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Acquisitions, Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Consideration Transferred

The total consideration transferred follows (in thousands):

Cash consideration, less $66 of working capital adjustments		$	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 as if the Refine Acquisition had occurred as of January 1, 2013 (in thousands, except per share data):

		December 31, 2014				December 31, 2013
Total revenue		$	67,330,000			$	76,331,000
Net income			9,493,000				16,403,000
Earnings per share:
Basic		$	0.28			$	0.58
Diluted		$	0.27			$	0.56

Changes in Carrying Value of Goodwill

The changes in the carrying value of goodwill for the year ended December 31, 2015 is as follows (in thousands):

Balance at December 31, 2014		$	14,185
Adjustments to goodwill arising from Refine acquisition			161
Balance at December 31, 2015		$	14,346

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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.

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