Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Autoweb [Member]

Fair value of consideration transferred

	(in thousands)
Series B Preferred Stock	$	20,989
Series B Preferred warrants to purchase 148,240 shares of Series B Preferred Stock		2,542
Cash		279
Fair value of prior ownership in AutoWeb		4,016
	$	27,826

Fair value of assets and liabilities assumed

	(in thousands)
Net identifiable assets acquired:
Total tangible assets acquired	$	4,456
Total liabilities assumed		543
Net identifiable assets acquired		3,913
Definite-lived intangible assets acquired		17,690
Goodwill		5,954
	$	27,557

Acquired intangible assets

	Valuation Method	Estimated Fair Value		Estimated Useful Life (1)
		(in thousands)		(years)
Customer relationships	Excess of earnings (2)	$	7,470		4
Trademark/trade names	Relief from Royalty (3)		2,600		6
Developed technology	Excess of earnings (4)		7,620		7
Total purchased intangible assets		$	17,690

(1)	Determination of the estimated useful lives of the individual categories of purchased intangible assets was based on the nature of the applicable intangible asset and the expected future cash flows to be derived from such intangible asset. Amortization of intangible assets with definite lives is recognized over the shorter of the respective life of the agreement or the period of time the assets are expected to contribute to future cash flows.
(2)	The excess of earnings method estimates a purchased intangible asset's value based on the present value of the prospective net cash flows (or excess earnings) attributable to it. The value attributed to these intangibles was based on projected net cash inflows from existing contracts or relationships.
(3)	The relief from royalty method is an earnings approach which assesses the royalty savings an entity realizes since it owns the asset and isn’t required to pay a third party a license fee for its use.
(4)	The excess of earnings method estimates a purchased intangible asset's value based on the present value of the prospective net cash flows (or excess earnings) attributable to it. The method takes into account technological and economic obsolescence of the technology.

Unaudited pro forma consolidated results of operations

	Twelve Months Ended December 31, 2015		Twelve Months Ended December 31, 2014
	(in thousands)
Unaudited pro forma consolidated results:
Revenues	$	146,649	$	158,564
Net income	$	4,839	$	7,557

Dealix/Autotegrity [Member]

Fair value of assets and liabilities assumed

	(in thousands)
Net identifiable assets acquired:
Total tangible assets acquired	$	9,664
Total liabilities assumed		2,488
Net identifiable assets acquired		7,176
Definite-lived intangible assets acquired		7,655
Indefinite-lived intangible assets acquired		2,200
Goodwill		7,440
	$	24,471

Acquired intangible assets

	Valuation Method	Estimated Fair Value		Estimated Useful Life (1)
		(in thousands)		(years)
Customer relationships	Excess of earnings (2)	$	7,020		10
Trademark/trade names – Autotegrity	Relief from Royalty (3)		120		3
Trademark/trade names – UsedCars.com	Relief from Royalty (3)		2,200		Indefinite
Developed technology	Cost Approach (4)		515		3
Total purchased intangible assets		$	9,855

(1)	Determination of the estimated useful lives of the individual categories of purchased intangible assets was based on the nature of the applicable intangible asset and the expected future cash flows to be derived from such intangible asset. Amortization of intangible assets with definite lives is recognized over the shorter of the respective life of the agreement or the period of time the assets are expected to contribute to future cash flows.
(2)	The excess of earnings method estimates a purchased intangible asset's value based on the present value of the prospective net cash flows (or excess earnings) attributable to it. The value attributed to these intangibles was based on projected net cash inflows from existing contracts or relationships.
(3)	The relief from royalty method is an earnings approach which assesses the royalty savings an entity realizes since it owns the asset and isn’t required to pay a third party a license fee for its use.
(4)	The cost approach estimates the cost required to repurchase or reproduce the intangible assets. The method takes into account technological and economic obsolescence of the technology.

Unaudited pro forma consolidated results of operations

	Twelve Months Ended December 31, 2015		Twelve Months Ended December 31, 2014
	(in thousands)
Unaudited pro forma consolidated results:
Revenues	$	146,649	$	158,564
Net income	$	4,839	$	7,557

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 $1.0 million of Company common stock		510
	$	11,854

Fair value of assets and liabilities assumed

	(in thousands)
Net identifiable assets acquired	$	758
Long-lived intangible assets acquired		3,660
Goodwill		7,346
	$	11,764

Acquired intangible assets

	Valuation Method	Estimated Fair Value		Estimated Useful Life (1)
		(in thousands)		(years)
Customer relationships	Excess of earnings(2)	$	2,660		5
Trademark/trade names	Relief from Royalty(3)		1,000		5
Total purchased intangible assets		$	3,660

(1)	Determination of the estimated useful lives of the individual categories of purchased intangible assets was based on the nature of the applicable intangible asset and the expected future cash flows to be derived from such intangible asset. Amortization of intangible assets with definite lives are recognized over the shorter of the respective lives of the agreement or the period of time the assets are expected to contribute to future cash flows.
(2)	The excess of earnings method estimates a purchased intangible asset's value based on the present value of the prospective net cash flows (or excess earnings) attributable to it. The value attributed to these intangibles was based on projected net cash inflows from existing contracts or relationships.
(3)	The relief from royalty method is an earnings approach which assesses the royalty savings an entity realizes since it owns the asset and isn’t required to pay a third party a license fee for its use.

Advanced Mobile [Member]

Fair value of consideration transferred

	(in thousands)
Cash (including working capital adjustment of $70)	$	2,570
Contingent consideration		825
	$	3,395

Fair value of assets and liabilities assumed

	(in thousands)
Net identifiable assets acquired	$	90
Definite-lived intangible assets acquired		1,270
Goodwill		1,925
Net assets acquired	$	3,285

Acquired intangible assets

	Valuation Method	Estimated Fair Value		Estimated Useful Life (1)
		(in thousands)		(years)
Customer relationships	Excess of earnings (2)	$	450		2
Developed technology	Excess of earnings (2)		820		5
Total purchased intangible assets		$	1,270

(1)

Determination of the estimated useful lives of the individual categories of purchased intangible assets was based on the nature of the applicable intangible asset and the expected future cash flows to be derived from such intangible asset. Amortization of intangible assets with definite lives are recognized over the shorter of the respective lives of the agreement or the period of time the assets are expected to contribute to future cash flows.

(2)

The excess of earnings method estimates a purchased intangible asset’s value based on the present value of the prospective net cash flows (or excess earnings) attributable to it. The value attributed to these intangibles was based on projected net cash inflows from existing contracts or relationships.