Acquisitions (Tables)

12 Months Ended

Dec. 31, 2016

The following table summarizes the consideration paid for Alveda, the total acquisition related costs incurred by the Company during 2015 in connection with the acquisition, and the fair values of the assets acquired and liabilities assumed (amounts in thousands):



Consideration:
Fair value of total consideration transferred	$	35,418

Acquisition-related costs* :	$	2,256

Estimated fair value of identifiable assets acquired and liabilities assumed:
Accounts receivable	$	911
Inventories	2,673
Prepaid expenses and other current assets	4
Property and equipment	6
Goodwill, deductible	440
Developed Technology	24,858
In-process research and development	3,816
Customer relationships	3,615
Accounts payable and other assumed liabilities	(661		)
Deferred tax liability	(244		)

*At closing, the Company also paid $5.2 million related to Canadian goods and services tax (GST) and the harmonized sales tax (HST), which is not included in the above table as consideration or acquisition related costs, and all amounts have been refunded in 2016.

Finite-Lived and Indefinite-Lived Intangible Assets Acquired

The following sets forth the major categories of the Company’s intangible assets acquired from Alveda and the weighted-average remaining amortization period as of December 31, 2015 for those assets that are not already fully amortized (dollar amounts in thousands):



	Gross Carrying Amount at 12/31/15	Accumulated Amortization at 12/31/15		Net Carrying Amount at 12/31/15	Weighted Average Remaining Amortization Period
Technology	25,243	(210	)	25,033	14.9 years
In-process research and development ("IPR&D")	3,875	—		3,875	N/A - Indefinite lived
Customer relationships	3,460	(43	)	3,417	9.9 years
Total	32,578	(253	)	32,325

Pro Forma Information

The following pro forma information presents the results of operations for the years ended December 31, 2015, and December 31, 2014, as if the Alveda acquisition occurred on January 1, 2014:



	(amounts in thousands, except for per share amounts)
	For the Years Ended
	December 31, 2015			December 31, 2014
Total Revenue	$	55,767		$	47,284
Net income	$	8,443		$	6,525
Basic earnings per share	$	0.16		$	0.13
Diluted earnings (loss) per share	$	(0.04	)	$	0.11