Acquisitions (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the purchase price to the fair value of the assets acquired and liabilities assumed in the 2014 Acquisitions (in thousands):



	Software Advice		Other Acquisitions (1)		Total
Assets:
Cash	$	1,450	$	3,203	$	4,653
Fees receivable and other current assets	3,606		3,694		7,300
Property, equipment, and leasehold improvements	235		170		405
Amortizable intangible assets (2)	26,928		5,047		31,975
Goodwill (3)	73,663		4,710		78,373
Total assets	$	105,882	$	16,824	$	122,706

Liabilities:
Accounts payable and accrued liabilities	$	2,657	$	4,484	$	7,141
Total liabilities	$	2,657	$	4,484	$	7,141

Net assets acquired (4)	$	103,225	$	12,340	$	115,565


(1)	Includes the SircleIT Inc. and Market-Visio acquisitions.


(2)	See Note 1 - Business and Significant Accounting Policies for additional information regarding the types and amounts of amortizable intangibles recorded from the 2014 Acquisitions.

(3)

During 2014, and subsequent to the 2014 Acquisitions, the Company recorded certain working capital, tax, and other minor adjustments which decreased the recorded goodwill resulting from the Market-Visio and SircleIT Inc. acquisitions by approximately $0.1 million and $0.2 million, respectively. In addition, the recorded amount of an amortizable intangible asset resulting from the Software Advice acquisition was reduced by $2.7 million and goodwill was increased by the same amount due to a change in the underlying assumptions used to value the amortizable intangible asset based on the consideration of additional information that became available.


(4)	The Company paid $114.6 million in cash on a gross basis for the net assets acquired through December 31, 2014. On a net basis, and for cash flow reporting, the Company paid $109.9 million in cash through December 31, 2014, which represents the $114.6 million in cash paid on a gross basis minus the $4.7 million of cash acquired from the purchased companies.