Business Combination (Tables)

3 Months Ended

Mar. 31, 2016

Mascus International Holdings BV [Member]

Schedule of Assets Acquired and Liabilities Assumed

		February 19, 2016
Purchase price	$	29,597
Fair value of contingent consideration		3,432
Non-controlling interest (1)		488
Total fair value at Mascus Acquisition Date		33,517
Fair value of assets acquired:
Cash and cash equivalents	$	1,785
Trade and other receivables		1,290
Prepaid expenses		453
Property, plant and equipment		104
Intangible assets (2)		14,817
Fair value of liabilities assumed:
Trade and other payables		1,533
Other non-current liabilities		37
Deferred tax liabilities		2,683
Fair value of identifiable net assets acquired		14,196
Goodwill acquired on acquisition	$	19,321

(1) The Company acquired 100% of Mascus and within the Mascus group of entities there are two subsidiaries that are not wholly-owned. As such, the Company acquired non-controlling interests.  The fair value of the non-controlling interest was determined using an income approach based on entity cash flows attributable to non-controlling interest.

(2) Intangible assets consist of customers relationships with an amortization period of 17 years and trade names with indefinite lives.

Xcira LLC [Member]

Schedule of Assets Acquired and Liabilities Assumed

		November 4, 2015
Purchase price	$	12,359
Non-controlling interest		4,119
Total fair value at Xcira acquisition date		16,478
Assets acquired:
Cash and cash equivalents	$	252
Trade and other receivables		1,382
Prepaid expenses		62
Property, plant and equipment		314
Other non-current assets		11
Intangible assets ~		4,300
Liabilities assumed:
Trade and other payables		502
Fair value of identifiable net assets acquired		5,819
Goodwill acquired on acquisition	$	10,659