Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Net Assets Acquired in Business Acquisitions

The following table summarizes the fair value of the consideration transferred, net assets acquired and liabilities assumed as a result of the acquisitions that occurred during 2015 and 2014:



	December 31,
(in thousands)	2015			2014
Fair value of total consideration transferred
Cash	$	13,380		59,514
Equity instruments	—			—
Contingent earn-out consideration arrangement (net)	516			4,312
Previous cash consideration in investment of CurePet	—			2,000
Cash consideration offset against open receivable balances due to Ebix, Inc. from CurePet	—			1,350
Total	$	13,896		$	67,176

Fair value of assets acquired and liabilities assumed
Cash	$	905		$	323
Other current assets	3,509			5,263
Property, plant, and equipment	312			670
Other long term assets	11			54
Intangible assets	10,836			6,872
Deferred tax liability	(4,015		)	(1,040		)
Current and other liabilities	(4,431		)	(13,469		)
Net assets acquired, excludes goodwill	7,127			(1,327		)

Goodwill	6,769			68,503

Total net assets acquired	$	13,896		$	67,176

Schedule of Identified Intangible Assets Acquired as Part of Business Acquisitions

The following table summarizes the separately identified intangible assets acquired as a result of the acquisitions that occurred during 2015 and 2014:



	December 31,
	2015			2014
			Weighted Average			Weighted Average
Intangible asset category	Fair Value		Useful Life	Fair Value		Useful Life
	(in thousands)		(in years)	(in thousands)		(in years)
Customer relationships	$	10,762	8.9	$	5,275	9.9
Developed technology	74		2.3	1,236		4.2
Non-compete agreements	—		0.0	226		7.0
Trademarks	—		0.0	135		5.5
Total acquired intangible assets	$	10,836	8.9	$	6,872	8.8

Schedule of Intangible Assets, Future Amortization Expense

Estimated aggregate future amortization expense for the intangible assets recorded as part of the business acquisitions described above and other prior acquisitions is as follows:



Estimated Amortization Expenses (in thousands):
For the year ending December 31, 2016	$	7,853
For the year ending December 31, 2017	7,368
For the year ending December 31, 2018	6,601
For the year ending December 31, 2019	6,458
For the year ending December 31, 2020	5,893
Thereafter	17,675

	$	51,848