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Acquisition (Tables)

3 Months Ended

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

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

No definition available.

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X

- 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

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