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Acquisition (Tables) | 3 Months Ended
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Mar. 31, 2019
Acquisition |
Schedule of allocation of total purchase price to assets acquired and liabilities assumed | The following table provides a tabular depiction of the Company’s allocation of the total purchase price to each of the assets acquired and liabilities assumed based on the Company’s fair value estimates.
Assets acquired |  |  |
Cash, including $300 of pledged collateral |  | $ | 4,793
Accounts receivable, net of allowance of $0 |  | $ | 3,236
Property and equipment |  | $ | 5,392
Right-of-use assets |  | $ | 13,069
Intangible assets |  | $ | 210,280
Other assets |  | $ | 2,793
Liabilities assumed |  |  |
Accounts payable |  | $ | 4,308
Accrued and other liabilities |  | $ | 4,451
Lease liability |  | $ | 13,069
Deferred revenue |  | $ | 45
Total net asset or liability purchased and assumed |  | $ | 217,690
Purchase price |  | $ | 365,977
Excess of fair value of net assets acquired over consideration given (“goodwill”) |  | $ | 148,287
Schedule of pro forma information related to acquisition of Orbis Education | The following table reports pro forma information as if the Acquisition of Orbis Education had been completed at the beginning of the earliest period presented:
|  | Three Months Ended March 31,
|  | 2019 |  | 2018
Net revenue |  |  |  |  |  |
As Reported |  | $ | 197,287 |  | $ | 275,681
Pro forma |  | $ | 200,537 |  | $ | 289,255
Net income |  |  |  |  |  |
As Reported |  | $ | 73,243 |  | $ | 73,681
Pro forma |  | $ | 61,998 |  | $ | 58,699

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- 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=84161108&loc=d3e4845-128472 + Details
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