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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2013
Preliminary Purchase Price Allocation | In connection with the acquisitions, the Company recorded the following amounts based upon its preliminary purchase price allocations during the year ended December 31, 2013, which are subject to completion of valuations and other analyses (in thousands, except weighted-average useful lives):
|  | Weighted-Average Useful Lives |  | Official Payments Holdings, Inc. |  |  | Online Resourses Corporation |  |  | PTESA |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  |  | $ | 25,871 |  |  | $ | 9,930 |  |  | $ | 193 |
Billed and accrued receivables, net |  |  |  |  | 2,858 |  |  |  | 19,394 |  |  |  | 327 |
Deferred income taxes, net |  |  |  |  | 2,644 |  |  |  | 11,222 |  |  |  | — |
Other current assets |  |  |  |  | 27,766 |  |  |  | 17,663 |  |  |  | 87 |
Total current assets acquired |  |  |  |  | 59,139 |  |  |  | 58,209 |  |  |  | 607 |
Noncurrent assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property and equipment |  |  |  |  | 8,141 |  |  |  | 7,335 |  |  |  | 6 |
Goodwill |  |  |  |  | 43,512 |  |  |  | 122,469 |  |  |  | 7,120 |
Software |  | 10 years |  |  | 20,000 |  |  |  | 62,215 |  |  |  | 7,732 |
Customer relationships |  | 14 -15 years |  |  | 47,500 |  |  |  | 68,750 |  |  |  | — |
Trademarks |  | 3 - 5 years |  |  | 5,065 |  |  |  | 3,050 |  |  |  | — |
Other noncurrent assets |  |  |  |  | 6,791 |  |  |  | 2,058 |  |  |  | 7 |
Total assets acquired |  |  |  |  | 190,148 |  |  |  | 324,086 |  |  |  | 15,472 |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  |  |  | 8,572 |  |  |  | 15,393 |  |  |  | 341 |
Accrued employee compensation |  |  |  |  | 14,905 |  |  |  | 10,549 |  |  |  | 261 |
Note payable |  |  |  |  | — |  |  |  | 7,500 |  |  |  | — |
Other current liabilities |  |  |  |  | 26,061 |  |  |  | 7,259 |  |  |  | — |
Total current liabilities acquired |  |  |  |  | 49,538 |  |  |  | 40,701 |  |  |  | 602 |
Noncurrent liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred income taxes, net |  |  |  |  | — |  |  |  | 19,814 |  |  |  | 225 |
Other noncurrent liabilities acquired |  |  |  |  | 828 |  |  |  | 3,453 |  |  |  | 439 |
Total liabilities acquired |  |  |  |  | 50,366 |  |  |  | 63,968 |  |  |  | 1,266 |
Net assets acquired |  |  |  | $ | 139,782 |  |  | $ | 260,118 |  |  | $ | 14,206 |
In connection with the acquisitions, the Company recorded the following amounts based upon its purchase price allocations during the year ended December 31, 2013 (in thousands, except weighted-average useful lives):
|  | Weighted-Average Useful Lives |  | S1 Corporation |  |  | Distra Pty Ltd |
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  |  | $ | 97,748 |  |  | $ | 2 |
Billed and accrued receivables, net |  |  |  |  | 65,329 |  |  |  | 338 |
Other current assets |  |  |  |  | 16,791 |  |  |  | 1,152 |
Total current assets acquired |  |  |  |  | 179,868 |  |  |  | 1,492 |
Noncurrent assets: |  |  |  |  |  |  |  |  |  |
Property and equipment |  |  |  |  | 18,440 |  |  |  | 96 |
Goodwill |  |  |  |  | 256,244 |  |  |  | 21,307 |
Software |  | 5 - 10 years |  |  | 87,517 |  |  |  | 18,802 |
Customer relationships |  | 10 -20 years |  |  | 108,690 |  |  |  | 6,200 |
Trademarks |  | 3 years |  |  | 4,500 |  |  |  | — |
Covenant not to compete |  | 3 years |  |  | 360 |  |  |  | — |
Deferred income tax |  |  |  |  | 40,634 |  |  |  | 12,331 |
Other noncurrent assets |  |  |  |  | 11,004 |  |  |  | — |
Total assets acquired |  |  |  |  | 707,257 |  |  |  | 60,228 |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Deferred revenue |  |  |  |  | 34,671 |  |  |  | 320 |
Accrued employee compensation |  |  |  |  | 34,689 |  |  |  | 1,205 |
Other current liabilities |  |  |  |  | 28,387 |  |  |  | 736 |
Total current liabilities acquired |  |  |  |  | 97,747 |  |  |  | 2,261 |
Noncurrent liabilities: |  |  |  |  |  |  |  |  |  |
Deferred income tax |  |  |  |  | 15,795 |  |  |  | 8,217 |
Other noncurrent liabilities acquired |  |  |  |  | 6,431 |  |  |  | — |
Total liabilities acquired |  |  |  |  | 119,973 |  |  |  | 10,478 |
Net assets acquired |  |  |  | $ | 587,284 |  |  | $ | 49,750 |
S1 Corporation |
Purchase Price of S One Corporation's Common Stock | The purchase price of S1 Corporation’s common stock as of the date of acquisition was comprised of (in thousands):
|  | Amount |
Cash payments to S1 shareholders |  | $ | 365,918 |
Issuance of ACI common stock |  |  | 204,857 |
Reissuance of treasury stock |  |  | 2,174 |
Cash payments for noncompete agreements |  |  | 2,778 |
S1 shares previously held as available-for-sale securities |  |  | 11,557 |
Total Purchase Price |  | $ | 587,284 |
ORCC and S1 Corporation |
Pro Forma Results of Combined Company Operations | The pro forma financial information in the table below presents the combined results of operations for the Company, OPAY and ORCC as if the acquisitions had occurred January 1, 2012 and S1 as if the acquisition had occurred on January 1, 2011 (in thousands, except per share data). The pro forma information is shown for illustrative purposes only and is not necessarily indicative of future results of operations of the Company or results of operations of the Company that would have actually occurred had the transactions been in effect for the periods presented. This pro forma information is not intended to represent or be indicative of actual results had the acquisition occurred as of the beginning of each period, nor is it necessarily indicative of future results and does not reflect potential synergies, integration costs, or other such costs or savings. Certain pro forma adjustments have been made to net income for the years ended December 31, 2013, 2012 and 2011 to give effect to estimated adjustments to expenses to remove the amortization on eliminated OPAY, ORCC and S1 historical identifiable intangible assets and added amortization expense for the value of identified intangibles acquired in the acquisitions (primarily acquired software, customer relationships, trade names, and covenants not to compete), adjustments to interest expense to reflect the elimination of preexisting OPAY, ORCC and S1 debt and added estimated interest expense on the Company’s additional Term Credit Facility and Revolving Credit Facility borrowings and to eliminate share-based compensation expense for eliminated positions. Additionally, certain transaction expenses that are a direct result of the acquisitions have been excluded from the years ended December 31, 2013, 2012 and 2011.
|  | Pro Forma Results of Operations for the Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Total Revenues |  | $ | 1,027,422 |  |  | $ | 1,017,681 |  |  | $ | 722,210 |
Net Income |  |  | 78,002 |  |  |  | 64,443 |  |  |  | 46,221 |
Income per share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.99 |  |  | $ | 1.67 |  |  | $ | 1.18 |
Diluted |  | $ | 1.95 |  |  | $ | 1.61 |  |  | $ | 1.15 |

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