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BUSINESS ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2022
Business Combinations [Abstract]  
Schedule of preliminary allocation of purchase consideration A summary of the allocation of the purchase consideration for ECI is as follows (in thousands):
Fair value of consideration transferred:
Cash consideration:
  Repayment of ECI outstanding debt obligations$183,266 
  Cash paid to selling shareholders139,244 
  Payment to selling shareholders from sale of ECI real estate assets33,400 
  Less cash and restricted cash acquired(9,058)
    Net cash consideration346,852 
Fair value of Ribbon stock issued108,550 
      Fair value of total consideration$455,402 
Fair value of assets acquired and liabilities assumed:
Current assets, net of cash and restricted cash acquired$120,203 
Property and equipment54,913 
Intangible assets:
In-process research and development34,000 
Developed technology111,900 
Customer relationships116,000 
Trade names3,000 
Goodwill191,996 
Other noncurrent assets37,528 
Deferred revenue(4,369)
Other current liabilities(146,618)
Deferred revenue, net of current(3,726)
Deferred tax liability(13,308)
Other long-term liabilities(46,117)
$455,402 
Schedule of Unaudited pro forma results
The unaudited pro forma results do not reflect any operating efficiencies or potential cost savings that may result from the consolidation of the operations of Ribbon and ECI. Accordingly, these unaudited pro forma results are presented for illustrative purposes and are not intended to represent or be indicative of the actual results of operations of the combined company that would have been achieved had the ECI Acquisition occurred at January 1, 2019, nor are they intended to represent or be indicative of future results of operations (in thousands, except per share amounts):
 Year ended December 31,
 2020
(unaudited)
Revenue$869,002 
Net income$97,036 
Diluted earnings per share$0.65 
Schedule of components of acquisition related costs The components of Acquisition-, disposal- and integration-related expenses incurred in the years ended December 31, 2022, 2021 and 2020 were as follows (in thousands):
Year ended December 31,
202220212020
Professional and services fees (acquisition-related)$— $165 $13,441 
Professional and services fees (disposal-related)414 329 1,890 
Integration-related expenses5,872 7,138 1,833 
$6,286 $7,632 $17,164