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ACQUISITIONS (Tables) | 7 Months Ended
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Dec. 31, 2016
Business Acquisition [Line Items] |
Business Acquisition, Pro Forma Information | The following unaudited pro forma information shows the results of our operations for the fiscal 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)
Total revenues | $ | 2,554,236 |  |  | $ | 2,628,547 |
Net income attributable to Global Payments | $ | 245,286 |  |  | $ | 241,272 |
| Year Ended May 31,
| (Unaudited)
| 2016 |  | 2016 |  | 2015 |  | 2015
| (Actual) |  | (Pro forma) |  | (Actual) |  | (Pro forma)
| (in thousands)
Total revenues | $ | 2,898,150 |  |  | $ | 3,870,368 |  |  | $ | 2,773,718 |  |  | $ | 3,668,851 |
Net income attributable to Global Payments | $ | 271,666 |  |  | $ | 212,511 |  |  | $ | 278,040 |  |  | $ | 149,900 |
Heartland Payment Systems, Inc |
Business Acquisition [Line Items] |
Business Combination, Consideration Transferred | The following table summarizes the cash and non cash components of the consideration transferred on April 22, 2016 (in thousands):
Cash consideration paid to Heartland stockholders |  | $ | 2,043,362 |
Fair value of Global Payments common stock issued to Heartland 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 for which vesting 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 stockholders |  | $ | 1,879,458 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following reflects the estimated fair values of the identified intangible assets and the respective weighted-average estimated amortization periods:
| Estimated Fair Values |  | Estimated Weighted-Average Amortization Periods
| (in thousands) |  | (years)
Customer-related intangible assets | $ | 977,400 |  |  | 15
Acquired technology | 457,000 |  |  | 5
Trademarks and trade names | 176,000 |  |  | 7
Covenants-not-to-compete | 28,640 |  |  | 1
Total estimated acquired intangible assets | $ | 1,639,040 |  |  | 11
The estimated provisional acquisition-date fair values of major classes of assets acquired and liabilities assumed as originally reported as of May 31, 2016 and as subsequently revised during the 2016 fiscal transition period for measurement period adjustments, including a reconciliation to the total purchase consideration, are as follows:
| May 31, 2016 |  | Measurement Period Adjustments |  | December 31, 2016
| (in thousands)
Cash and cash equivalents | $ | 304,747 |  |  | $ | — |  |  | $ | 304,747 |
Accounts receivable | 68,548 |  |  | 1,837 |  |  | 70,385 |
Prepaid expenses and other assets | 106,450 |  |  | (3,360 | ) |  | 103,090 |
Identified intangible assets | 1,639,040 |  |  | — |  |  | 1,639,040 |
Property and equipment | 112,222 |  |  | (5,639 | ) |  | 106,583 |
Debt | (437,933 | ) |  | — |  |  | (437,933 | )
Accounts payable and accrued liabilities | (453,550 | ) |  | (4,213 | ) |  | (457,763 | )
Settlement processing obligations | (20,978 | ) |  | (15,600 | ) |  | (36,578 | )
Deferred income taxes | (553,432 | ) |  | 34,638 |  |  | (518,794 | )
Other liabilities | (58,542 | ) |  | (6,396 | ) |  | (64,938 | )
Total identifiable net assets | 706,572 |  |  | 1,267 |  |  | 707,839 |
Goodwill | 3,216,248 |  |  | (1,267 | ) |  | 3,214,981 |
Total purchase consideration | $ | 3,922,820 |  |  | $ | — |  |  | $ | 3,922,820 |
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 provisionally determined at the acquisition date and as subsequently revised for measurement period adjustments, including a reconciliation to the total purchase consideration, are as follows:
| As Provisionally Determined |  | Measurement Period Adjustments |  | As 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, including a reconciliation to the total purchase consideration, are as follows (in thousands):
Cash | $ | 45,826 |
Customer-related intangible assets | 42,721 |
Acquired technology | 27,954 |
Trade name | 2,901 |
Other assets | 2,337 |
Deferred income tax assets (liabilities) | (9,788 | )
Other liabilities | (49,797 | )
Total identifiable net assets | 62,154 |
Goodwill | 203,828 |
Total purchase consideration | $ | 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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