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ACQUISITIONS
 3 Months Ended
Mar. 31, 2017
Business Combinations [Abstract]  
ACQUISITIONS
ACQUISITIONS

Heartland

We merged with Heartland Payment Systems, Inc. ("Heartland") in a cash-and-stock transaction on April 22, 2016 for total purchase consideration of $3.9 billion. This transaction was accounted for as a business combination, which requires that we record the assets acquired and liabilities assumed at fair value as of the acquisition date.

The estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed previously determined as of December 31, 2016 and as subsequently revised during the three months ended March 31, 2017 for measurement-period adjustments, including a reconciliation to the total purchase consideration, are as follows:
 
December 31, 2016
 
Measurement-Period Adjustments
 
March 31, 2017
 
(in thousands)
 
 
 
 
 
 
Cash and cash equivalents
$
304,747

 
$
—

 
$
304,747

Accounts receivable
70,385

 
—

 
70,385

Prepaid expenses and other assets
103,090

 
(5,131
)
 
97,959

Identified intangible assets
1,639,040

 
—

 
1,639,040

Property and equipment
106,583

 
—

 
106,583

Debt
(437,933
)
 
—

 
(437,933
)
Accounts payable and accrued liabilities
(457,763
)
 
(65
)
 
(457,828
)
Settlement processing obligations
(36,578
)
 
(3,727
)
 
(40,305
)
Deferred income taxes
(518,794
)
 
18,907

 
(499,887
)
Other liabilities
(64,938
)
 
(33,495
)
 
(98,433
)
Total identifiable net assets
707,839

 
(23,511
)
 
684,328

Goodwill
3,214,981

 
23,511

 
3,238,492

Total purchase consideration
$
3,922,820

 
$
—

 
$
3,922,820



The measurement-period adjustments are the result of continued refinement of certain estimates, particularly regarding certain tax positions and deferred income taxes.