Acquisition and Disposition (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of estimated fair value of the assets acquired

The following table summarizes the consideration paid and the amounts of estimated fair value of the assets acquired and liabilities assumed at the acquisition date:



(in thousands)
Cash consideration per purchase agreement	$	30,245
Estimated fair value of contingent consideration	17,940
Fair value of total consideration	$	48,185



(in thousands)
Recognized amounts of tangible assets and liabilities:
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 deferred tax adjustment of $2,298)	41,845
Total	$	50,484

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

A reconciliation of the beginning and ending accrued balances of the contingent consideration from the acquisition date to the period ended June 30, 2016 follows:



(in thousands)	Fair Value
Contingent consideration at acquisition date	$	17,940
Accretion of interest	3,366
Adjustment to fair value	$	(247	)
Accrued earnout liability as of June 30, 2016	$	21,059