Quarterly report pursuant to Section 13 or 15(d)

Acquisition of TLL, LLC (Tables)

v2.4.1.9
Acquisition of TLL, LLC (Tables)
3 Months Ended
Apr. 30, 2015
Business Combinations [Abstract]  
Summary of Preliminary Allocation of Purchase Price

The preliminary allocation of the purchase price is as follows (amounts in thousands, except for share data):

 

Fair value of consideration:

Cash, net of cash acquired

$ 14,186   

Closing stock consideration

  3,025   

Deferred stock consideration

  6,739   

Contingent consideration

  514   
  

 

 

 

Total purchase price

$ 24,464   
  

 

 

 

Fair value of assets acquired and liabilities assumed:

Current assets

  249   

Other long-term assets

  108   

Finite-life intangible assets

  6,720   

Goodwill

  17,453   

Current liabilities

  (66
  

 

 

 

Allocated purchase price

$ 24,464   
Components of Identified Intangible Assets Associated with Timeline Labs Acquisition and their Estimated Useful Lives

 The following table sets forth the components of the identified intangible assets associated with the Timeline Labs acquisition and their estimated useful lives:

 

     Useful life      Fair Value  
            (Amounts in thousands)  

Tradename

     7 years       $ 620   

Customer contracts

     7 years         4,760   

Non-compete agreements

     2 years         170   

Existing technology

     5 years         1,170   
     

 

 

 
$ 6,720