eFax 2015 Annual Report Download - page 51
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consideration is recorded as an other long-term liability on the consolidated balance sheet at December 31, 2015. Finally, with the acquisition of Salesify, acquired on September 17,
2015 (see Note 3 - Business Acquisitions), contingent consideration of up to an aggregate of $17.0 million may be payable upon achieving certain future income thresholds and was
determined to have a fair value of $5.6 million at December 31, 2015 which was recorded as an other long-term liability on the consolidated balance sheet.
We have not presented the contingent consideration (excluding $20 million associated with the acquisition of Ookla) in the table above due to the uncertainty of the amounts
and timing of cash settlement.
Off-Balance Sheet Arrangements
We are not party to any material off-balance sheet arrangements.
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