Quarterly report pursuant to Section 13 or 15(d)

Acquisition of TLL, LLC (Tables)

v3.3.1.900
Acquisition of TLL, LLC (Tables)
9 Months Ended
Oct. 31, 2015
Business Combinations [Abstract]  
Summary of Preliminary Allocation of Purchase Price

The preliminary allocation of the purchase price is as follows (amounts in thousands):

 

Fair value of consideration:

  

Cash, net of cash acquired

   $ 14,186   

Closing stock consideration

     3,019   

Deferred stock consideration

     6,543   

Contingent consideration

     504   
  

 

 

 

Total purchase price

   $ 24,252   
  

 

 

 

Fair value of assets acquired and liabilities assumed:

  

Current assets

     249   

Other long-term assets

     108   

Finite-life intangible assets

     6,720   

Goodwill

     17,246   

Current liabilities

     (71
  

 

 

 

Allocated purchase price

   $ 24,252   
  

 

 

 

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