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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2019
Business Combinations [Abstract] |
Schedule of Business Acquisitions | The following is a summary of the preliminary allocation of the purchase price to the assets and liabilities acquired, based on the estimated fair value at the date of acquisition:
(In thousands) |  |
Total consideration, net of $44,947 in cash acquired |  | $ | 293,767 |
Less: |  |
Accounts receivable |  | 22,134 |
Property and equipment |  | 549 |
Network relationships(a) (c) |  | 100,900 |
Developed technologies(b) (c) |  | 15,000 |
Other assets |  | 2,379 |
Accounts payable |  | (33,521 | )
Deferred income tax liabilities |  | (24,121 | )
Other liabilities |  | (2,367 | )
Recorded goodwill |  | $ | 212,814 |
(a) Weighted average life - 8.3 years. (b) Weighted average life - 2.9 years. (c) The weighted average life of all amortizable intangible assets acquired in this business combination is 7.6 years. The following is a summary of the preliminary allocation of the purchase price to the assets and liabilities acquired, based on the estimated fair value at the date of acquisition:
(In thousands) |  |
Cash consideration, net of $125,865 in cash and restricted cash acquired |  | $ | 249,781 |
Fair value of redeemable non-controlling interest |  | 100,000 |
Deferred cash consideration |  | 50,000 |
Total consideration, net of cash and restricted cash acquired |  | $ | 399,781 |
Less: |  |
Accounts receivable |  | 10,722 |
Property and equipment |  | 4,904 |
Customer relationships(a)(d) |  | 213,600 |
Developed technologies(b)(d) |  | 38,900 |
Trademarks and trade names(c)(d) |  | 13,800 |
Other assets |  | 13,601 |
Accounts payable |  | (3,071 | )
Accrued expenses |  | (7,563 | )
Restricted cash payable |  | (125,346 | )
Deferred income taxes |  | (22,200 | )
Other liabilities |  | (9,814 | )
Recorded goodwill |  | $ | 272,248 |
(a) Weighted average life - 7.3 years. (b) Weighted average life - 5.4 years. (c) Weighted average life - 7.3 years. (d) The weighted average life of all amortizable intangible assets acquired in this business combination is 7.0 years.
Business Acquisition, Pro Forma Information | The following represents unaudited pro forma operational results as if the acquisitions had occurred January 1, 2018:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Total revenues | $ | 441,807 |  |  | $ | 397,408 |  |  | $ | 842,789 |  |  | $ | 779,234 |
Net income attributable to shareholders | $ | 15,225 |  |  | $ | 33,790 |  |  | $ | 34,035 |  |  | $ | 76,277 |
Net income attributable to shareholders per share: |  |  |  |  |  |  |
Basic | $ | 0.35 |  |  | $ | 0.78 |  |  | $ | 0.79 |  |  | $ | 1.77 |
Diluted | $ | 0.35 |  |  | $ | 0.77 |  |  | $ | 0.78 |  |  | $ | 1.75 |

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