Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.4.0.3
Acquisitions (Tables)
 3 Months Ended
Mar. 31, 2016
Business Combinations [Abstract]  
Allocated Purchase Price
We preliminarily 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

The preliminary allocation of the purchase price is as follows, in thousands:
 
NWP
Restricted cash
$
4,960

Accounts receivable
7,902

Property, equipment, and software
3,194

Intangible assets
16,349

Goodwill
35,292

Deferred tax assets, net
10,154

Net other assets
3,065

Accounts payable and accrued liabilities
(6,589
)
Client deposits held in restricted accounts
(5,294
)
Total purchase price
$
69,033

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 March 31,
 
2016
Pro Forma
 
2015
Pro Forma
 
 
 
 
Total revenue:
$
138,131

 
$
127,193

Net income (loss)
2,755

 
(2,585
)
Net income (loss) per common share:
 
 
 
Basic
$
0.04

 
$
(0.03
)
Diluted
$
0.04

 
$
(0.03
)