XML 41 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Acquisitions - Narrative (Details)
3 Months Ended 9 Months Ended
Feb. 14, 2020
USD ($)
Dec. 19, 2019
USD ($)
Jun. 14, 2019
USD ($)
Jan. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
acquisition
Sep. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
Feb. 09, 2018
USD ($)
Business Acquisition [Line Items]                        
Number of acquisitions | acquisition                 4      
Cash consideration                 $ 476,491,000 $ 228,222,000    
Goodwill         $ 869,941,000       869,941,000   $ 595,551,000  
Revenue         551,631,000     $ 567,597,000 1,762,443,000 1,635,215,000    
Income before income taxes         33,898,000     31,909,000 85,545,000 110,379,000    
Interest expense         12,564,000     7,830,000 35,061,000 19,568,000    
Stratus and Advanced                        
Business Acquisition [Line Items]                        
Acquisition-related costs         1,023,000       11,662,000      
Incremental acquisition-related costs               4,512,000   20,438,000    
Amortization of intangible assets               1,307,000   10,924,000    
Interest expense               1,246,000   5,465,000    
Stratus Video                        
Business Acquisition [Line Items]                        
Cash consideration $ 485,568,000         $ 99,000            
Acquisition-related costs                 10,548,000      
Initial purchase price           485,667,000            
Fair value of tangible assets acquired           44,880,000            
Cash and restricted cash received           9,176,000            
Liabilities assumed           61,640,000            
Identifiable intangible assets $ 228,000,000         228,000,000            
Goodwill           274,427,000            
Goodwill expected to be deductible for tax purposes           $ 10,186,000            
Intangible assets acquired, weighted average useful life 17 years                      
Revenue         35,329,000       78,080,000      
Income before income taxes         $ 8,322,000       $ 13,787,000      
Stratus Video | Tradenames and Trademarks                        
Business Acquisition [Line Items]                        
Identifiable intangible assets $ 40,000,000                      
Useful life         5 years              
Stratus Video | Tradenames and Trademarks | Maximum                        
Business Acquisition [Line Items]                        
Useful life 10 years                      
Stratus Video | Developed Technology                        
Business Acquisition [Line Items]                        
Identifiable intangible assets $ 16,000,000                      
Useful life 5 years                      
Stratus Video | Customer Relationships                        
Business Acquisition [Line Items]                        
Identifiable intangible assets $ 171,000,000                      
Useful life 20 years                      
Advanced                        
Business Acquisition [Line Items]                        
Cash consideration     $ 201,121,000         73,000        
Initial purchase price     211,743,000                  
Fair value of tangible assets acquired               29,020,000   29,020,000    
Cash and restricted cash received               2,497,000   2,497,000    
Liabilities assumed               28,772,000   28,772,000    
Identifiable intangible assets     $ 91,700,000         91,700,000   91,700,000    
Goodwill               119,868,000   119,868,000    
Goodwill expected to be deductible for tax purposes               57,236,000   $ 57,236,000    
Intangible assets acquired, weighted average useful life     9 years                  
Contingent earn-out payment (up to)     $ 20,000,000                  
Estimated fair value of contingent earn-out payment     10,622,000                  
Purchase price, net of working capital adjustments               $ 211,816,000        
Advanced | Tradenames and Trademarks                        
Business Acquisition [Line Items]                        
Identifiable intangible assets     $ 10,000,000                  
Useful life     5 years                  
Advanced | Developed Technology                        
Business Acquisition [Line Items]                        
Identifiable intangible assets     $ 3,400,000                  
Useful life     3 years                  
Advanced | Customer Relationships                        
Business Acquisition [Line Items]                        
Identifiable intangible assets     $ 68,000,000                  
Useful life     10 years                  
b4health                        
Business Acquisition [Line Items]                        
Cash consideration   $ 19,906,000                    
Initial purchase price   $ 23,006,000                    
Fair value of tangible assets acquired             $ 1,169,000          
Cash and restricted cash received             222,000          
Liabilities assumed             823,000          
Identifiable intangible assets             9,000,000          
Goodwill             13,594,000          
Intangible assets acquired, weighted average useful life   7 years                    
Contingent earn-out payment (up to)   $ 12,000,000                    
Estimated fair value of contingent earn-out payment   $ 3,100,000                    
Final working capital settlement             66,000          
Purchase price, net of working capital adjustments             22,940,000          
b4health | Developed Technology                        
Business Acquisition [Line Items]                        
Identifiable intangible assets             3,000,000          
b4health | Customer Relationships                        
Business Acquisition [Line Items]                        
Identifiable intangible assets             4,000,000          
b4health | Trademarks                        
Business Acquisition [Line Items]                        
Identifiable intangible assets             $ 2,000,000          
Silversheet                        
Business Acquisition [Line Items]                        
Cash consideration       $ 30,176,000                
Initial purchase price       31,676,000                
Fair value of tangible assets acquired       2,826,000                
Cash and restricted cash received       651,000                
Liabilities assumed       1,567,000                
Identifiable intangible assets       6,880,000                
Goodwill       $ 23,537,000                
Intangible assets acquired, weighted average useful life       8 years                
Contingent earn-out payment (up to)       $ 25,000,000                
Estimated fair value of contingent earn-out payment       1,500,000                
Silversheet | Based on operating results for the twelve months ending December 31, 2019                        
Business Acquisition [Line Items]                        
Contingent earn-out payment (up to)       6,000,000                
Silversheet | Based on operating results for the twelve months ending December 31, 2020                        
Business Acquisition [Line Items]                        
Contingent earn-out payment (up to)       19,000,000                
Silversheet | Developed Technology                        
Business Acquisition [Line Items]                        
Identifiable intangible assets       5,300,000                
Silversheet | Trademarks                        
Business Acquisition [Line Items]                        
Identifiable intangible assets       $ 1,500,000                
Revolving Credit Facility | Line of Credit                        
Business Acquisition [Line Items]                        
Maximum borrowing capacity                       $ 400,000,000
Term Loan | Term Debt                        
Business Acquisition [Line Items]                        
Term loan credit facility $ 250,000,000   $ 150,000,000