Acquisition (Tables)

6 Months Ended

Jun. 30, 2016

Business Acquisition, Pro Forma Information [Table Text Block]



	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Revenue	$	76,501	$	77,787	$	150,643	$	155,046
Net income	$	3,876	$	3,585	$	7,091	$	8,532
Net income per share - diluted	$	0.03	$	0.03	$	0.06	$	0.07

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The total consideration from the business combination was allocated as follows:



	Total
	(in thousands)
Cash	$	12,056
Accounts receivable	6,563
Property and equipment	524
Other tangible assets	1,462
Identified intangible assets	59,700
Goodwill	47,239
Accounts payable and accrued liabilities	(5,996		)
Deferred income taxes	(15,556		)
Deferred revenue	(1,313		)
Total	$	104,679

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The identified intangible assets assumed in the acquisition of SCS were recognized as follows based upon their estimated fair values as of the acquisition date:



	Total		Estimated Weighted Average Useful Life
	(in thousands)		(in years)
Existing technology	$	24,600	6
Customer contracts and contractual relationships (1)	35,100		6
Total	$	59,700

(1) Includes favorable contracts of $8.3 million with an estimated useful life of 5 years. The favorable contracts are acquired software and service agreements where the Company has no performance obligations. Cash received from these acquired favorable contracts reduces the favorable contract intangible asset.