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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of the allocation of the preliminary purchase price as of the acquisition date

The following table summarizes the preliminary allocation of the purchase price as of the acquisition date:

(In thousands)
Cash						$	331,783
Accounts receivable						149,632
Other current assets						12,988
Other noncurrent assets						20,974
Identifiable intangible assets						754,000
Goodwill						1,464,084
Accounts payable						(150,099)
Accrued expenses						(63,809)
Other noncurrent liabilities						(11,493)
Deferred revenue						(1,522)
Deferred tax liabilities, net						(186,046)
Total consideration						$	2,320,492

Schedule of pro forma information

The following unaudited pro forma consolidated operating results information has been prepared as if the acquisition of NIC had occurred on January 1, 2020, after giving effect to certain adjustments, including amortization of intangibles, interest, transaction costs and tax effects.

						Three Months Ended June 30,												Six Months Ended June 30,
						2021						2020						2021						2020
Revenues						$	433,739					$	364,680					$	862,181					$	732,340
Net income						$	19,934					$	53,567					$	59,160					$	80,299
Basic earnings per share						$	0.49					$	1.34					$	1.45					$	2.01
Diluted earnings per share						$	0.47					$	1.29					$	1.40					$	1.93

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

No definition available.

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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472

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