Business Acquisitions 2014 Acquisition OnPoint Consulting, Inc. ("OnPoint") On February 5, 2014 , the Company acquired 100% of the outstanding equity of OnPoint Consulting, Inc. ( OnPoint ), a technology consulting firm based in Arlington, Virginia, which provides enterprise systems and infrastructure services to federal government customers. The Company acquired OnPoint to expand its portfolio of government clients and contracts for application development cyber-security services and IT infrastructure services. The acquisition date fair value, net of cash acquired, was $12.8 million for the purchase of 100% of OnPoint s common stock. This total consisted of $12.5 million in cash paid upon closing (net of cash acquired). Of the cash amount paid, $0.8 million was placed into escrow, of which $0.3 million serves as security for any claims made by the Company under the terms of the escrow agreement between the Company and the former owners of OnPoint. The remaining amounts deposited into escrow were related to net working capital adjustments and were released from escrow during the three months ended June 30, 2014. Also, during the three months ended June 30, 2014, an additional $0.3 million was distributed to the former owners related to net working capital adjustments. Assets acquired and liabilities assumed were recorded at their estimated fair values as of the acquisition date. The fair values of identifiable intangible assets were based on valuations using the income approach and estimates provided by management. The excess of the purchase price over the tangible assets, identifiable intangible assets and assumed liabilities was recorded as goodwill. The fair values of goodwill, intangible assets and net assets acquired were approximately $1.7 million , $7.8 million , and $3.3 million , respectively. The Company believes the amount of goodwill is attributable to the workforce of the acquired business (which is not eligible for separate recognition as an identifiable intangible asset). All of the goodwill was al