XML 65 R32.htm IDEA: XBRL DOCUMENT v3.6.0.2
BUSINESS ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Schedule of assets acquired and liabilities assumed in a business acquisition
The preliminary allocation of purchase price to the assets acquired and the liabilities assumed is as follows (in thousands):
 
Fair Value
Accounts receivable
$
3,538

Total intangible assets with definite lives, net
55,400

Goodwill
52,450

Accounts payable and accrued liabilities
(7,582
)
Total purchase price
$
103,806

Schedule of definite-lived intangible assets acquired in a business acquisition
The fair value of the intangible assets with definite lives are as follows (dollars in thousands):
 
Fair Value
Weighted
Average
Amortization Life
Technology
$
27,900

4 years
Customer lists
$
23,200

12 years
Trade name and trademarks
$
4,300

5 years
Unaudited pro forma revenue and net income from continuing operations of business acquisition
 
2016
2015
 
(in thousands)
Pro forma revenue
$
448,418

$
308,647

Pro forma net income from continuing operations
$
33,407

$
41,099

Schedule of the allocation of purcahse price to the assets acquired
 
Fair Value
 
Weighted
Average
Depreciation Life
Land
$
5,818

 
N/A
Building
14,679

 
34.0 years
Site improvements
950

 
6.6 years
Tenant leases
2,029

 
3.2 years
Total purchase price
$
23,476

 
 
The allocation of the purchase price to the assets acquired is as follows (dollars in thousands):
 
Fair Value
 
Weighted
Average
Amortization Life
Accounts receivable
$
125

 
N/A
Total intangible assets with definite lives, net
$
4,500

 
9.2 years
Goodwill
$
375

 
N/A