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Acquisitions (Tables)
 3 Months Ended
Mar. 31, 2020
Business Combinations [Abstract]  
Schedule of Business Acquisitions
The following is a summary of the allocation of the purchase price to the assets and liabilities acquired, based on the fair value at the date of acquisition:
(In thousands)
 
 
Total consideration, net of $5,589 in cash acquired
 
$
260,455

 
 
 
Less:
 
 
Network relationships(a) (d)
 
112,893

Customer relationships(b)(d)
 
33,963

Brand name(c) (d)
 
442

Deposits
 
(5,169
)
Accrued expenses
 
(420
)
Recorded goodwill
 
$
118,746

(a) Weighted average life - 10.1 years.
(b) Weighted average life - 5.0 years.
(c) Weighted average life - 1.0 year.
(d) The weighted average life of all amortizable intangible assets acquired in this business combination is 8.9 years.
The following is a summary of the allocation of the purchase price to the assets and liabilities acquired, based on the fair value at the date of acquisition:
(In thousands)
 
 
Total consideration, net of $44,947 in cash acquired
 
$
293,767

 
 
 
Less:
 
 
Accounts receivable
 
22,134

Property and equipment
 
549

Network relationships(a) (c)
 
100,900

Developed technologies(b) (c)
 
15,000

Other assets
 
2,379

Accounts payable
 
(33,521
)
Deferred income taxes
 
(21,194
)
Other liabilities
 
(2,367
)
Recorded goodwill
 
$
209,887

(a) Weighted average life - 8.3 years.
(b) Weighted average life - 2.9 years.
(c) The weighted average life of all amortizable intangible assets acquired in this business combination is 7.6 years.
The following is a summary of the allocation of the purchase price to the assets and liabilities acquired, based on the fair value at the date of acquisition:
(In thousands)
 
 
Cash consideration, net of $125,865 in cash and restricted cash acquired
 
$
300,191

Fair value of redeemable non-controlling interest
 
100,000

Total consideration, net of cash and restricted cash acquired
 
$
400,191

Less:
 
 
Accounts receivable
 
10,722

Property and equipment
 
4,904

Customer relationships(a)(d)
 
213,600

Developed technologies(b)(d)
 
38,900

Trademarks and trade names(c)(d)
 
13,800

Other assets
 
13,601

Accounts payable
 
(3,071
)
Accrued expenses
 
(7,563
)
Restricted cash payable
 
(125,346
)
Deferred income taxes
 
(21,941
)
Other liabilities
 
(9,814
)
Recorded goodwill
 
$
272,399

(a) Weighted average life - 7.3 years.
(b) Weighted average life - 5.4 years.
(c) Weighted average life - 7.3 years.
(d) The weighted average life of all amortizable intangible assets acquired in this business combination is 7.0 years.
Business Acquisition, Pro Forma Information
The following represents unaudited pro forma operational results:
(In thousands, except per share data)
Three Months Ended March 31, 2019
Total revenues
$
400,982

Net income attributable to shareholders
$
18,810

Net income attributable to shareholders per share:
 
Basic
$
0.44

Diluted
$
0.43