XML 46 R29.htm IDEA: XBRL DOCUMENT v3.7.0.1
Acquisition of eSignLive (Tables)
12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Schedule of Purchase Consideration Allocated to Assets and Liabilities Based on Estimated Acquisition-date Fair Values

Purchase consideration has been allocated to assets and liabilities based on estimated acquisition-date fair values and are summarized in the following table:

 

     as initially
reported on
December 31,
2015
     Measurement
Period
Adjustments
     as adjusted  

Tangible assets and liabilities

        

Cash

   $ 514      $ 96      $ 610  

Accounts receivable, net

     4,471        (615      3,856  

Other current assets

     4,234        (19      4,215  

Property and equipment

     416        24        440  

Current liabilities

     (16,896      1,576        (15,320

Other non-current liabilities

     (8,070      5,731        (2,339

Intangible assets

     30,000        17,400        47,400  

Goodwill

     60,331        (24,419      35,912  
  

 

 

    

 

 

    

 

 

 

Net assets acquired

   $ 75,000      $ (226    $ 74,774  
  

 

 

    

 

 

    

 

 

 

Summary of Acquired Intangible Assets as well as Respective Amortization Periods

The following table summarizes acquired intangible assets, as well as the respective amortization periods:

 

     Estimated
Fair  Value
     Amortization
Period
(Years)
 
     (000s)         

Identifiable Intangible Assets

     

Tradenames

   $ 2,400        10  

Technology

     10,000        5  

Non-compete agreements

     8,000        5  

Customer Relationships

     27,000        12  
  

 

 

    
   $ 47,400     
  

 

 

    
Summary of Unaudited Pro Forma Amounts
     Year Ended December 31,  
     2015      2014  

Revenue

   $ 256,416      $ 212,595  

Net income

   $ 28,059      $ 14,729