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Business Acquisitions (Tables)
6 Months Ended
Jun. 30, 2019
Business Acquisitions  
Schedule allocation of the total purchase consideration for the acquisition

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

(in thousands)

 

Acquired tangible assets

 

$

2,700

 

Acquired identifiable intangible assets

 

 

17,900

 

Liabilities assumed

 

 

(6,041)

 

Goodwill

 

 

39,295

 

Total purchase price consideration

 

$

53,854

 

Summary of Acquired Intangible Assets as well as Respective Amortization Periods

 

 

 

 

 

 

 

 

Estimated Fair Value

 

Weighted Average Amortization Period

Identifiable Intangible Assets

 

(in thousands)

 

(Years)

Customer relationships

$

11,800

 

7

Technology

 

5,900

 

4

Trademarks

 

200

 

3

 

$

17,900

 

 

 

Summary of Unaudited Pro Forma Amounts

These unaudited pro forma results are not necessarily indicative of the actual consolidated results of operations had the acquisition actually occurred on January 1, 2017 or of the future results of operations of the consolidated entities (in thousands except per share data):

 

 

 

 

 

 

 

 

 

 

    

2018

 

 

 

 

Revenue

 

$

98,922

Net loss

 

 

(3,335)

Basic net loss per share

 

 

(0.08)

Diluted net loss per share

 

 

(0.08)

Shares used in computing basic and diluted net loss per share

 

 

39,902