v3.3.0.814
Business Acquisitions (Tables)
9 Months Ended
Sep. 30, 2015
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The following is a summary of the preliminary allocation of the purchase price to the assets and liabilities acquired: 
Consideration paid (net of cash acquired)
$
379,458

Less:
 
Accounts receivable
303,376

Other tangible assets and liabilities, net
(8,497
)
Licensing agreements(a)
36,605

Customer relationships(b)
7,346

Recorded goodwill
$
40,628

(a) 
Weighted average life – 4.6 years.
(b) 
Weighted average life – 7.2 years.
The following is a summary of the allocation of the purchase price to the assets and liabilities acquired: 
Consideration paid (net of cash acquired)
$
532,174

Less:
 
Accounts receivable
8,418

Accounts payable
(175
)
Deferred tax liabilities, net
(68,768
)
Other tangible assets and liabilities, net
(3,712
)
Acquired software and developed technology(a)
70,000

Customer relationships(b)
211,000

Trade name(c)
7,900

Trade name(d)
11,000

Recorded goodwill
$
296,511

(a) 
Weighted average life – 6.4 years.
(b) 
Weighted average life – 9.7 years.
(c) 
Weighted average life – 9.9 years.
(d) 
Indefinite-lived
The following is a summary of the preliminary allocation of the purchase price to the assets and liabilities acquired: 
Consideration paid (net of cash acquired)
$
379,458

Less:
 
Accounts receivable
303,376

Other tangible assets and liabilities, net
(8,497
)
Licensing agreements(a)
36,605

Customer relationships(b)
7,346

Recorded goodwill
$
40,628

(a) 
Weighted average life – 4.6 years.
(b) 
Weighted average life – 7.2 years.
Business Acquisition, Pro Forma Information
The following represents unaudited pro forma operational results as if Evolution1 had been included in the Company’s unaudited condensed consolidated statements of operations as of the beginning of the fiscal periods ended:
 
Three Months Ended
 September 30, 2014
 
Nine months Ended
 September 30, 2014
Revenue
$
225,181

 
$
653,192

Net income attributable to WEX Inc.
$
69,889

 
$
141,206

Pro forma net income attributable to WEX Inc. per common share:
 
 
 
Net income per share – basic
$
1.80

 
$
3.63

Net income per share – diluted
$
1.79

 
$
3.62