1st Global Acquisition (Tables)

3 Months Ended

Mar. 31, 2020

Summary of Fair Values of Assets and Liabilities Assumed

The purchase price was allocated to 1st Global’s tangible assets, identifiable intangible assets, and assumed liabilities based on their estimated fair values at the time of the 1st Global Acquisition.

As of March 31, 2020, the fair values of assets acquired and liabilities assumed in the 1st Global Acquisition were as follows (in thousands):


	Purchase Price Allocation at December 31, 2019		Purchase Price Allocation Adjustments Since December 31, 2019		Purchase Price Allocation at March 31, 2020
Assets acquired:
Tangible assets acquired, including cash of $12,389	$	38,413	$	—	$	38,413
Goodwill	117,792		(666)		117,126
Identifiable intangible assets	83,980		—		83,980
Liabilities assumed:
Contingent liability	(11,052)		—		(11,052)
Deferred revenues	(17,715)		—		(17,715)
Other current liabilities	(12,956)		281		(12,675)
Deferred tax liabilities, net	(18,462)		385		(18,077)
Total assets acquired and liabilities assumed	$	180,000	$	—	$	180,000