Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.7.0.1
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2017
Business Combinations [Abstract]  
Allocated Purchase Price
 
Axiometrics
 
AUM
 
(in thousands)
Restricted cash
$

 
$
7,637

Accounts receivable
1,642

 
2,183

Property, equipment, and software
416

 
341

Intangible assets:
 
 
 
Developed product technologies
15,500

 
10,800

Client relationships
6,830

 
7,470

Trade names
3,200

 
208

Non-compete agreements

 
3,920

Goodwill
54,154

 
45,292

Other assets
273

 
1,149

Accounts payable and accrued liabilities
(368
)
 
(1,630
)
Client deposits held in restricted accounts

 
(7,637
)
Deferred revenue
(7,115
)
 
(321
)
Other long-term liabilities
(774
)
 

Total purchase price
$
73,758

 
$
69,412

The allocation of each purchase price, including the effects of measurement period adjustments, was as follows:
 
NWP
 
AssetEye
 
eSupply
 
(in thousands)
Restricted cash
$
4,960

 
$

 
$

Accounts receivable
7,902

 
90

 
287

Property, equipment, and software
3,194

 

 

Intangible assets:
 
 
 
 
 
Developed product technologies
2,740

 
1,638

 
2,160

Client relationships
12,900

 
1,041

 
1,390

Trade names
709

 
6

 
35

Goodwill
33,520

 
3,154

 
3,194

Deferred tax assets, net
11,173

 

 

Other assets, net of other liabilities
3,065

 
8

 
53

Accounts payable and accrued liabilities
(6,962
)
 

 
(44
)
Client deposits held in restricted accounts
(5,018
)
 

 

Deferred revenue

 
(16
)
 
(29
)
Deferred tax liabilities, net

 
(1,010
)
 

Total purchase price
$
68,183

 
$
4,911

 
$
7,046

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 periods presented, or of future results.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
Pro Forma
 
2016
Pro Forma
 
2017
Pro Forma

 
2016
Pro Forma

 
(in thousands, except per share amounts)
Total revenue
$
167,862

 
$
153,831

 
$
330,106

 
$
293,167

Net income
6,222

 
351

 
12,647

 
1,483

Net income per share:
 
 
 
 
 
 
 
Basic
$
0.08

 
$

 
$
0.16

 
$
0.02

Diluted
$
0.08

 
$

 
$
0.15

 
$
0.02