Annual report pursuant to Section 13 and 15(d)

Acquisition of Kulu Valley, Ltd (Tables)

v2.4.1.9
Acquisition of Kulu Valley, Ltd (Tables)
 12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
Preliminary purchase accounting allocation of total purchase price
The following table summarizes the purchase accounting allocation of the total purchase price to Kulu’s net tangible and intangible assets, with the residual allocated to goodwill (in thousands).
Aggregate purchase price, net of cash acquired
$
15,118

Less: discount applied to Qumu Corporation stock for trade restrictions
(527
)
Net transaction consideration
$
14,591

Current assets
$
1,494

Property and equipment
140

Intangible assets
6,663

Goodwill
8,795

Current liabilities
(1,170
)
Net deferred tax liabilities
(1,331
)
Total net assets acquired
$
14,591