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Business Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2016
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition | The following represents the preliminary allocation of the purchase price by the assets and liabilities acquired and goodwill recognized in this business combination:
Consideration paid, net of cash acquired | 1,444,235 |
Less: |
Accounts receivable | 164,459 |
Property and equipment, net | 8,249 |
Customer relationships (a)(b) | 832,400 |
Developed technologies (a)(c) | 31,100 |
Trade name (a)(d) | 14,600 |
Deferred income tax assets | 34,571 |
Accounts payable | (153,777 | )
Accrued expenses | (128,281 | )
Deferred income tax liabilities | (78,119 | )
Other assets and liabilities | 54 |
Recorded goodwill (a) | $ | 718,979 |
(a) | Approximately $1,356,350 in goodwill and other intangible assets recorded from this business combination were assigned to our Fleet Solutions segment, the remaining $293,729 was assigned to our Travel and Corporate Solutions segment.
(b) | Weighted average life – 8.7 years.
(c) | Weighted average life – 2.3 years.
(d) | Weighted average life – 3.3 years.
Estimated Amortization Expense Related to Definite Lived Intangible Assets | At September 30, 2016, estimated amortization expense related to the definite-lived intangible assets listed above for each of the next five fiscal years is as follows:
Remaining 2016 | $ | 15,591 |
2017 | $ | 76,241 |
2018 | $ | 75,155 |
2019 | $ | 69,522 |
2020 | $ | 64,786 |
2021 | $ | 57,951 |
Thereafter | $ | 503,264 |
The following table presents the estimated amortization expense related to the definite-lived intangible assets listed above for the remainder of 2016 and for each of the five succeeding fiscal years:
Remaining 2016 | $ | 33,420 |
2017 | $ | 135,637 |
2018 | $ | 119,493 |
2019 | $ | 110,611 |
2020 | $ | 102,706 |
2021 | $ | 92,099 |
Business Acquisition, Pro Forma Information | The following represents unaudited pro forma operational results as if EFS has 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, | Nine months ended September 30,
| 2016 |  | 2015 | 2016 |  | 2015
Total revenues | $ | 287,755 |  |  | 261,361 |  | $ | 796,514 |  |  | 748,186 |
Net earnings attributable to shareholders | $ | 30,357 |  |  | 20,592 |  | $ | 38,670 |  |  | 47,852 |
Pro forma net income attributable to shareholders per common share: |  |  |  |  |  |
Net income per share - basic | $ | 0.71 |  |  | $ | 0.53 |  | $ | 0.96 |  |  | $ | 1.23 |
Net income per share - diluted | $ | 0.71 |  |  | $ | 0.53 |  | $ | 0.96 |  |  | $ | 1.23 |
Benaissance Acquisition |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition | The following is a summary of the final allocation of the purchase price to the assets and liabilities acquired:
Consideration paid (net of cash acquired) | $ | 80,677 |
Less: |
Accounts receivable | 1,594 |
Other tangible assets and liabilities, net | 314 |
Acquired software and developed technology(a) | 10,300 |
Customer relationships(b) | 27,700 |
Trade name(c) | 1,500 |
Recorded goodwill | $ | 39,269 |
(a) | Weighted average life – 5.0 years.
(b) | Weighted average life – 7.6 years.
(c) | Weighted average life – 8.1 years.

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