-recurring items directly related to the C&CA acquisition.



	Six months ended
	June 30, 2017			June 30, 2016
Revenue from continuing operations (pro forma)	$	72,918		$	73,919
Income (loss) from continuing operations (pro forma)	$	(2,843	)	$	1,145

Lavante [Member]

Business Acquisition [Line Items]

Schedule of recognized identified assets acquired and liabilities assumed

The preliminary allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed is presented below (in thousands):




Cash and cash equivalents	$	28
Account receivables	207
Other current assets	92
Goodwill	2,286
Intangible assets	6,178
Fixed assets	98
Total assets	8,889
Accounts payable	121
Deferred revenue	370
Other current liabilities	757
Total liabilities	1,248
Total purchase price	$	3,809

Business acquisition, pro forma information

As required by ASC 805, the following unaudited pro forma statements of operations for the six months ended June 30, 2016 give effect to the Lavante acquisition as if it had been completed on January 1, 2016. The unaudited pro forma financial information is presented for illustrative purposes only and is not necessarily indicative of what the operating results actually would have been during the period presented had the Lavante acquisition been completed on January 1, 2016. In addition, the unaudited pro forma financial information does not purport to project future operating results. This information is preliminary in nature and subject to change based on final purchase price adjustments. The pro forma statements of operations do not reflect: (1) any anticipated synergies (or costs to achieve synergies) or (2) the impact of non-recurring items directly related to the Lavante acquisition.



	Six months ended June 30, 2016
Revenue from continuing operations (pro forma)	$	67,891
Loss from continuing operations (pro forma)	$	(2,982	)

Schedule of finite-lived intangible assets acquired as part of business combination

Our estimates of the fair values of identifiable intangible assets are presented below (in thousands):



	Fair values at October 31, 2016		Remaining useful lives (in months)
Trademarks	$	163	48
Patents	114		12
Software	5,901		48
Total intangible assets	$	6,178