2010 10-K: Part II We did not transfer any investments between levels of the fair value  hierarchy in 2010 or 2009. Based on our analysis of the nature and  risks of our investments in equity securities and mutual funds, we  have determined that presenting these investment categories each  in the aggregate is appropriate. Goodwill of $5,534,000 represents the premium we paid over the  fair value of the net tangible and intangible assets acquired with  this acquisition. We paid this premium for a number of reasons,  including the strategic benefits of creating a larger analyst team  that will enable us to expand our coverage of Australian-listed  companies, provide Australian clients with more robust independent  research, and give us the potential to expand our services in mul- tiple delivery channels. We are in the process of determining what  portion of the value assigned to intangible assets, if any, is deduct- ible for income tax purposes. We completed several acquisitions over the past three years, which  we describe below: In April 2010, we acquired Aegis Equities Research, a leading provider  of independent equity research in Australia, for $10,717,000 in cash,  net of cash acquired. We began including the financial results of  this acquisition in our Consolidated Financial Statements on April  1, 2010. The following table summarizes our preliminary allocation  of the purchase price to the estimated fair values of the assets  acquired and liabilities assumed at the date of acquisition: In April 2010, we acquired Old Broad Street Research Ltd. (OBSR)  for $16,754,000 in cash, net of cash acquired. OBSR is a premier  provider of fund research, ratings, and investment consulting services  in the United Kingdom and offers an array of customized consulting  services including model portfolios, advice on fund construction,  and corporate governance services that are used by many of the  leading financial advisers and fund platforms. We began including  the financial results of this acquisition in our Consolidated Financial  Statements on April 12, 2010. The following table summarizes our allocation of the purchase price  to the estimated fair values of the assets acquired and liabilities  assumed at the date of acquisition. The preliminary allocation includes $5,801,000 of acquired intan- gible assets, as follows: 116 ($000) Cash and cash equivalents $ 4,632 Accounts receivable and other current assets  986 Other non-current assets  449 Intangible assets  9,266 Goodwill   12,422 Deferred revenue  (2,633) Accounts payable and accrued and other current liabilities   (1,342) Deferred tax liability—non-current   (2,317) Other non-current liabilities (77) Total purchase price  $ 21,386 Weighted  Average Useful Life  ($000)  (years) Customer-related assets  $ 1,879  10 Technology-based assets   3,253  6 Intellectual property (trademarks and trade names)  46  1 Non-competition agreement  623  3 Total intangible assets  $ 5,801  7 ($000) Cash and cash equivalents $  51 Investments  55 Accounts receivable  229 Other non-current assets  62 Intangible assets  5,801 Goodwill  5,534 Deferred revenue (617) Other current and non-current liabilities (347) Total purchase price  $10,768 2010 Acquisitions Aegis Equities Research Old Broad Street Research Ltd. 7. Acquisitions, Goodwill, and Other Intangible Assets