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Acquisitions (Tables)
3 Months Ended
Mar. 31, 2015
Summary of Final Amounts for Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the final amounts for the fair values of the assets acquired and liabilities assumed at the acquisition date of July 8, 2014 (in thousands):

 

     July 8, 2014  

Current assets, including cash and cash equivalents

   $ 1,722   

Property, plant and equipment

     577   

Identifiable intangible assets – customer relationships

     1,930   

Long term deposits

     28   

Goodwill

     2,929   
  

 

 

 

Total assets acquired

  7,186   

Current liabilities

  (1,180

Long-term liabilities

  (98
  

 

 

 

Net assets acquired

$ 5,908   
  

 

 

 
Estimated Amortization Expense

The estimated amortization expense related to amortizable intangible assets for each of the five succeeding fiscal years and thereafter as of March 31, 2015 is as follows (in thousands):

 

Year Ending December 31,

      

Remainder of 2015

   $ 278   

2016

     371   

2017

     371   

2018

     371   

2019

     371   

2020

     371   

Thereafter

     1,986   
  

 

 

 

Total

$ 4,119   
  

 

 

 
Summary of Unaudited Pro-forma Information

The following unaudited pro forma information (in thousands) have been provided for illustrative purposes only and are not necessarily indicative of results that would have occurred had the Acquisition been in effect since January 1, 2013, nor are they necessarily indicative of future results.

 

     Three Months Ended
March 31, 2014
 

Revenue

   $ 20,529   

Net (loss)

     (566

(Loss) per share

  

Basic

   $ (0.01

Diluted

   $ (0.01
Path Logic [Member]  
Estimated Amortization Expense

The estimated amortization expense related to the acquired intangible assets for each of the five succeeding fiscal years and thereafter as of March 31, 2015 is as follows (in thousands):

 

Year Ending December 31,

      

Remainder of 2015

   $ 111   

2016

     148   

2017

     148   

2018

     148   

2019

     148   

2020

     148   

Thereafter

     971   
  

 

 

 

Total

$ 1,822