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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2017
Business Combinations [Abstract]  
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed at Acquisition

The following table summarizes the preliminary acquisition date estimated fair values of the assets acquired and liabilities assumed for Callpointe, Vocus and 911 ETC and the final acquisition date fair value of assets acquired and liabilities assumed for Synrevoice.

 

(Amounts in thousands)

 

Callpointe

 

 

Vocus

 

 

911 ETC

 

 

Synrevoice

 

Working Capital

 

$

668

 

 

$

(177

)

 

$

743

 

 

$

(1,967

)

Property and equipment

 

 

275

 

 

 

2,272

 

 

 

135

 

 

 

21

 

Other assets, net

 

 

 

 

 

32

 

 

 

 

 

 

 

Intangible assets

 

 

12,690

 

 

 

685

 

 

 

6,484

 

 

 

6,455

 

Goodwill

 

 

17,109

 

 

 

1,206

 

 

 

5,004

 

 

 

4,720

 

Total assets acquired

 

 

30,742

 

 

 

4,018

 

 

 

12,366

 

 

 

9,229

 

Long-term liabilities

 

 

4,834

 

 

 

23

 

 

 

2,191

 

 

 

 

Total liabilities assumed

 

 

4,834

 

 

 

23

 

 

 

2,191

 

 

 

 

Net assets acquired

 

$

25,908

 

 

$

3,995

 

 

$

10,175

 

 

$

9,229

 

 

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 Callpointe, Vocus, 911 ETC and Synrevoice occurred as of the beginning of the year prior to acquisition. 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 June 30,

 

 

Six Months Ended June 30,

 

(Amounts in thousands)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Revenue

 

$

575,125

 

 

$

585,965

 

 

$

1,150,114

 

 

$

1,161,337

 

Net income

 

$

45,099

 

 

$

32,558

 

 

$

99,320

 

 

$

76,469

 

Income per common share—basic

 

$

0.54

 

 

$

0.39

 

 

$

1.19

 

 

$

0.92

 

Income per common share—diluted

 

$

0.53

 

 

$

0.39

 

 

$

1.16

 

 

$

0.91