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Business Combination (Tables)
12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Allocation of Purchase Price
(In thousands)
Purchase Price
Cash consideration, net of acquired cash received
$
162,611

Fair value of common stock and options issued as consideration
97,017

Total consideration
$
259,628

The allocation of the purchase price paid for HHI was as follows:
(In thousands)
Purchase Price Allocation
Acquired cash
$
5,371

Accounts receivable
5,789

Financing receivables
2,184

Inventories
216

Prepaid expenses
3,228

Property and equipment
1,263

Intangible assets
117,300

Goodwill
168,449

Accounts payable and accrued liabilities
(17,490
)
Deferred taxes, net
(4,010
)
Contingent consideration
(1,620
)
Deferred revenue
(15,681
)
Net assets acquired
$
264,999

Pro Forma Results on Income
The following unaudited pro forma revenue, net income and earnings per share amounts for the years ended December 31, 2016 and 2015 give effect to the HHI acquisition as if it had been completed on January 1, 2015. The pro forma financial information is presented for illustrative purposes only and is not necessarily indicative of what the operating results actually would have been during the periods presented had the HHI acquisition been completed during the periods presented. In addition, the unaudited pro forma financial information does not purport to project future operating results. The pro forma information does not fully reflect: (1) any anticipated synergies (or costs to achieve synergies) or (2) the impact of non-recurring items directly related to the HHI acquisition.
 
Years Ended December 31,
(In thousands, except per share data, unaudited)
2016
 
2015
Pro forma revenues
$
270,974

 
$
290,071

Pro forma net income
$
8,538

 
$
3,484

Pro forma diluted earnings per share
$
0.64

 
$
0.26