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Acquisition and Disposition (Tables)
6 Months Ended
Jun. 30, 2015
Acquisition and Disposition  
Schedule of estimated fair value of the assets acquired

 

                                                                                                                                                                                     

(in thousands)

 

 

 

Cash consideration per purchase agreement

 

$

30,245 

 

Estimated fair value of contingent consideration

 

17,940 

 

 

 

 

 

Fair value of total consideration transferred

 

$

48,185 

 

 

 

 

 

 

 

(in thousands)

 

 

 

Recognized amounts of tangible assets and liabiities:

 

 

 

Current assets

 

$

4,135

 

Property and equipment

 

164

 

Other assets

 

389

 

Current liabilities

 

(822

)

Other liabilities

 

 

 

 

 

 

Total tangible assets and liabilities:

 

3,866

 

Identifiable intangible assets

 

4,773

 

Goodwill (including deferrred tax adjustment of $2,298)

 

41,844

 

 

 

 

 

Total

 

$

50,483

 

 

 

 

 

 

 

Schedule of reconciliation of beginning and ending balances of contingent earnout consideration

 

 

 

 

 

(in thousands)

 

Fair Value

 

Contingent consideration at acquisition date

 

$

17,940 

 

Accretion of interest

 

861 

 

 

 

 

 

Accrued earnout liability as of June 30, 2015

 

$

18,801