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Acquisitions (Tables)
 6 Months Ended
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