ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2017

Summary of the Preliminary Fair Value of Assets Acquired and Liabilities Assumed

The preliminary fair values of the assets acquired and liabilities assumed at the date of the transaction were as follows (in thousands):




Cash	$	11,583
Receivables	37,795
Prepaid expenses	1,679
Property and equipment	1,499
Other intangibles	23,450
Goodwill	201,289
Deferred tax assets	142
Other assets	1,149
Total assets acquired	278,586
Accounts payable	7,007
Accrued expenses	9,518
Accrued salaries and wages	10,784
Deferred revenue	1,505
Long-term obligations	2,098
Total liabilities assumed	30,912
Net assets acquired	$	247,674
Net cash paid	$	236,091
Actual cash paid	$	247,674

Summary of the Preliminary Fair Value of Intangible Assets Acquired

The following table summarizes the preliminary fair value of intangibles assets acquired at the date of acquisition and the related weighted average amortization period:



	Weighted average amortization period	Fair Value
	(in years)	(in thousands)
Customer relationships	16.0	$	21,100
Backlog	1.0	2,350
Total		$	23,450

Summary of Pro Forma Information

The table below summarizes the unaudited pro forma consolidated results of operations as if the acquisition of Sotera had occurred on January 1, 2016. The unaudited pro forma financial information was prepared based on historical financial information. The unaudited pro forma results below do not include any adjustments that may have resulted from synergies, eliminations of intercompany transactions or from amortization of intangibles (other than during the period following the closing of the Sotera acquisition). The pro forma financial information is not intended to reflect the actual results of operations that would have occurred if the acquisition had been completed on January 1, 2016, nor is it intended to be an indication of future operating results.



	Three months ended September 30,					Nine months ended September 30,
	2017			2016		2017			2016
	(unaudited and in thousands)
Revenues	$	122,394		$	136,699	$	376,653		$	411,614
Net (loss) income from continuing operations	(4,156		)	3,980		(30,584		)	5,792