XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.21.2

Acquisition (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Business Combinations [Abstract] |
Preliminary allocation of the purchase price to the assets acquired and liabilities assumed | The following illustrates the preliminary allocation of the purchase price, as of June 30, 2021, to the assets acquired and liabilities assumed:
(in thousands) |  | Purchase price allocation
Accounts receivable |  | $ | 27,296 |
Other current assets |  | 8,533 |
Property, plant and equipment |  | 9,873 |
Operating lease assets |  | 24,506 |
Intangible assets: |  |
Customer relationships |  | 118,000 |
Partner relationships |  | 67,000 |
Technology-based intangibles |  | 66,000 |
Trade names |  | 22,000 |
Internal-use software |  | 2,417 |
Total intangible assets |  | 275,417 |
Goodwill |  | 736,308 |
Other non-current assets |  | 350 |
Accounts payable |  | (18,475) |
Funds held for customers |  | (9,428) |
Accrued liabilities |  | (20,645) |
Operating lease liabilities, non-current |  | (21,426) |
Deferred income taxes |  | (51,216) |
Other non-current liabilities |  | (4,376) |
Payment for acquisition, net of cash, cash equivalents, restricted cash and restricted cash equivalents acquired of $15,841 |  | $ | 956,717 |
Unaudited pro forma financial information | The following unaudited pro forma financial information summarizes our consolidated results of operations as though the acquisition occurred on January 1, 2020:
|  | Pro Forma Statements of Comprehensive Income (Loss)
|  | Quarter Ended June 30, |  | Six Months Ended June 30,
(in thousands) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Revenue |  | $ | 563,088 |  |  | $ | 476,490 |  |  | $ | 1,081,192 |  |  | $ | 1,036,288 |
Net income (loss) |  | 16,943 |  |  | 4,851 |  |  | 37,712 |  |  | (80,259) |

X
- 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
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration