Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions (Notes)

v3.8.0.1
Business Acquisitions (Notes)
3 Months Ended
Mar. 31, 2018
Business Combinations [Abstract]  
Mergers, Acquisitions and Dispositions Disclosures [Text Block]
SCA. On March 1, 2018, the Company acquired Strategic Crisis Advisors LLC (“SCA”) for $1.3 million to be paid in two installments. The purchase price includes $0.8 million in contingent consideration that is dependent upon SCA meeting predetermined revenue targets for the twelve months following the acquisition date. The Company performed a preliminary fair value analysis and the purchase price was allocated to the acquired assets and liabilities based on their fair value resulting in no goodwill being recorded.
Purchase Price Allocation. The allocation of the purchase price for the Company’s acquisition for the three months ended March 31, 2018 was as follows (in thousands):
Trade and other receivables
$
453

Intangible Assets
950

Accounts payable and other accrued liabilities(1)
(1,477
)
Other current liabilities
(5
)
Purchase price(2)
$
(79
)
______________________
(1)
Includes $1.3 million of consideration to be paid in two installments.
(2)
Purchase price is net of cash acquired totaling $0.1 million.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
Purchase Price Allocation. The allocation of the purchase price for the Company’s acquisition for the three months ended March 31, 2018 was as follows (in thousands):
Trade and other receivables
$
453

Intangible Assets
950

Accounts payable and other accrued liabilities(1)
(1,477
)
Other current liabilities
(5
)
Purchase price(2)
$
(79
)
______________________
(1)
Includes $1.3 million of consideration to be paid in two installments.
(2)
Purchase price is net of cash acquired totaling $0.1 million