Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.8.0.1
Acquisitions (Tables)
9 Months Ended
Sep. 30, 2017
Business Combinations [Abstract]  
Allocated Purchase Price
The preliminary allocation of each purchase price, including the effects of measurement period adjustments recorded as of September 30, 2017, was as follows:
 
Axiometrics
 
AUM
 
On-Site
 
(in thousands)
Restricted cash
$

 
$
5,954

 
$
3,357

Accounts receivable
1,620

 
2,409

 
5,570

Property, equipment, and software
416

 
319

 
4,489

Intangible assets:
 
 
 
 
 
Developed product technologies
15,500

 
10,800

 
14,811

Client relationships
6,830

 
7,470

 
21,230

Trade names
3,200

 
208

 
4,160

Non-compete agreements

 
3,920

 

Goodwill
54,174

 
44,935

 
206,342

Other assets
273

 
1,208

 
276

Accounts payable and accrued liabilities
(367
)
 
(1,156
)
 
(1,348
)
Client deposits held in restricted accounts

 
(6,334
)
 
(3,357
)
Deferred revenue
(7,115
)
 
(321
)
 
(711
)
Other long-term liabilities
(774
)
 

 

Deferred tax liability

 

 
(1,400
)
Total purchase price
$
73,757

 
$
69,412

 
$
253,419

The allocation of each purchase price 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 September 30,
 
Nine Months Ended September 30,
 
2017
Pro Forma
 
2016
Pro Forma
 
2017
Pro Forma

 
2016
Pro Forma

 
(in thousands, except per share amounts)
Total revenue
$
181,463

 
$
170,455

 
$
537,296

 
$
485,887

Net income
6,650

 
1,753

 
19,191

 
805

Net income per share:
 
 
 
 
 
 
 
Basic
$
0.08

 
$
0.02

 
$
0.24

 
$
0.01

Diluted
$
0.08

 
$
0.02

 
$
0.23

 
$
0.01