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Subsequent Event (Tables)
3 Months Ended
Mar. 31, 2019
Subsequent Events [Abstract]  
Schedule of Business Combination Consideration Transferred
Total consideration
to be
transferred is as follows (amounts in thousands):
 
Cash consideration
 
$
192,335
 
Equity consideration
 
 
48,000
 
Plus: estimated working capital adjustment
 
 
 
Fair value of net assets acquired
 
$
240,335
 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The allocation of purchase price is based on the fair value of assets acquired and liabilities based on the preliminary valuation. The components and allocation of the purchase price consists of the following amounts (amounts in thousands):
 
Cash and cash equivalents
 
$
7,693
 
Restricted cash
 
 
26,928
 
Accounts receivable
 
 
3,302
 
Inventory
 
 
2,976
 
Prepaid expenses and other current assets
 
 
31
 
Fixed assets
 
 
44
 
Customer relationships
 
 
57,390
 
Developed technology
 
 
28,390
 
Trademark and tradename
 
 
1,560
 
Non-competition agreements
 
 
520
 
Other assets
 
 
17
 
Goodwill
 
 
142,458
 
Accounts payable
 
 
(345
)
Accrued liabilities
 
 
(29,282
)
Deferred revenue
 
 
(1,176
)
Deferred tax liability
 
 
(171
)
Fair value of net assets acquired
 
$
240,335