Change in Control (Tables)

12 Months Ended

Dec. 31, 2016

Change In Control [Abstract]

Schedule of Sources and Uses of Purchase Price Consideration

The sources and uses of the purchase price consideration were as follows (in thousands):

Sources of cash consideration:
Sale of Successor common stock	$	414,000
Long-term debt issuance		530,000
Revolving loan		1,575
Original issue discount		(2,650	)
Loan origination fees		(15,487	)
Debt proceeds, net		513,438
Total sources of consideration paid	$	927,438
Uses of cash consideration:
Purchase of Predecessor common stock		780,829
Proceeds from stock option exercise		(15,221	)
Payment of Predecessor debt		143,728
Payment of Predecessor's selling expenses		11,962
Total uses of consideration paid	$	921,298

Schedule of Fair Value of Assets Acquired and Liabilities Assumed

The following table reconciles the fair value of the assets acquired and liabilities assumed to the total purchase price (in thousands):

Assets Acquired:
Cash and cash equivalents	$	17,845
Restricted cash		1,648
Accounts receivable		39,311
Unbilled services		13,065
Reimbursable pass-through expenses		12,184
Prepaid expenses and other current assets		12,205
Property and equipment		39,661
Goodwill		670,294
Intangible assets		306,307
Deferred income taxes		26,246
Other assets		3,237
Total assets acquired		1,142,003
Liabilities assumed:
Accounts payable and accrued expenses		16,608
Pre-funded study costs		36,483
Advanced billings		52,475
Deemed landlord liability		34,251
Debt		1,551
Deferred income taxes		69,448
Other liabilities		9,889
Total liabilities assumed		220,705
Net assets acquired	$	921,298