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Acquisitions and Dispositiions Acquisition of Business (Tables)
12 Months Ended
Dec. 31, 2019
New Voice Media  
Business Acquisition [Line Items]  
Estimated fair values of assets acquired and liabilities assumed
The table below summarizes the NVM assets acquired and liabilities assumed as of October 31, 2018:
 
Preliminary Acquisition Date Fair Value as of December 31, 2018
Measurement Period Adjustments
Final Acquisition Date Fair Value
Assets
 
 
 
Cash and cash equivalents
$
1,994

 
$
1,994

Accounts receivable
13,747

(1,448
)
$
12,299

Other current assets
3,907

(565
)
$
3,342

Property and equipment
3,474

 
$
3,474

Intangible assets
154,300

 
$
154,300

Other assets
378

 
$
378

Total assets acquired
177,800

(2,013
)
175,787

 
 
 
 
Liabilities

 
 
Accounts payable
4,712

 
4,712

Accrued expenses
4,145

333

4,478

Deferred tax liabilities
7,756

(598
)
7,158

Deferred revenue
22,000

800

22,800

Total liabilities assumed
38,613

535

39,148

 
 
 
 
Net identifiable assets acquired
139,187

(2,548
)
136,639

Goodwill
210,992

2,548

213,540

Total purchase price
$
350,179

$

$
350,179


Pro forma financial information
The following supplemental pro forma information represents the results of operations if Vonage had acquired NVM on January 1, 2018.
  
 
For the year ended
  
 
December 31, 2018
Revenue
 
$
1,105,674

Net loss
 
(17,475
)
Loss per share - basic
 
(0.07
)
Loss per share - diluted
 
(0.07
)

TokBox  
Business Acquisition [Line Items]  
Estimated fair values of assets acquired and liabilities assumed
The table below summarizes the TokBox assets acquired and liabilities assumed as of August 1, 2018:
 
Acquisition Date Fair Value
Assets
 
Cash and cash equivalents
$
557

Current assets
2,205

Property and equipment
124

Intangible assets
15,602

Deferred tax asset
92

Restricted cash
50

Total assets acquired
18,630

 
 
Liabilities
 
Accounts payable
371

Accrued expenses
6,003

Total liabilities assumed
6,374

 
 
Net identifiable assets acquired
12,256

Goodwill
20,650

Total purchase price
$
32,906


Pro forma financial information
The following supplemental pro forma information represents the results of operations if Vonage had acquired TokBox on January 1, 2018.
  
 
For the year ended
  
 
December 31, 2018
Revenue
 
$
1,054,649

Net income
 
19,459

Earnings per share - basic
 
0.08

Earnings per share - diluted
 
0.08


Nexmo  
Business Acquisition [Line Items]  
Estimated fair values of assets acquired and liabilities assumed

Schedule of allocated acquisition costs