Acquisitions

12 Months Ended

Dec. 31, 2014

Acquisition [Abstract]

Acquisition

(4) Acquisitions

In May 2014, the Company purchased the remaining 49% interest in the stock of Zenara.  The Company negotiated an accelerated purchase of the business, which was contractually required to be completed in 2016 at a price that would have been determined by the financial performance of the Zenara business.  The purchase price negotiated for the 49% was $2,680.  Management believed it was economically beneficial to take control of the business to accelerate the execution of the Company’s strategy for the business.  The Company recorded $655 for the identifiable net liabilities of Zenara at fair market value, intangible assets of $4,900, a deferred tax liability related to the intangible asset of $1,666 and goodwill of $9,715.   The Company incurred acquisition related costs of $460 for the year ended December 31, 2014. These costs were expensed and included in “Selling, general and administrative expenses” in the Company’s income statement.  Proforma financial information is not required as this acquisition is not material.  Refer to Note 8 for further disclosure.