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Acquisitions (Tables)
 12 Months Ended
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 receivable14,449 
Prepaid and other current assets11,660 
Property and equipment876 
Customer relationships(a)(d)
79,923 
Developed technologies(b)(d)
63,125 
License agreements(c)(d)
4,208 
Deferred income tax asset9,424 
Other assets4,945 
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 interest100,000 
Total consideration, net of cash and restricted cash acquired$400,191 
Less:
Accounts receivable10,722 
Property and equipment4,904 
Customer relationships(a)(d)
213,600 
Developed technologies(b)(d)
38,900 
Trademarks and trade names(c)(d)
13,800 
Other assets13,601 
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 receivable22,134 
Property and equipment549 
Network relationships(a) (c)
100,900 
Developed technologies(b) (c)
15,000 
Other assets2,379 
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)
20202019
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)
20192018
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