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Acquisition (Tables)

9 Months Ended

Sep. 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 September 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						24,396
Intangible assets:
Customer relationships						118,000
Partner relationships						67,000
Technology-based intangibles						66,000
Trade names						22,000
Internal-use software						6,111
Total intangible assets						279,111
Goodwill						732,520
Other non-current assets						350
Accounts payable						(18,475)
Funds held for customers						(9,428)
Accrued liabilities						(20,551)
Operating lease liabilities, non-current						(21,316)
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 September 30,									Nine Months Ended September 30,
(in thousands)												2020						2021						2020
Revenue												$	628,356					$	1,613,333					$	1,664,644
Net income (loss) attributable to Deluxe												21,694						50,176						(58,565)

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

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- References

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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
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