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Business Acquisitions (Tables)
9 Months Ended
Sep. 30, 2018
Business Acquisitions  
Schedule allocation of the total purchase consideration for the acquisition

The following table summarizes our preliminary allocation of the purchase price consideration based on the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition (net of cash acquired), all of which are preliminary pending completion of the final valuation:

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

(in thousands)

 

Acquired tangible assets

 

$

1,873

 

Acquired intangible assets

 

 

16,100

 

Liabilities assumed

 

 

(3,998)

 

Goodwill

 

 

39,879

 

Total purchase price consideration

 

$

53,854

 

Summary of Acquired Intangible Assets as well as Respective Amortization Periods

 

 

 

 

 

 

 

 

Estimated Fair Value

 

Weighted Average Amortization Period

Identifiable Intangible Assets

 

(in thousands)

 

(Years)

Customer relationships

$

10,000

 

7

Technology

 

5,900

 

4

Trademarks

 

200

 

3

 

$

16,100

 

 

 

Summary of Unaudited Pro Forma Amounts

 

 

 

 

 

 

 

 

 

Nine months ended

 

 

September 30, 

 

    

2018

    

2017

 

 

(in thousands)

Revenue

 

$

153,049

 

$

142,636

Net loss

 

 

(7,112)

 

 

(5,187)

Basic net loss per share

 

 

(0.18)

 

 

(0.13)

Diluted net loss per share

 

 

(0.18)

 

 

(0.13)

Shares used in computing basic and diluted net loss per share

 

 

39,924

 

 

39,792