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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Summary of Acquisition Date Fair Value of Consideration

 

The acquisition date fair value of the consideration for the above transaction consisted of the following as of February 15, 2018:

 

(amounts in thousands)

 

 

 

 

Cash consideration

 

$

16,910

 

Fair value of contingent consideration

 

 

1,997

 

Fair value of purchase consideration

 

$

18,907

 

Summary of Allocation of Aggregate Purchase Consideration to Fair Values of Assets Acquired and Liabilities Assumed

The following tables summarizes the allocation of the aggregate purchase consideration to the fair values of the assets acquired and liabilities assumed as of February 15, 2018:

 

(amounts in thousands)

 

 

 

Assets Acquired:

 

 

 

Cash

$

4,059

 

Accounts receivable

 

5,551

 

Prepaids & other

 

243

 

Property & equipment, net

 

53

 

Acquired intangibles

 

7,238

 

Goodwill

 

12,720

 

Total assets acquired

$

29,864

 

 

 

 

 

Liabilities Assumed:

 

 

 

Accounts payable

$

4,085

 

Accrued compensation

 

2,669

 

Other short-term liabilities

 

2,006

 

Deferred income taxes

 

1,827

 

Other long-term liabilities

 

370

 

Total liabilities assumed

$

10,957

 

Net assets acquired

$

18,907

 

Summary of Intangible Assets Acquired

The intangible assets acquired in this acquisition consisted of the following:

 

(amounts in thousands)

 

Fair Value

 

 

Estimated

Economic Life

Trademarks

 

$

749

 

 

2 years

Customer relationships

 

 

6,489

 

 

13 years

Fair value of purchase consideration

 

$

7,238