Acquisition (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary fair value of the assets and liabilities is as follows:



	Estimated Fair Value (in thousands)
Tangible assets	$	2,674
Intangible assets	20,936
Total assets acquired	23,610
Deferred purchase price	(6,813		)
Liabilities assumed	(3,528		)
Cash paid, net of cash acquired	$	13,269

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The purchase price was based on the projected business growth and cash flows over the next several years and indicated a value that was in excess of the current net book value of the business, resulting in the recognition of various identifiable intangible assets and goodwill as follows:



	Estimated Fair Value (in thousands)		Estimated Useful Lives
Customer contracts	$	5,165	5 to 12 years
Trademarks	440		8 years
Developed technology	1,649		6 years
Goodwill	13,682		Indefinite life
	$	20,936