XML 46 R31.htm IDEA: XBRL DOCUMENT v3.19.3
Acquisition (Tables)
9 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]  
Schedule of Final Fair Value of Assets Acquired and Liabilities Assumed
The final fair value of assets acquired and liabilities assumed is (in millions):
 
 
 
 
 
Purchase Price Allocation
Total purchase consideration
 
$
469.2

 
 
 
Allocation of consideration to assets acquired and liabilities assumed:
 
 
Cash, cash equivalents, and restricted cash
 
$
6.4

Accounts receivable, net
 
35.5

Prepaid expenses and other current assets
 
11.6

Property, equipment and software, net
 
25.4

Intangible assets, net
 
191.1

Goodwill
 
253.2

Other assets
 
0.3

Accounts payable
 
(6.4
)
Current portion of customer liabilities
 
(8.6
)
Accrued compensation and benefits
 
(7.7
)
Other accrued expenses
 
(6.2
)
Deferred income tax liabilities
 
(25.4
)
Net assets acquired
 
$
469.2


Schedule of Pro Forma Results
The following table summarizes, on a pro forma basis, the combined results of the Company as though the Acquisition had occurred as of January 1, 2017. These pro forma results are not necessarily indicative of either the actual consolidated results had the Acquisition occurred as of January 1, 2017 or of the future consolidated operating results. Pro forma results are (in millions):

 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30, 2018
 
September 30, 2018
Net services revenue
 
$
250.3

 
$
675.8

Net income (loss)
 
$
(12.8
)
 
$
(40.6
)