Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.7.0.1
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2017
ShippingEasy [Member]  
Business Acquisition [Line Items]  
Allocation of the Purchase Price
The total net purchase price for the ShippingEasy acquisition was allocated to the assets acquired and the liabilities assumed based on their fair values. The following table is the final allocation of the purchase price (in thousands, except years):

 
Fair Value
   
Fair Value
   
Useful Life
(In Years)
   
Weighted
Average
Estimated
Useful Life
(In Years)
 
Trade accounts receivable
 
$
1,194
                   
Other assets
   
76
                   
Property and equipment
   
40
                   
Goodwill
   
40,953
                   
Identifiable intangible assets:
                         
Trade name
         
$
1,304
     
8
       
Developed technology
           
6,948
     
5
       
Customer relationships
           
6,316
     
5
       
Non-compete agreements
           
1,111
   
3 to 5
       
Total identifiable intangible assets
   
15,679
                     
5
 
Accrued expenses and other liabilities
   
(707
)
                       
Deferred revenue
   
(185
)
                       
Deferred tax liability
   
(1,603
)
                       
Total purchase price
   
55,447
                         
Less: settlement of preexisting relationship (accounts receivable)
   
1,194
                         
Purchase price, net of settlement
 
$
54, 253