Quarterly report pursuant to Section 13 or 15(d)

Business combinations (Tables)

v3.6.0.2
Business combinations (Tables)
3 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Schedule of assets and liabilities recorded in the Company's financial statements at their fair values at the acquisition date
Our allocation of fair value for the Ascend acquisition, updated through December 31, 2016, is shown below.
(dollars in thousands)
 
Updated through September 30, 2016
 
Adjustments
 
Updated through December 31, 2016
Cash consideration, net of cash acquired
 
$
44,069

 
$

 
$
44,069

 
 
 
 
 
 
 
Billed and unbilled receivables
 
$
4,069

 
$

 
$
4,069

Other assets
 
407

 

 
407

Property and equipment and other assets
 
707

 

 
707

Deferred income taxes
 

 
557

 
557

Intangible assets
 
22,300

 

 
22,300

Total identifiable assets acquired
 
27,483

 
557

 
28,040

Accounts payable and other liabilities
 
1,414

 

 
1,414

Deferred revenue
 
554

 

 
554

Total liabilities assumed
 
1,968

 

 
1,968

Net identifiable assets acquired
 
25,515

 
557

 
26,072

Goodwill
 
18,554

 
(557
)
 
17,997

Net assets acquired
 
$
44,069

 
$

 
$
44,069

Schedule of valuation of the intangible assets acquired
The valuation of the intangible assets acquired is summarized below:

(dollars in thousands)
 
Useful life
 
Fair value
Customer relationships
 
19 years
 
$
20,400

Trade name
 
8 years
 
1,700

Technology-based intangible assets
 
1 year
 
200

Total intangible assets
 
 
 
$
22,300