Acquisitions (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Final Purchase Price Allocation

A summary of the allocation of total purchase consideration is presented as follows (in thousands):



	Itconic			Zenium data center			IO UK's data center
Cash and cash equivalents	$	15,659		$	692		$	1,388
Accounts receivable	16,429			198			7
Other current assets	1,885			6,430			1,082
Property, plant, and equipment	65,356			58,931			40,251
Intangible assets	101,755			7,900			6,252
Goodwill	126,855			21,834			15,804
Deferred tax assets	—			—			6,714
Other assets	4,025			313			3,396
Total assets acquired	331,964			96,298			74,894
Accounts payable and accrued liabilities	(15,847		)	(1,012		)	(439		)
Other current liabilities	(12,374		)	(451		)	(168		)
Capital lease and other financing obligations	(30,666		)	—			(33,091		)
Loans payable	(3,253		)	—			(4,067		)
Deferred tax liabilities	(3,198		)	(2,227		)	—
Other liabilities	(7,515		)	(614		)	(828		)
Net assets acquired	$	259,111		$	91,994		$	36,301

The final purchase price allocation is as follows (in thousands):



	Certain Verizon Data Center Assets
Cash and cash equivalents	$	1,073
Accounts receivable	2,019
Other current assets	7,319
Property, plant, and equipment	840,335
Intangible assets ⁽¹⁾	1,693,900
Goodwill	1,095,262
Total assets acquired	3,639,908
Accounts payable and accrued liabilities	(1,725		)
Other current liabilities	(2,020		)
Capital lease and other financing obligations	(17,659		)
Deferred tax liabilities	(18,129		)
Other liabilities	(5,689		)
Net assets acquired	$	3,594,686


(1)	The nature of the intangible assets acquired is customer relationships with an estimated useful life of 15 years. Included in this amount is a customer relationship intangible asset for Verizon totaling $245.3 million. Pursuant to the acquisition agreement, the Company formalized agreements to provide pre-existing space and services to Verizon at the acquired data centers.

Pro Forma Consolidated Operations

The following table sets forth the unaudited pro forma combined results of operations for the three months ended March 31, 2017 (in thousands, except per share amounts):



	Three months ended March 31, 2017
Revenues	$	1,055,805
Net income from operations	41,958
Basic EPS	0.54
Diluted EPS	0.54