Business Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2017

Summary of the allocation of the aggregate fair values of the assets acquired and purchase price for the associate migrations

Our purchase price allocation was as follows (in thousands):



Cash and cash equivalents	$	28
Accounts receivable, net	207
Other current assets	92
Intangible assets	6,178
Goodwill	2,286
Fixed assets, net	98
Accounts payable	(121		)
Deferred revenue	(370		)
Other current liabilities	(757		)
Total consideration paid	$	7,641
Contingent consideration⁽¹⁾	(3,832		)
Total cash paid	$	3,809

⁽¹⁾ In the fourth quarter of 2017, we reduced the earnout liability by $2.1 million. At December 31, 2017, the balance was $2.0 million.

Our purchase price allocation was as follows (in thousands):



Accounts receivable, net	$	1,621
Commissions receivable	48
Prepaid expenses	109
Other current assets, net	6
Intangible assets	10,923
Goodwill	3,554
Fixed assets, net	323
Accounts payable	(125		)
Accrued commissions	(537		)
Total consideration paid	$	15,922
Contingent consideration	(5,954		)
Total cash paid	$	9,968

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

The intangible assets acquired were as follows (in thousands):



	Fair Value		Remaining useful life
Customer relationships	$	9,556	14 years
Non-compete	1,232		4 years
Trademarks	135		4 years
	$	10,923

The intangible assets acquired were as follows (in thousands):



	Fair Value		Remaining useful life
Trademarks	$	163	4 years
Patents	114		1 year
Software	5,901		4 years
Total intangible assets	$	6,178

Business acquisition, revenues and loss from continuing operations since acquisition and pro forma information

Our unaudited pro forma results presented below, including Lavante, for the years ended December 31, 2016 and 2015 are presented as if the acquisition had been completed on January 1, 2015. 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 Lavante acquisition been completed on January 1, 2015. In addition, the unaudited pro forma information does not purport to project future operating results.



	Year Ended December 31,
(in thousands)	2016		2015
Unaudited pro forma revenue	143,198		140,994
Unaudited pro forma net (loss) income from continuing operations	(3,418	)	(5,516	)

Our unaudited pro forma results presented below, including C&CA, for the years ended December 31, 2017 and 2016 are presented as if the acquisition 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 information does not purport to project future operating results.



	Year Ended December 31,
(in thousands)	2017	2016
Unaudited pro forma revenue	162,459	155,626
Unaudited pro forma net income from continuing operations	3,886	5,365