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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2021
Business Combinations [Abstract] |
Schedule of Business Acquisitions |
(In thousands) |
Purchase price | $ | 96,992 |
Reduction in: |
Non-controlling interest 1 | (13,077) |
Accumulated other comprehensive income | (2,284) |
Additional paid-in capital | (81,631) |
1 Reduces non-controlling interest to zero as of the acquisition date. 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) |  | As Reported December 31, 2020 |  | Measurement Period Adjustments |  | As Reported September 30, 2021
Cash consideration transferred, net of $232,155 in cash and restricted cash acquired |  | $ | 383,204 |  |  | $ | 119 |  |  | $ | 383,323 |
Less: legal settlement |  | (162,500) |  |  | — |  |  | (162,500) |
Total consideration, net |  | $ | 220,704 |  |  | $ | 119 |  |  | $ | 220,823 |
Less: |  |  |  |  |  |
Accounts receivable |  | 14,449 |  |  | — |  |  | 14,449 |
Property and equipment |  | 876 |  |  | — |  |  | 876 |
Customer relationships(a)(c) |  | 79,923 |  |  | (32,323) |  |  | 47,600 |
Developed technologies(b)(c) |  | 63,125 |  |  | (56,825) |  |  | 6,300 |
License agreements |  | 4,208 |  |  | (4,208) |  |  | — |
Deferred income tax asset |  | 9,424 |  |  | (410) |  |  | 9,014 |
Other assets |  | 16,605 |  |  | — |  |  | 16,605 |
Accounts payable |  | (16,244) |  |  | — |  |  | (16,244) |
Accrued expenses |  | (21,898) |  |  | — |  |  | (21,898) |
Restricted cash payable |  | (186,956) |  |  | — |  |  | (186,956) |
Deferred income tax liability |  | (20,152) |  |  | 13,053 |  |  | (7,099) |
Other liabilities |  | (14,540) |  |  | 3,552 |  |  | (10,988) |
Recorded goodwill |  | $ | 291,884 |  |  | $ | 77,280 |  |  | $ | 369,164 |
(a) Weighted average life - 7.3 years. (b) Weighted average life - 0.5 years. (c) The weighted average life of the $53.9 million of amortizable intangible assets acquired in this business combination is 6.5 years.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | 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) |  | As Initially Reported |  | Measurement Period Adjustments |  | As Reported September 30, 2021
Cash consideration transferred, net of $15.0 million in cash and restricted cash acquired |  | $ | 259,087 |  |  | $ | (26) |  |  | $ | 259,061 |
Less: |  |  |  |  |  |
Accounts receivable |  | 3,103 |  |  | — |  |  | 3,103 |
Customer relationships(a)(d) |  | 86,100 |  |  | (1,700) |  |  | 84,400 |
Developed technologies(b)(d) |  | 19,600 |  |  | — |  |  | 19,600 |
Non-compete(c)(d) |  | — |  |  | 2,150 |  |  | 2,150 |
Other assets |  | 4,387 |  |  | — |  |  | 4,387 |
Accrued expenses |  | (3,498) |  |  | — |  |  | (3,498) |
Restricted cash payable |  | (14,328) |  |  | — |  |  | (14,328) |
Other liabilities |  | (5,177) |  |  | — |  |  | (5,177) |
Recorded goodwill |  | $ | 168,900 |  |  | $ | (476) |  |  | $ | 168,424 |
(a) Weighted average life - 9.3 years. (b) Weighted average life - 3.6 years. (c) Weighted average life - 2.5 years (d) The weighted average life of the $106.2 million of amortizable intangible assets acquired in this business combination is 8.1 years
Business Acquisition, Pro Forma Information | The following represents unaudited pro forma operational results:
(In thousands, except per share data) | Three Months Ended September 30, 2020 |  | Nine Months Ended September 30, 2020 |  |
Total revenues | $ | 398,811 |  |  | $ | 1,202,591 |  |  |
Net loss attributable to shareholders | $ | (68,822) |  |  | $ | (16,537) |  |  |
Net loss attributable to shareholders per share: |  |  |  |  |
Basic | $ | (1.56) |  |  | $ | (0.38) |  |  |
Diluted | $ | (1.56) |  |  | $ | (0.38) |  |  |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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