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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2019
Acquisitions [Abstract] |
Acquisitions | The following table summarizes the fair value of consideration transferred for the acquisitions disclosed above (in thousands):
|  | Innuvate |  |  | Treviso |  |  | L&W Holdings |  |  | Total |
Total cash consideration |  | $ | 17,587 |  |  | $ | 14,648 |  |  | $ | — |  |  | $ | 32,235 |
Shares issued in conjunction with acquisition |  |  | 5,863 |  |  |  | 69,252 |  |  |  | 25,000 |  |  |  | 100,115 |
Total consideration |  | $ | 23,450 |  |  | $ | 83,900 |  |  | $ | 25,000 |  |  |  | 132,350 |
Previously held equity interest in equity method Investments(1) |  |  | 8,748 |  |  |  | 30,281 |  |  |  | — |  |  |  | 39,029 |
Total |  | $ | 32,198 |  |  | $ | 114,181 |  |  | $ | 25,000 |  |  | $ | 171,379 |
(1) | The acquisitions of Innuvate and Treviso are considered step acquisitions, and accordingly, the Company remeasured its pre-existing 27% equity interest in Innuvate and 35% of Treviso immediately prior to completion of the acquisition to its estimated fair value of approximately $39.0 million. As a result of the remeasurement, the Company recorded a gain of approximately $13.6 million within other income (expense), during the first quarter of 2018, representing the excess of the approximate $39.0 million estimated fair value of its pre-existing 27% equity interest in Innuvate and 35% equity interest of Treviso over its transaction date carrying value of approximately $25.4 million.
The following table summarizes the fair value of the assets acquired for the acquisitions disclosed above (in thousands):
| Innuvate |  | Treviso |  | L&W Holdings |
Net assets acquired: | Life |  | Amount |  | Life |  | Amount |  | Life |  | Amount |
Total current assets |  |  | $ | 6,219 |  |  |  | $ | 19,659 |  |  |  | $ | 7,353 |
Fixed assets |  |  |  | 9,291 |  |  |  |  | 33,282 |  |  |  |  | 114 |
Customer list | 9 years |  |  | 5,100 |  | 9 years |  |  | 16,500 |  | 7 years |  |  | 6,500 |
Order backlog | 5 months |  |  | 200 |  | 10 months |  |  | 4,700 |  | 4 months |  |  | 900 |
Trademarks | 7 years |  |  | 900 |  | 6 years |  |  | 1,300 |  | 5 years |  |  | 600 |
Total current liabilities |  |  |  | (3,942 | ) |  |  |  | (3,740 | ) |  |  |  | (1,495 | )
Other non-current liabilities |  |  |  | — |  |  |  |  | — |  |  |  |  | (1,731 | )
Total identifiable net assets acquired |  |  |  | 17,768 |  |  |  |  | 71,701 |  |  |  |  | 12,241 |
Goodwill |  |  |  | 17,230 |  |  |  |  | 42,480 |  |  |  |  | 12,759 |
Fair value of noncontrolling interest |  |  |  | (2,800 | ) |  |  |  | — |  |  |  |  | — |
Total consideration and value to be allocated to net assets |  |  | $ | 32,198 |  |  |  | $ | 114,181 |  |  |  | $ | 25,000 |

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