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Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2019
Acquisition |
Summary of preliminary calculation of goodwill based on the excess of consideration transferred and the fair value of the previously held equity interests over the fair value of the assets acquired and liabilities assumed | The following table summarizes the preliminary calculation of goodwill based on the excess of consideration transferred and the fair value of the previously held equity interests over the fair value of the assets acquired and liabilities assumed (in thousands).
​ | ​ | ​ | ​
​ |  | December 31, 2019
Purchase consideration: | ​ | ​ | ​
Cash at closing | ​ | $ | 288,089
Assumption of debt previously owed by FRC | ​ |  | 10,000
Deferred payments | ​ |  | 53,471
Contingent consideration | ​ |  | 12,786
Consideration transferred | ​ |  | 364,346
Fair value of previously-held equity interests | ​ |  | 122,000
Total | ​ |  | 486,346
Less net assets acquired: | ​ |  | ​
Current assets | ​ | ​ | 23,682
Property and equipment | ​ |  | 84,360
Intangible assets | ​ |  | 338,782
Operating lease assets | ​ |  | 223,455
Other assets | ​ |  | 5,842
Current liabilities | ​ |  | (64,814)
Operating lease liabilities | ​ |  | (202,433)
Other noncurrent liabilities | ​ |  | (883)
Total net assets acquired | ​ |  | 407,991
Goodwill | ​ | $ | 78,355
Schedule of Pro Forma Results of Operations (unaudited) | The following pro forma results of operations for fiscal 2019 and 2018 give effect to the Acquisition as if it had occurred on January 2, 2018 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fiscal Year
​ |  | 2019 |  | 2018
​ | ​ | ​ | ​ | ​ | ​ | ​
Revenues |  | $ | 2,732,901 |  | $ | 2,579,019
Net income | ​ |  | 74,949 | ​ |  | 80,800
Net income per share: | ​ |  | ​ | ​ |  |
Basic | ​ | ​ | 1.71 | ​ |  | 1.79
Diluted | ​ | $ | 1.68 | ​ | $ | 1.75

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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=116869197&loc=d3e4845-128472 + Details
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