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Acquisitions, Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2015
Consideration Transferred | The total consideration transferred follows (in thousands):
Cash consideration, |  | $ | 21,170 |
Value of common stock issued |  |  | 4,000 |
Estimated fair value of contingent consideration |  |  | 1,370 |
Total consideration transferred |  | $ | 26,540 |
Components and Allocation of Purchase Price | The components and allocation of the purchase price consists of the following amounts (in thousands):
Accounts receivable |  | $ | 1,647 |
Inventory |  |  | 1,003 |
Other current assets |  |  | 184 |
Fixed assets |  |  | 85 |
Customer relationships |  |  | 6,400 |
Developed technology |  |  | 2,000 |
In process research and development (“IPR&D”) |  |  | 1,600 |
Trademark and trade name |  |  | 700 |
Accounts payable and other liabilities assumed |  |  | (431 | )
Goodwill |  |  | 13,352 |
Net assets acquired |  | $ | 26,540 |
Unaudited Supplemental Pro Forma Information | The following table presents unaudited supplemental pro forma information for the three- and nine-month periods ended September 30, 2014, as if the Refine Acquisition had occurred as of January 1, 2014.
|  | (in thousands, except per share amounts) |
|  | Three months ended September 30, 2014 |  |  | Nine months ended September 30, 2014 |
Total revenue |  | $ | 15,278 |  |  | $ | 50,937 |
Net income |  |  | 1,848 |  |  |  | 9,890 |
Earnings per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.04 |  |  | $ | 0.29 |
Diluted |  | $ | 0.04 |  |  | $ | 0.28 |
Other Intangible Assets - Finite-Lived | Other intangible assets consisted of the following at September 30, 2015:
(In thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted Average Useful Life (in years) |
Technology – developed |  | $ | 3,295 |  |  | $ | (953 | ) |  |  | 12 |
In process research and development |  |  | 1,600 |  |  |  | — |  |  |  | — |
Patents |  |  | 240 |  |  |  | (170 | ) |  |  | 8 |
Customer relationships |  |  | 11,804 |  |  |  | (3,362 | ) |  |  | 9 |
Trademark/ tradename |  |  | 700 |  |  |  | — |  |  |  | — |
Total other intangible assets |  | $ | 17,639 |  |  | $ | (4,485 | ) |  |  | 10 |
Other intangible assets consisted of the following at December 31, 2014:
(In thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted Average Useful Life (in years) |
Technology – developed |  | $ | 3,338 |  |  | $ | (750 | ) |  |  | 12 |
In process research and development |  |  | 1,600 |  |  |  | — |  |  |  | — |
Patents |  |  | 240 |  |  |  | (148 | ) |  |  | 8 |
Customer relationships |  |  | 12,202 |  |  |  | (2,546 | ) |  |  | 9 |
Trademark/ tradename |  |  | 700 |  |  |  | — |  |  |  | — |
Total other intangible assets |  | $ | 18,080 |  |  | $ | (3,444 | ) |  |  | 10 |
Schedule of Amortization Expense for Amortized Intangible Assets | In each of the next five years, the Company expects to record amortization expense (in thousands) of:
Years Ending |  | Amortization Expense |
December 31, 2015 (three months remaining) |  | $ | 443 |
December 31, 2016 |  |  | 1,703 |
December 31, 2017 |  |  | 1,703 |
December 31, 2018 |  |  | 1,539 |
December 31, 2019 |  |  | 1,524 |
December 31, 2020 |  |  | 1,202 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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