ACQUISITION OF RIVIERAWAVES (Tables)

12 Months Ended

Dec. 31, 2015

(a)

Consideration transferred:


Cash	$	14,678
Fair value of Contingent Consideration		3,434

Total	$	18,112

Schedule of Purchase Price Allocation to Net Tangible and Intangible Assets Based on their Estimated Fair Values

(b)

Under business combination accounting, the total purchase price was allocated to RivieraWaves’ net tangible and intangible assets based on their estimated fair values as set forth below. The excess of the purchase price over the net tangible and identifiable intangible assets was recorded as goodwill.


Cash and cash equivalents	$	1,189
Bank deposits		1,384
Other assets		2,898
Intangible assets		6,161
Goodwill		10,114

Total assets		21,746
Current liabilities		(2,201	)
Deferred tax liabilities, net		(1,433	)

Total liabilities		(3,634	)
Total	$	18,112

Components of Intangible Assets Associated with Acquisition

The following table sets forth the components of intangible assets associated with the RivieraWaves acquisition:


	Fair value
Core technologies (1)	$	5,796
Customer relationships (2)		272
Customer backlog (3)		93

Total intangible assets	$	6,161

(1)	Core technologies represent a combination of RivieraWaves’ processes and trade secrets related to the design and development of its products. This proprietary know-how can be leveraged to develop new technology and improve the Company’s products and is amortized using the straight line method.

(2)	Customer relationships represent the underlying relationships and agreements with RivieraWaves’ installed customer base and are amortized using the straight line method.

(3)	Customer backlog represents an order or production backlog arises from contracts or sales orders and are amortized using the straight line method.