Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

Acquisitions (Tables)
6 Months Ended
Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of recognized identified assets acquired and liabilities assumed
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:

Preliminary Estimate
(in thousands)
Total tangible assets acquired, net of cash $ 2,032 
Total liabilities assumed (596)
Identifiable intangible assets 9,500 
Goodwill 21,858 
Total net assets acquired $ 32,794 
A summary of estimated intangible assets acquired, estimated useful lives and amortization method is as follows:

Preliminary Estimate
(in thousands)
Estimated Useful Life in Years Amortization Method
Proprietary technology $ 6,900  6 Straight-line
Customer list $ 2,600  14 Accelerated
Total intangible assets acquired $ 9,500