ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2017

Business Combinations [Abstract]

Schedule of business acquisitions

The following is the estimated fair value of the purchase price for Advantage on July 1, 2017:

	(amounts in thousands)
Purchase price	$	88,000
Net working capital adjustments	(1,438		)
Cash consideration	86,562
Cash acquired	2,833
Total funds disbursed	$	89,395

Schedule of assets acquired and liabilities assumed

The following table is an estimate of the fair value of the assets acquired and liabilities assumed on July 1, 2017.

	(amounts in thousands)
Cash and cash equivalents	$	2,833
Accounts receivable	14,396
Other current assets	392
Property and equipment	333
Goodwill	43,596
Other intangible assets	29,900
Total assets acquired	91,450
Accounts payable and accrued expenses	368
Accrued employee compensation and benefits	1,685
Other current liabilities	2
Total liabilities assumed	2,055
Net assets acquired	$	89,395

Pro forma information

The following unaudited pro forma financial information approximates the consolidated results of operations of the Company as if the Advantage acquisition had occurred as of January 1, 2016, after giving effect to certain adjustments, including additional interest expense on the amount the Company borrowed on the date of the transaction, the amortization of acquired intangible assets, and the elimination of certain expenses that will not be recurring in post-acquisition periods, net of an estimated income tax impact. These adjustments include removing transaction-related expenses of approximately $2.0 million for the nine months ended September 30, 2017. These results are not necessarily indicative of future results as they do not include incremental investments in support functions, elimination of costs for integration or operating synergies, or an estimate of any impact on interest expense resulting from the operating cash flow of the acquired business, among other adjustments that could be made in the future but are not factually supportable on the date of the transaction.

	Nine Months Ended
	September 30, 2017		September 30, 2016
	(unaudited, amounts in thousands except per share data)
Revenue from services	$	696,475	$	685,749
Net income attributable to common shareholders	$	13,165	$	18,096
Net income per share attributable to common shareholders - Basic	$	0.38	$	0.56
Net income per share attributable to common shareholders - Diluted	$	0.34	$	0.02