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Acquisitions (Tables)
3 Months Ended
Mar. 31, 2020
Business Combinations [Abstract]  
Schedule of Intangible Assets Acquired The following table summarizes the fair value and useful life of each intangible asset acquired:
 
 
 
Fair Value
 
Useful Life
 
 
 
 
 
(in years)
Identifiable intangible assets
 
 
 
 
 
Customer Relationships
 
$
191,000

 
20
 
Tradenames and Trademarks
 
44,000

 
5 - 10
 
Developed Technology
 
16,000

 
5
 
Interpreter Database
 
1,000

 
4
 
 
 
$
252,000

 
 

The following table summarizes the fair value and useful life of each intangible asset acquired:
 
 
 
Fair Value
 
Useful Life
 
 
 
 
 
(in years)
Identifiable intangible assets
 
 
 
 
 
Customer Relationships
 
$
68,000

 
10
 
Tradenames and Trademarks
 
10,000

 
5
 
Staffing Database
 
10,300

 
10
 
Developed Technology
 
3,400

 
3
 
 
 
$
91,700

 
 
Business Acquisition, Pro Forma Financial Information The pro forma financial information is not necessarily indicative of the operating results that would have occurred had the acquisitions been consummated as of the date indicated, nor is it necessarily indicative of our future operating results.
 
Three Months Ended March 31,
 
2020
 
2019
Revenue
$
616,333

 
$
583,311

Income from operations
$
44,853

 
$
30,745

Net income
$
18,674

 
$
18,681