Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.5.0.2
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Allocated Purchase Price
The preliminary allocation of the purchase price is as follows:
 
NWP
 
AssetEye
 
eSupply
 
(in thousands)
Restricted cash
$
4,960

 
$

 
$

Accounts receivable
7,902

 
90

 
259

Property, equipment, and software
3,194

 

 

Intangible assets
16,349

 
2,685

 
3,585

Goodwill
35,292

 
3,154

 
3,216

Deferred tax assets, net
10,154

 

 

Other assets, net of other liabilities
3,065

 
8

 
71

Accounts payable and accrued liabilities
(6,589
)
 

 
(147
)
Client deposits held in restricted accounts
(5,294
)
 

 

Deferred revenue

 
(16
)
 
(29
)
Deferred tax liabilities, net

 
(1,010
)
 

Total purchase price
$
69,033

 
$
4,911

 
$
6,955

We allocated the purchase price of Indatus and VRX as follows:
 
 
Indatus
 
VRX
 
 
(in thousands)
Accounts receivable
 
$
646

 
$

Intangible assets:
 
 
 
 
Developed product technologies
 
13,400

 
794

Client relationships
 
9,770

 
11

Trade names
 
83

 

Goodwill
 
25,575

 
1,186

Net other liabilities
 
(57
)
 

Total purchase price
 
$
49,417

 
$
1,991

Pro Forma Financial Information
We prepared the pro forma financial information for the combined entities for comparative purposes only, and it is not indicative of what actual results would have been if the acquisitions had occurred at the beginning of the presented period, or of future periods. Pro forma results are presented in thousands, except per share amounts.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
Pro Forma
 
2015
Pro Forma
 
2016
Pro Forma
 
2015
Pro Forma
 
(in thousands, except per share amounts)
Total revenue:
$
143,191

 
$
132,121

 
$
281,959

 
$
259,812

Net income (loss)
1,937

 
(4,213
)
 
4,509

 
(6,798
)
Net income (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.03

 
$
(0.05
)
 
$
0.06

 
$
(0.09
)
Diluted
$
0.03

 
$
(0.05
)
 
$
0.06

 
$
(0.09
)