Note 24 Business Combinations LaserBand LLC. On July 13, 2012, Zebra acquired all of the outstanding membership interests in LaserBand LLC (a Missouri limited liability company) for a cash purchase price of $59,874,000, included in this amount is cash acquired of $1,431,000. As part of the acquisition closing, an escrow balance of approximately $8,700,000 was established against the total purchase price. LaserBand LLC is based in St. Louis, Missouri, and is a leader in patient identification wristbands and related products. LaserBand strengthens Zebra s product and patent portfolio and enables Zebra to offer a wider array of products to hospitals, other healthcare organizations and other wristband customers. The consolidated financial statements include the operating results of LaserBand from the date of acquisition. Pro forma results have not been presented because the effect of the acquisition is not material to the company s financial results. The following table (in thousands) summarizes the estimated fair values of the assets acquired and the liabilities assumed at the date of acquisition: As of July 13, 2012 Current assets $ 7,017 Property and equipment 46 Other assets 17 Goodwill 24,353 Other intangibles 29,560 Total assets acquired $ 60,993 Current liabilities 1,119 Net assets acquired $ 59,874 On a preliminary basis pending the receipt of final valuations, the purchase price was allocated to identifiable tangible and intangible assets acquired and liabilities assumed based on their estimated fair values resulting in goodwill of $24,353,000. The intangible assets of $29,560,000 consist of the following (in thousands): Amount Useful life Current technology $ 6,260 5 years Patents and patent rights 4,580 7 years Customer relationships 18,720 5 to 9 years Acquired other intangibles $ 29,560 The goodwill is deductible for tax purposes. StepOne Systems. On December 21, 2012, Zebra acquired StepOne Systems for a cash purchase price of $1,543,000, included in this amount is cash acquired of $110,000. The cash pu