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Business Combination (Tables) - Providigm, LLC [Member]

9 Months Ended

Sep. 30, 2019

A summary of the purchase price is as follows (in thousands):

Cash paid at closing	$	14,368
Cash held in escrow		3,650
Total consideration paid	$	18,018

Summary of Preliminary Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair value of the assets acquired and liabilities assumed as of the date of acquisition (in thousands):

Accounts and unbilled receivable, net	$	960
Prepaid assets		847
Property and equipment		50
Operating lease right-of-use assets		1,233
Other assets		49
Deferred tax assets		104
Goodwill		11,395
Intangible assets		5,950
Accounts payable and accrued liabilities		(1,196	)
Deferred revenue		(141	)
Operating lease liabilities		(1,233	)
Net assets acquired	$	18,018

Summary of Preliminary Components of Identifiable Intangible Assets and Estimated Useful Lives

The following table sets forth the preliminary components of identifiable intangible assets and their estimated useful lives as of the acquisition date (in thousands):

	Preliminary Fair Value		Useful life
Customer relationships	$	3,500	12 years
Developed technology		2,200	5 years
Trade Name		250	7 years
Total preliminary intangible assets subject to amortization	$	5,950

Summary of Revenue and Operating Income (Loss) Included in Company's Condensed Consolidated Statements of Income since the Date of Acquisition

The amounts of revenue and operating income (loss) of Providigm included in the Company’s Condensed Consolidated Statements of Income since the date of acquisition of January 10, 2019 for the three and nine months ended September 30, 2019 are as follows (in thousands):

	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Revenues, net	$	1,862	$	5,199
Operating income (loss)	$	30	$	(458	)

Summary of Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information summarizes the combined results of continuing and discontinued operations of the Company, unless otherwise noted, and Providigm as though the companies were combined as of January 1, 2018 (in thousands, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Total revenues	$	62,450	$	62,502	$	191,728	$	182,102
Income from continuing operations	$	3,461	$	3,222	$	10,696	$	10,320
Net income	$	3,712	$	3,222	$	12,141	$	29,427
Net income per share - basic	$	0.11	$	0.10	$	0.38	$	0.91
Net income per share - diluted	$	0.11	$	0.10	$	0.38	$	0.91