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Business Combinations (Tables)
3 Months Ended
Dec. 31, 2015
Creagh Medical Ltd [Member]  
Business Acquisition [Line Items]  
Summary of Purchase Price

The purchase price of Creagh Medical consisted of the following:

 

(Dollars in thousands)

 

 

 

 

Cash paid

 

$

18,417

 

Debt assumed

 

 

793

 

Contingent consideration

 

 

9,064

 

Total purchase price

 

 

28,274

 

Less cash and cash equivalents acquired

 

 

(251

)

Total purchase price, net of cash acquired

 

$

28,023

 

 

Schedule of Purchase Price to the Fair Values Assigned to the Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the purchase price to the fair values assigned to the assets acquired and the liabilities assumed at the date of the Creagh Medical acquisition:

 

 

 

Fair Value

(Dollars in thousands)

 

Estimated Useful Life

(In years)

Current assets

 

$

708

 

N/A

Property and equipment

 

 

634

 

1.0-10.0

Trade name

 

 

75

 

N/A

Developed technology

 

 

1,787

 

7.0

In-process research and development

 

 

942

 

N/A

Customer relationships

 

 

11,119

 

7.0-10.0

Other noncurrent assets

 

 

81

 

N/A

Current liabilities

 

 

(923

)

N/A

Deferred tax liabilities

 

 

(9

)

N/A

Net assets acquired

 

 

14,414

 

 

Goodwill

 

 

13,609

 

N/A

Total purchase price, net of cash acquired

 

$

28,023

 

 

 

NorMedix, Inc. [Member]  
Business Acquisition [Line Items]  
Summary of Purchase Price

The purchase price of NorMedix consisted of the following:

 

(Dollars in thousands)

 

 

 

 

Cash paid

 

$

7,000

 

Contingent consideration

 

 

3,740

 

Total purchase price

 

 

10,740

 

Less cash and cash equivalents acquired

 

 

(17

)

Total purchase price, net of cash acquired

 

$

10,723

 

 

 

 

 

 

 

Schedule of Purchase Price to the Fair Values Assigned to the Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the preliminary purchase price to the fair values assigned to the assets acquired and the liabilities assumed at the date of the NorMedix acquisition:

 

 

 

Fair Value                     (Dollars in thousands)

 

Estimated Useful Life (In years)

Net current assets

 

$

46

 

N/A

Property and equipment

 

 

76

 

N/A

Developed technology

 

 

6,850

 

10.0-14.0

Customer relationships

 

 

900

 

4.0

Deferred tax asset

 

 

544

 

N/A

Other noncurrent asset

 

 

12

 

N/A

Deferred tax liabilities

 

 

(2,474

)

N/A

Net assets acquired

 

 

5,954

 

 

Goodwill

 

 

4,769

 

N/A

Total purchase price, net of cash acquired

 

$

10,723

 

 

 

Creagh Medical and NorMedix [Member]  
Business Acquisition [Line Items]  
Schedule of Pro Forma Financial Information

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

(In thousands, except per share data)

(Unaudited)

 

Revenue

 

$

17,643

 

 

$

14,796

 

Net income

 

$

4,189

 

 

$

2,263

 

 

 

 

 

 

 

 

 

 

Per share amounts:

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.32

 

 

$

0.17

 

Diluted net income per share

 

$

0.32

 

 

$

0.17