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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
Schedule of Acquisition Date Fair Value of Assets and Liabilities

The following table summarizes the August 8, 2013 acquisition-date fair value of the assets and liabilities acquired in connection with the GrubHub Holdings Inc. business combination:

 

 

 

(in thousands)

 

Cash and cash equivalents

 

$

13,266

 

Accounts receivable

 

 

2,108

 

Other identifiable assets

 

 

4,422

 

Customer and vendor relationships

 

 

167,450

 

Deferred tax asset

 

 

4,013

 

Deferred tax liability

 

 

(88,937

)

Developed technology

 

 

5,143

 

Goodwill

 

 

239,346

 

Liabilities assumed

 

 

(10,602

)

Trademarks

 

 

85,276

 

Total net assets acquired

 

$

421,485

 

 

Pro Forma Summary of Operation

The following unaudited pro forma information presents a summary of the operating results of the Company for the year ended December 31, 2013 as if GrubHub Inc. had acquired GrubHub Holdings Inc. as of January 1, 2013:

 

 

 

Year Ended

December 31, 2013

 

 

 

(in thousands)

 

Revenues

 

$

170,086

 

Net income

 

 

4,160

 

 

Pro Forma Adjustments

The pro forma adjustments reflect the additional amortization that would have been recognized for the intangible assets, replacement stock option awards compensation cost for services performed after the Merger, elimination of transaction costs incurred and pro forma tax adjustments for the year ended December 31, 2013 as follows:

 

 

 

Year Ended

December 31, 2013

 

 

 

(in thousands)

 

Amortization of intangible assets

 

$

6,475

 

Stock-based compensation

 

 

2,997

 

Transaction costs

 

 

(9,131

)

Income tax benefit

 

 

(3,050

)