Acquisitions Thinklogical Holdings, LLC We acquired 100% of the outstanding ownership interest in Thinklogical Holdings, LLC (Thinklogical) on May 31, 2017 for cash of $171.3 million . Thinklogical designs, manufactures, and markets high-bandwidth fiber matrix switches, video, and keyboard/video/mouse extender solutions, camera extenders, and console management solutions. Thinklogical is headquartered in Connecticut. The results of Thinklogical have been included in our Consolidated Financial Statements from May 31, 2017, and are reported within the Broadcast Solutions segment. The following table summarizes the estimated, preliminary fair values of the assets acquired and the liabilities assumed as of May 31, 2017 (in thousands): Cash $ 5,376 Receivables 4,355 Inventory 16,424 Prepaid and other current assets 320 Property, plant, and equipment 4,289 Goodwill 71,394 Intangible assets 73,400 Total assets 175,558 Accounts payable 1,231 Accrued liabilities 1,353 Deferred revenue 1,702 Total liabilities 4,286 Net assets $ 171,272 A single estimate of fair value results from a complex series of judgments about future events and uncertainties and relies heavily on estimates and assumptions. The judgments we have used in estimating the preliminary fair values assigned to each class of acquired assets and assumed liabilities could materially affect the results of our operations. The preliminary fair value of acquired receivables is $4.4 million , which is equivalent to its gross contractual amount. For purposes of the above allocation, we based our estimate of the preliminary fair values for the acquired inventory, intangible assets, and deferred revenue on a preliminary valuation study performed by a third party valuation firm. We have estimated a preliminary fair value adjustment for inventories based on the estimated selling price of the work-in-process and finished goods acquired at the closing date less the sum of the costs to complete the work-in-process, the costs of disposal, and a reasonable profit allowance for