v3.19.3.a.u2

Business Combination (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations [Abstract] |
Schedule of estimated fair values of the assets acquired and liabilities assumed | The following table reflects the Company’s completed valuation of the assets acquired and liabilities assumed of Trilogy as of the date of the acquisition:
| Estimated Average Useful Life (in years) |  | Purchase Price Allocation
|  |  | (in thousands)
Cash and cash equivalents |  |  | $ | 35,320 |
Current assets |  |  | 30,081 |
Property and equipment, net |  |  | 2,411 |
Other non-current assets |  |  | 6,276 |
Amortizable intangible assets: |  |  |  |
Developed technology | 3 |  | 48,096 |
Developed content | 4 |  | 48,050 |
University client relationships | 10 |  | 84,150 |
Trade names and domain names | 5 |  | 7,100 |
Goodwill |  |  | 425,346 |
Current liabilities |  |  | (57,010 | )
Non-current liabilities |  |  | (21,224 | )
|  |  | $ | 608,596 |
Schedule of unaudited pro forma combined revenue and net loss | The following table presents the Company’s unaudited pro forma combined revenue, pro forma combined net loss and pro forma combined net loss per share for the years ended December 31, 2019 and 2018, as if the acquisition of Trilogy had occurred on January 1, 2018:
| Year Ended December 31,
| 2019 |  | 2018
| (in thousands, except per share amounts)
Pro forma revenue | $ | 624,796 |  |  | $ | 497,637 |
Pro forma net loss | (268,900 | ) |  | (109,508 | )
Pro forma net loss per share, basic and diluted | $ | (4.38 | ) |  | $ | (1.96 | )

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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