The purchase price was allocated to the fair market value of assets acquired and liabilities assumed, as follows (in thousands): In the second quarter of fiscal 2001, the Company acquired the outstanding stock of Broner Systems (Broner) and certain assets of an internet-based trading company. These acquisitions were accounted for as purchase transactions, and accordingly, the results of operations from the dates of acquisition are included in the Company's consolidated condensed statements of operations commencing as of the acquisition dates. Total purchase price for these acquisitions were approximately $10.9 million, consisting of $9.5 million in cash, $0.9 million in shares of the Company stock, and $0.5 million in acquisition-related costs. Broner specializes in advanced planning and scheduling software specifically designed for the metals industry. The purchase prices were allocated to the fair market value of assets acquired and liabilities assumed, as follows (in thousands): On June 15, 2001, the Company acquired the technology assets of the Houston Consulting Group and the process applications division of CPU, a New Orleans-based consulting firm. These acquisitions were accounted for as purchase transactions, and accordingly, the results of operations from the dates of acquisition are included in the Company's consolidated condensed statements of operations commencing as of the acquisition dates. Total purchase price for these acquisitions was approximately $20.3 million, consisting of $17.5 million in shares of the Company's stock, $1.2 million in cash, $0.8 million in stock options held by employees, as valued under the provisions of FIN 44, and $0.8 million in acquisition-related costs. Description Amount Life Purchased in-process research and development $ 5,000 — Goodwill 7,011 6 years Acquired technology 7,000 6 years Other intangibles 300 2 years 19,311 Net fair value of tangible assets acquired, less liabilities assumed 8,340 27,651 Less—Deferred taxes 2,701 Total purchase price $24,950 Description Amount Life Purchased in-process research and development $ 2,615 — Acquired technology 4,400 3-5 years Goodwill 2,631 5-7 years Other intangibles 780 3 years 10,426 Net fair value of tangible assets acquired, less liabilities assumed 1,904 12,330 Less—Deferred taxes 1,434 Total purchase price $10,896 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 52