Acquisitions (Tables)

9 Months Ended

Sep. 30, 2017

The total consideration transferred follows (in thousands):


Cash consideration	$	122,932
Equity consideration		247,575
Working capital adjustment		955

Net assets acquired	$	371,462

Components and Allocation of Purchase Price

The components and allocation of the purchase price consists of the following amounts (in thousands):


Cash and cash equivalents	$	9,990
Accounts receivable		5,124
Inventory		13,774
Prepaid expenses and other assets		547
Fixed assets		6,015
Deferred tax assets		1,102
Customer relationships		78,400
Developed technology		38,560
Trademark and tradename		2,160
Non-competition agreements		960
Goodwill		265,084
Accounts payable		(1,142	)
Unrecognized tax benefit		(576	)
Accrued liabilities		(5,535	)
Deferred tax liabilities, net		(43,001	)

Fair value of net assets acquired	$	371,462

Unaudited Supplemental Pro Forma Information

The following table presents unaudited supplemental pro forma information as if the Spectrum Acquisition had occurred as of January 1, 2016 (in thousands, except per share data):


	Nine months ended September 30, 2017
Total revenue	$	121,301
Net income	$	14,994

Earnings per share:
Basic	$	0.36

Diluted	$	0.36

TangenX Technology Corporation

Consideration Transferred

The total consideration transferred follows (in thousands):


Cash consideration	$	37,532
Less: working capital adjustment		(382	)

Net assets acquired	$	37,150

Components and Allocation of Purchase Price

The components and allocation of the purchase price consists of the following amounts (in thousands):


Cash and cash equivalents	$	1,218
Accounts receivable		459
Other receivables		111
Inventory		936
Other current assets		50
Fixed assets, net		215
Customer relationships		6,192
Developed technology		6,044
Non-competition agreements		21
Trademark and trade name		11
Accounts payable and other liabilities assumed		(3,083	)
Deferred tax liabilities		(4,525	)
Goodwill		29,501

Net assets acquired	$	37,150

Atoll GmbH

Consideration Transferred

The total consideration transferred follows (in thousands):


Cash consideration, less $74 of working capital adjustments	$	10,176
Equity consideration		14,138
Estimated fair value of contingent consideration		952

Total consideration transferred	$	25,266

Components and Allocation of Purchase Price

The components and allocation of the purchase price consists of the following amounts (in thousands):


Cash and cash equivalents	$	1,409
Accounts receivable		697
Inventory		155
Other current assets		169
Fixed assets, net		114
Customer relationships		5,318
Developed technology		2,175
Non-competition agreements		57
Trademark and trade name		11
Deferred tax assets		885
Accounts payable and other liabilities assumed		(599	)
Deferred tax liabilities		(2,202	)
Goodwill		17,077

Net assets acquired	$	25,266