Business Combinations (Tables) - IDV Solutions LLC

12 Months Ended

Dec. 31, 2017

Summary of Allocation of Purchase Consideration and Estimated Values of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase consideration and the estimated fair value of the assets acquired and the liabilities assumed for the acquisition of IDV made by the Company. The following table also summarizes the aggregate consideration for IDV as of December 31, 2017 (in thousands):

Assets acquired	IDV
Accounts receivable	$	1,462
Other assets		242
Property and equipment		174
Trade names		1,590
Acquired technology		2,490
Customer relationships		3,400
Non-compete arrangement		240
Goodwill		21,196
Total assets acquired	$	30,794
Liabilities assumed
Accounts payable and accrued expenses	$	347
Deferred revenue		4,060
Other liabilities		132
Net assets acquired	$	26,255
Consideration paid
Cash paid, net of cash acquired	$	21,235
Acquisition date fair value of contingent consideration		5,020
Total	$	26,255

Summary of Unaudited Pro Forma Combined Results of Operations

The following tables reflect the unaudited pro forma combined results of operations for the year ended December 31, 2017 and 2016 as if the acquisition of IDV had taken place on January 1, 2016.  The unaudited pro forma financial information includes the effects of certain adjustments, including the amortization of acquired intangible assets and the associated tax effect and the elimination of the Company’s and the acquiree’s non-recurring acquisition related expenses:

	Revenue		Net loss
Results of acquired business included in our twelve months    ended (in thousands):
For the year ended December 31, 2017 pro forma	$	104,889	$	(19,779	)
For the year ended December 31, 2016 pro forma	$	87,092	$	(12,533	)

	Year Ended December 31,
	2017			2016
Basic and diluted earnings per share pro forma	$	(0.71	)	$	(0.75	)