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Acquisitions (Tables) - Braxton Science Technology Group | 3 Months Ended
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Mar. 31, 2021
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed on Preliminary Purchase Price Allocation | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed based on the purchase price allocation as of the date of acquisition (in thousands):
|  | Amount |
Cash and cash equivalents |  | $ | 7,006 |
Accounts receivable |  |  | 18,163 |
Contract assets |  |  | 8,350 |
Prepaid expenses and other current assets |  |  | 3,036 |
Property and equipment |  |  | 5,114 |
Right of use assets, operating leases |  |  | 10,788 |
Goodwill |  |  | 211,524 |
Intangible assets |  |  | 74,950 |
Accounts payable |  |  | (7,464 | )
Accrued expenses and other current liabilities |  |  | (9,845 | )
Contract liabilities |  |  | (300 | )
Short-term lease liabilities, operating leases |  |  | (1,915 | )
Long-term lease liabilities, operating leases |  |  | (8,873 | )
Deferred tax liabilities |  |  | (1,694 | )
Net assets acquired |  | $ | 308,840 |
Schedule of Intangible Assets Value on Purchase Price | Of the total purchase price, the following values were assigned to intangible assets (in thousands, except for years):
|  | Gross Carrying Amount |  |  | Amortization Period
|  |  |  |  |  | (in years)
Customer relationships |  | $ | 34,100 |  |  | 12
Backlog |  |  | 38,200 |  |  | 3
Developed technologies |  |  | 2,000 |  |  | 6
Non-compete agreements |  |  | 650 |  |  | 3
Schedule of Supplemental Pro Forma Information | Supplemental information of unaudited pro forma operating results assuming the Braxton acquisition had been consummated as of the beginning of fiscal year 2019 (in thousands) is as follows:
|  | Three Months Ended |
|  | March 31, 2021 |  |  | March 31, 2020 |
Pro forma Revenue |  | $ | 874,697 |  |  | $ | 1,001,337 |
Pro forma Net Income |  |  | 15,354 |  |  |  | 14,459 |

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