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Acquisition (Tables) (Auto USA [Member])
3 Months Ended
Mar. 31, 2015
Auto USA [Member]
 
Fair value of consideration transferred

 

    (in thousands)  
Cash (including a working capital adjustment of $44)   $ 10,044  
Convertible subordinated promissory note     1,300  
Warrant to purchase 69,930 shares of Company common stock     510  
    $ 11,854  

 

Fair value of assets and liabilities assumed

 

    (in thousands)  
Net identifiable assets acquired   $ 758  
Definite-lived intangible assets acquired     3,750  
Goodwill     7,346  
    $ 11,854  
Acquired intangible assets

 

 

 

Valuation Method

 

Estimated

Fair Value

   

Estimated

Useful Life (1)

 
      (in thousands)     (years)  
               
Non-compete agreement Discounted cash flow (2)   $ 90       2  
Customer relationships Excess of earnings (3)     2,660       5  
Trademark/trade names Relief from Royalty (4)     1,000       5  
     Total purchased intangible assets     $ 3,750