XML 85 R25.htm IDEA: XBRL DOCUMENT v3.19.3
Acquisitions (Tables)
9 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]  
Schedule of final allocation of total purchase consideration
A summary of the final allocation of total purchase consideration is presented as follows (in thousands):
 
Metronode
 
Infomart Dallas
Cash and cash equivalents
$
3,206

 
$
17,432

Accounts receivable
8,318

 
637

Other current assets
9,421

 
395

Property, plant, and equipment
297,092

 
362,023

Intangible assets
128,229

 
65,847

Goodwill
410,188

 
197,378

Other assets (1)
44,373

 
—

Total assets acquired
900,827

 
643,712

Accounts payable and accrued liabilities
(17,104
)
 
(5,056
)
Other current liabilities
(2,038
)
 
(2,141
)
Deferred tax liabilities
(31,281
)
 
—

Other liabilities (1)
(45,851
)
 
(4,723
)
Net assets acquired
$
804,553

 
$
631,792

 
(1) 
In connection with the Metronode Acquisition, the Company recorded indemnification assets of $44.4 million, which represented the seller's obligation under the purchase agreement to reimburse pre-acquisition tax liabilities settled after the acquisition.
Schedule of acquired intangible assets
The following table presents certain information on the acquired intangible assets (in thousands):
Intangible Assets
 
Fair Value
 
Estimated Useful Lives (Years)
 
Weighted-average Estimated Useful Lives (Years)
Customer relationships (Metronode)
 
$
128,229

 
20.0
 
20.0
Customer relationships (Infomart Dallas)
 
35,860

 
20.0
 
20.0
In-place leases (Infomart Dallas)
 
19,960

 
3.6 - 7.5
 
6.8
Trade names (Infomart Dallas)
 
9,552

 
20.0
 
20.0
Favorable leases (Infomart Dallas)
 
475

 
3.6 - 7.5
 
7.0