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Acquisitions and Divestitures (Tables)
 6 Months Ended
Jun. 30, 2017
Business Combinations [Abstract]  
Summary of Consideration Transferred
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 consideration transferred
114,538

Issuance of Common Stock
(22,000
)
Cash Consideration Transferred
$
92,538

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
Summary of fair values of assets and liabilities assumed at acquisition date
The purchase price allocation as of the date of the acquisition was 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

The Company determined the fair value of the net assets acquired as follows:
(Restated)
Purchase Price Allocation
 
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

 
Operating results of discontinued operations
The following is a summary of the operating results of Intralinks during the three and six months ended June 30, 2017, which have been reflected within income from discontinued operations, net of tax:
 
Three Months Ended
June 30, 2017
 
Six Months Ended
June 30, 2017
Net revenues
$
64,952

 
$
104,211

Costs and expenses:
 
 
 
Cost of services
12,040

 
20,796

Research and development
7,029

 
12,452

Selling, general and administrative
40,050

 
69,518

Net change in contingent consideration obligation
—

 
—

Restructuring charges
7,407

 
15,433

Depreciation and amortization
12,552

 
22,690

Total costs and expenses
79,078

 
140,889

Loss from discontinued operations
(14,126
)
 
(36,678
)
Other income, net
657

 
927

Loss from discontinued operations, before taxes
(13,469
)
 
(35,751
)
Benefit for income taxes
6,694

 
12,842

Discontinued operations, net of taxes
$
(6,775
)
 
$
(22,909
)
The following is a summary of the operating results of BPO which have been reflected within income from discontinued operations, net of tax:
 
Three Months Ended
June 30, 2016
(Restated)
 
Six Months Ended June 30, 2016
(Restated)
Net revenues
$
38,108

 
$
74,464

Costs and expenses:
 
 
 
Cost of services
23,001

 
44,859

Selling, general and administrative
718

 
1,437

Total costs and expenses
23,719

 
46,296

Income from discontinued operations before taxes
14,389

 
28,168

Benefit (provision) for income taxes
4,596

 
(10,369
)
Discontinued operations, net of taxes
$
18,985

 
$
17,799