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ACQUISITIONS (Tables) | 12 Months Ended
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May 31, 2016
Business Acquisition [Line Items] |
Business Acquisition, Pro Forma Information |
| Year Ended May 31,
| Unaudited
| 2016 |  | 2016 |  | 2015 |  | 2015
| (Actual) |  | (Pro forma) |  | (Actual) |  | (Pro forma)
| (in thousands, except per share data)
Total revenues | $ | 2,898,150 |  |  | $ | 3,993,974 |  |  | $ | 2,773,718 |  |  | $ | 3,668,851 |
Net income attributable to Global Payments | $ | 271,666 |  |  | $ | 234,632 |  |  | $ | 278,040 |  |  | $ | 149,900 |
The following unaudited pro forma information shows the results of our operations for year ended May 31, 2014 as if the PayPros acquisition had occurred June 1, 2012. The unaudited pro forma information is presented for information purposes only and is not necessarily indicative of what would have occurred if the acquisition had been made as of that date. The unaudited pro forma information is also not intended to be a projection of future results due to the integration of the acquired business.
| Year Ended May 31,
| Unaudited
| 2014 |  | 2014
| (Actual) |  | (Pro forma)
| (in thousands, except per share data)
Total revenues | $ | 2,554,236 |  |  | $ | 2,628,547 |
Net income attributable to Global Payments | $ | 245,286 |  |  | $ | 241,272 |
Heartland Payment Systems, Inc |
Business Acquisition [Line Items] |
Business Combination, Consideration Transferred | The following table summarizes the components of the consideration transferred on April 22, 2016 (in thousands):
Cash consideration paid to Heartland's stockholders |  | $ | 2,043,362 |
Fair value of Global Payments common stock issued to Heartland's stockholders |  | 1,879,458 |
Total purchase consideration |  | $ | 3,922,820 |
Business Combination, Stock Consideration Transferred | The merger date fair value of common stock issued to Heartland stockholders and equity award holders was determined based on 38.4 million shares of Heartland common stock, including common stock outstanding and equity awards accelerated in accordance with the Merger Agreement, multiplied by the exchange ratio of 0.6687 and the closing share price of Global Payments common stock as of April 22, 2016 of $73.29 per share, as shown in the table below (in thousands, except share data):
Shares of Heartland common stock |  | 38,350 |
Exchange ratio |  | 0.6687 |
Shares of Global Payments common stock issued |  | 25,645 |
Price per share of Global Payments common stock |  | $ | 73.29 |
Fair value of Global Payments common stock issued to Heartland's stockholders |  | $ | 1,879,458 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The provisional estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed, including a reconciliation to the total purchase consideration, are as follows (in thousands):
Cash and cash equivalents | $ | 304,747 |
Accounts receivable | 68,548 |
Prepaid expenses and other assets | 106,450 |
Identified intangible assets | 1,639,040 |
Property and equipment | 112,222 |
Debt | (437,933 | )
Accounts payable and accrued liabilities | (453,550 | )
Settlement processing obligations | (20,978 | )
Deferred income taxes | (553,432 | )
Other liabilities | (58,542 | )
Total identifiable net assets | 706,572 |
Goodwill | 3,216,248 |
Total purchase consideration | $ | 3,922,820 |
The following reflects the preliminary estimated fair values of the identified intangible assets (in thousands):
Customer-related intangible assets |  | $ | 977,400 |
Acquired technology |  | 457,000 |
Trademarks and trade names |  | 176,000 |
Covenants-not-to-compete |  | 28,640 |
Total estimated acquired intangible assets |  | $ | 1,639,040 |
FIS Gaming Business |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed as originally determined and as revised for measurement period adjustments, including a reconciliation to the total purchase consideration, are as follows:
| As Previously Determined |  | Measurement Period Adjustments |  | Revised
| (in thousands)
Customer-related intangible assets | $ | 135,200 |  |  | $ | 8,200 |  |  | $ | 143,400 |
Liabilities | (150 | ) |  | — |  |  | (150 | )
Total identifiable net assets | 135,050 |  |  | 8,200 |  |  | 143,250 |
Goodwill | 102,450 |  |  | (8,200 | ) |  | 94,250 |
Total purchase consideration | $ | 237,500 |  |  | $ | — |  |  | $ | 237,500 |
Realex Payments |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The estimated acquisition date fair values of the assets acquired, liabilities assumed and the noncontrolling interest, including a reconciliation to the total purchase consideration, are as follows (in thousands):
Cash |  | $ | 4,082 |
Customer-related intangible assets |  | 16,079 |
Acquired technology |  | 39,820 |
Trade name |  | 3,453 |
Other intangible assets |  | 399 |
Other assets |  | 6,213 |
Liabilities |  | (3,479 | )
Deferred income tax liabilities |  | (7,216 | )
Total identifiable net assets |  | 59,351 |
Goodwill |  | 66,809 |
Noncontrolling interest |  | (7,280 | )
Total purchase consideration |  | $ | 118,880 |
Ezidebit |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed as originally determined and as revised for measurement period adjustments, including a reconciliation to the total purchase consideration, are as follows:
| As Previously Determined |  | Measurement Period Adjustments |  | Revised
| (in thousands)
Cash | $ | 45,826 |  |  | $ | — |  |  | $ | 45,826 |
Customer-related intangible assets | 42,721 |  |  | — |  |  | 42,721 |
Acquired technology | 27,954 |  |  | — |  |  | 27,954 |
Trade name | 2,901 |  |  | — |  |  | 2,901 |
Other assets | 2,337 |  |  | — |  |  | 2,337 |
Deferred income tax assets (liabilities) | 1,815 |  |  | (11,603 | ) |  | (9,788 | )
Other liabilities | (49,797 | ) |  | — |  |  | (49,797 | )
Total identifiable net assets | 73,757 |  |  | (11,603 | ) |  | 62,154 |
Goodwill | 192,225 |  |  | 11,603 |  |  | 203,828 |
Total purchase consideration | $ | 265,982 |  |  | $ | — |  |  | $ | 265,982 |
PayPros |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the fair value of the identifiable assets acquired and liabilities assumed as of the acquisition date (in thousands):
Property and equipment |  | $ | 1,680 |
Customer-related intangible assets |  | 147,500 |
Contract-based intangible assets |  | 30,200 |
Acquired technology |  | 10,800 |
Other assets |  | 3,872 |
Deferred income tax liabilities |  | (38,478 | )
Total identifiable net assets |  | 155,574 |
Goodwill |  | 270,878 |
Total purchase consideration |  | $ | 426,452 |

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