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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2020
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 fair value at the date of acquisition:
(In thousands) |  |
Cash consideration transferred, net of $232,155 in cash and restricted cash acquired |  | $ | 383,204 |
Less: legal settlement |  | (162,500) |
Total consideration, net |  | $ | 220,704 |
Less: |  |
Accounts receivable |  | 14,449 |
Prepaid and other current assets |  | 11,660 |
Property and equipment |  | 876 |
Customer relationships(a)(d) |  | 79,923 |
Developed technologies(b)(d) |  | 63,125 |
License agreements(c)(d) |  | 4,208 |
Deferred income tax asset |  | 9,424 |
Other assets |  | 4,945 |
Accounts payable |  | (16,244) |
Accrued expenses |  | (21,898) |
Restricted cash payable |  | (186,956) |
Other current liabilities |  | (11,376) |
Deferred income tax liability |  | (20,152) |
Other liabilities |  | (3,164) |
Recorded goodwill |  | $ | 291,884 |
(a) Weighted average life - 5 years. (b) Weighted average life - 2.5 years. (c) Weighted average life - 6.5 years. (d) The weighted average life of the $147.3 million of amortizable intangible assets acquired in this business combination is 4.0 years. The following is a summary of the final allocation of the purchase price to the assets and liabilities acquired, based on the fair value at the date of acquisition:
(In thousands) |  |
Cash consideration, net of $125,865 in cash and restricted cash acquired |  | $ | 300,191 |
Fair value of redeemable non-controlling interest |  | 100,000 |
Total consideration, net of cash and restricted cash acquired |  | $ | 400,191 |
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 |  | (21,941) |
Other liabilities |  | (9,814) |
Recorded goodwill |  | $ | 272,399 |
(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 the $266.3 million of amortizable intangible assets acquired in this business combination is 7.0 years. The following is a summary of the final allocation of the purchase price to the assets and liabilities acquired, based on the 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 taxes |  | (21,194) |
Other liabilities |  | (2,367) |
Recorded goodwill |  | $ | 209,887 |
(a) Weighted average life - 8.3 years. (b) Weighted average life - 2.9 years. (c) The weighted average life of the $115.9 million of amortizable intangible assets acquired in this business combination is 7.6 years. The following is a summary of the final allocation of the purchase price to the assets and liabilities acquired, based on the fair value at the date of acquisition:
(In thousands) |  |
Total consideration, net of $5,589 in cash acquired |  | $ | 260,455 |
Less: |  |
Network relationships(a) (d) |  | 112,893 |
Customer relationships(b)(d) |  | 33,963 |
Brand name(c) (d) |  | 442 |
Deposits |  | (5,169) |
Accrued expenses |  | (420) |
Recorded goodwill |  | $ | 118,746 |
(a) Weighted average life - 10.1 years. (b) Weighted average life - 5.0 years. (c) Weighted average life - 1.0 year. (d) The weighted average life of the $147.3 million of amortizable intangible assets acquired in this business combination is 8.9 years.
Business Acquisition, Pro Forma Information | The following represents unaudited pro forma operational results:
| Year Ended December 31,
(In thousands, except per share data) | 2020 |  | 2019
Total revenues | $ | 1,610,216 |  |  | $ | 1,876,494 |
Net loss attributable to shareholders | $ | (63,595) |  |  | $ | (71,788) |
Net loss attributable to shareholders per share: |  |  |
Basic | $ | (1.45) |  |  | $ | (1.66) |
Diluted | $ | (1.45) |  |  | $ | (1.66) |
The following represents unaudited pro forma operational results:
| Year Ended December 31,
(In thousands, except per share data) | 2019 |  | 2018
Total revenues | $ | 1,742,797 |  |  | $ | 1,604,165 |
Net income attributable to shareholders | $ | 113,851 |  |  | $ | 134,564 |
Net income attributable to shareholders per share: |  |  |
Basic | $ | 2.63 |  |  | $ | 3.12 |
Diluted | $ | 2.60 |  |  | $ | 3.09 |

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