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Acquisition and Divestitures (Tables) | 12 Months Ended
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Dec. 31, 2017
Business Combinations [Abstract] |
Schedule of business acquisitions | The following is a summary of the components of the consideration transferred as part of the acquisition:
Cash consideration for outstanding Intralinks’ common shares | $ | 746,071 |
Cash consideration for accelerated equity awards to Intralinks’ employees upon change in control | 7,873 |
Cash consideration for vested unexercised Intralinks’ stock options | 19,838 |
Cash consideration for existing Intralinks’ debt | 77,800 |
Cash consideration for shareholders purchase price settlement | 2,794 |
Total cash consideration transferred | 854,376 |
Fair value of replacement awards | 4,702 |
Total consideration transferred | $ | 859,078 |
The following is a summary of the components of the consideration transferred as part of the acquisition:
| (Restated)
Cash consideration for outstanding common shares | $ | 102,538 |
Issuance of Common Stock | 22,000 |
Intellectual Property Settlement | (10,000 | )
Total cash consideration transferred | 114,538 |
Issuance of Common Stock | (22,000 | )
Cash Consideration Transferred | $ | 92,538 |
Summary of fair values of assets and liabilities assumed at acquisition date | The Company determined the fair value of the net assets acquired as follows:
| Purchase Price Allocation (Restated) |  |
Cash | $ | 4,110 |  |  |
Prepaid expenses and other assets | 3,005 |  |  |
Property, Plant & Equipment | 2,882 |  |
Long term assets | 1,870 |  |  |
Intangible assets: |  |  | Wtd. Avg.
Trade name | 1,000 |  |  | 1 year
Technology | 32,100 |  |  | 7 years
Customer relationships | 29,000 |  |  | 10 years
Goodwill | 81,015 |  |  |
Total assets acquired | 154,982 |  |  |
Accounts payable and accrued liabilities | 17,622 |  |  |
Deferred revenues | 7,331 |  |  |
Long term liabilities | 15,491 |  |  |
Net assets acquired | $ | 114,538 |  |  |
The Company entered into a number of acquisitions as described above, during 2015. The table below summarizes the fair value of the net assets acquired as follows:
| (Restated) |  |
| Zentry | Razorsight | F-Secure |  | Total
Cash |  | $ | 1,172 |  |  |  | $ | 1,172 |
Accounts receivable |  | 120 |  |  | 120
Prepaid expenses and other assets |  | 1,111 |  |  |  | 1,111 |
Equipment | 2,900 | 879 |  |  | 3,779
Other assets - long term |  | 144 |  |  |  | 144 |
Intangible assets: |  |  |  |  |
Technology | 23,200 |  | 9,200 |  | 3,071 |  |  | 35,471 |
Customer relationships | 2,300 |  | 11,690 |  | 20,475 |  |  | 34,465 |
Goodwill | 9,100 |  | 6,985 |  | 26,454 |  |  | 42,539 |
Total assets acquired | 37,500 |  | 31,301 |  | 50,000 |  |  | 118,801 |
Accounts payable and accrued liabilities |  | 2,216 |  | 519 |  |  | 2,735 |
Lease obligation |  | 333 |  |  |  | 333 |
Deferred revenues |  | 965 |  |  |  | 965 |
Contingent consideration |  | 122 |  |  |  | 122 |
Deferred taxes |  | 2,381 |  |  |  | 2,381 |
Redeemable noncontrolling interest | 12,500 |  |  |  |  | 12,500 |
Net assets acquired | $ | 25,000 |  | $ | 25,284 |  | $ | 49,481 |  |  | $ | 99,765 |
The purchase price allocation as of the date of the acquisition were as follows:
| Weighted Average Life in Years |  | Purchase Price Allocation
Cash |  |  | $ | 39,370 |
Accounts receivable |  |  | 46,182 |
Prepaid expenses and other assets |  |  | 9,775 |
Property and equipment, net | 4 |  | 14,075 |
Goodwill |  |  | 482,822 |
Intangible Assets: |  |  |
Developed technology | 6 |  | 79,400 |
Capitalized software costs | 1 |  | 277 |
Trade name | 18 |  | 47,800 |
Customer relationships | 10 |  | 284,100 |
|  |  | 411,577 |
Other assets, long-term |  |  | 3,865 |
Investment in unconsolidated affiliate |  |  | 5,800 |
Total assets acquired |  |  | 1,013,466 |
Accounts payable |  |  | 4,853 |
Accrued expenses |  |  | 21,421 |
Deferred revenues, short-term |  |  | 12,449 |
Deferred tax liability |  |  | 110,044 |
Deferred revenues, long-term |  |  | 1,051 |
Other liabilities, long-term |  |  | 4,570 |
Total liabilities |  |  | 154,388 |
Net assets acquired |  |  | $ | 859,078 |
Operating results of discontinued operations | The following is a summary of the operating results of BPO which have been reflected within income from discontinued operations, net of tax:
| Year ended December 31,
| 2016 |  | 2015
| (Restated)
Net revenues | $ | 145,241 |  |  | $ | 150,714 |
Costs and expenses: |  |  |
Cost of services | 96,737 |  |  | 83,931 |
Selling, general and administrative | 2,615 |  |  | 2,324 |
Total costs and expenses | 99,352 |  |  | 86,255 |
Income from discontinued operations | 45,889 |  |  | 64,459 |
Gain on sale of discontinued operations | 113,130 |  |  | — |
Income from discontinued operations before taxes | 159,019 |  |  | 64,459 |
Provision for income taxes | (68,459 | ) |  | (24,191 | )
Discontinued operations, net of taxes | $ | 90,560 |  |  | $ | 40,268 |
The following is a summary of the operating results of Intralinks during the year ended December 31, 2017, which have been reflected within income from discontinued operations, net of tax:
| 2017
Net revenues | $ | 213,178 |
Costs and expenses: |
Cost of services | 35,393 |
Research and development | 19,148 |
Selling, general and administrative | 114,737 |
Restructuring | 15,995 |
Depreciation and amortization | 41,780 |
Total costs and expenses | 227,053 |
Other income, net | 1,448 |
Loss from discontinued operations | (12,427 | )
Gain on sale of discontinued operations | 122,842 |
Income from discontinued operations before taxes | 110,415 |
Provision for income taxes | (34,920 | )
Discontinued operations, net of taxes | $ | 75,495 |

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- 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://www.xbrl.org/2003/role/presentationRef -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://www.xbrl.org/2003/role/presentationRef -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
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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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