Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2016

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 2016 and 2015:



	December 31,
(in thousands)	2016			2015
Fair value of total consideration transferred
Cash	$	10,992		13,380
Equity instruments	2,763			—
Contingent earn-out consideration arrangement (net)	5,785			516
Previous cash and other consideration in investment of EbixHealth JV	8,000			—
Total consideration transferred	$	27,540		$	13,896

Fair value of equity components recorded (not part of consideration)
Gain on previously carried 40% equity interest in the EbixHealth JV	1,162			—
Recognition of noncontrolling interest of EbixHealth JV	11,223			—
Total equity components recorded	12,385			—

Total consideration transferred and equity components recorded	39,925			13,896

Fair value of assets acquired and liabilities assumed
Cash	$	2,333		$	905
Restricted cash	8,175			—
Other current assets	6,282			3,509
Property, plant, and equipment	842			312
Other long term assets	7			11
Intangible assets	(3,184		)	10,836
Deferred tax liability	1,972			(4,015		)
Current and other liabilities	(16,587		)	(4,431		)
Net assets acquired, excludes goodwill	(160		)	7,127

Goodwill	40,085			6,769

Total net assets acquired	$	39,925		$	13,896

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 2016 and 2015:



	December 31,
	2016				2015
				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	$	3,929		9.7	$	10,762	8.9
Developed technology	1,056			5.0	74		2.3
Purchase accounting adjustments for prior year acquisition (PB Systems)	(8,169		)	0.0	—		0.0
Total acquired intangible assets	$	(3,184	)	8.7	$	10,836	8.9

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 all other prior acquisitions is as follows:



Estimated Amortization Expenses (in thousands):
For the year ending December 31, 2017	$	7,049
For the year ending December 31, 2018	6,315
For the year ending December 31, 2019	6,078
For the year ending December 31, 2020	5,648
For the year ending December 31, 2021	5,081
Thereafter	11,165

	$	41,336