Acquisitions (Tables)

9 Months Ended

Sep. 30, 2016

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed at Acquisition

The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the respective acquisition dates for Synrevoice and Magnetic North and the final fair value of assets acquired and liabilities assumed for ClientTell and SharpSchool.

(Amounts in thousands)	Synrevoice			ClientTell		Magnetic North		SharpSchool
Working Capital	$	(2,118	)	$	501	$	402	$	(1,042	)
Property and equipment		21			429		574		782
Other assets, net		—			2		—		77
Intangible assets		6,455			26,300		16,361		9,092
Goodwill		4,893			15,004		24,836		8,254
Total assets acquired		9,251			42,236		42,173		17,163
Non-current deferred taxes		—			—		3,016		—
Long-term liabilities		—			3,828		—		—
Total liabilities assumed		—			3,828		3,016		—
Net assets acquired	$	9,251		$	38,408	$	39,157	$	17,163

Summary of Unaudited Pro Forma Results of Operations

The following unaudited pro forma financial information presents the combined results of operations as if the acquisitions of Synrevoice, ClientTell, Magnetic North, and SharpSchool (collectively, the acquirees) occurred as of the beginning of the period presented. The pro forma results contained in the table below include adjustments for amortization of acquired intangibles, finance and acquisition costs as well as related income taxes.

	Three Months Ended		Nine Months Ended September 30,
(Amounts in thousands)	September 30, 2015		2016		2015
Revenue	$	581,505	$	1,725,488	$	1,734,603
Income from continuing operations		50,541		124,940		147,129
Income per common share from continuing operations— basic		0.61		1.51		1.76
Income per common share from continuing operations— diluted		0.60		1.48		1.72