BUSINESS ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2020

Summary of preliminary allocation of purchase consideration

A summary of the preliminary allocation of the purchase consideration for ECI is as follow (in thousands):



Fair value of consideration transferred:
Cash consideration:
Repayment of ECI outstanding debt obligations	$	183,266
Cash paid to selling shareholders	139,244
Payment to selling shareholders from sale of ECI real estate assets	33,400
Less cash and restricted cash acquired	(9,058		)
Net cash consideration	346,852
Fair value of Ribbon stock issued	108,550
Fair value of total consideration	$	455,402

Fair value of assets acquired and liabilities assumed:
Current assets, net of cash and restricted cash acquired	$	131,447
Property and equipment	55,207
Intangible assets:
In-process research and development	31,000
Developed technology	106,900
Customer relationships	114,000
Trade names	2,000
Goodwill	189,493
Other noncurrent assets	56,204
Deferred revenue	(7,731		)
Other current liabilities	(143,873		)
Deferred revenue, net of current	(6,641		)
Deferred tax liability	(13,308		)
Other long-term liabilities	(59,296		)
	$	455,402

Unaudited pro forma results

The unaudited pro forma results do not reflect any operating efficiencies or potential cost savings that may result from the consolidation of the operations of Ribbon and ECI. Accordingly, these unaudited pro forma results are presented for illustrative purposes and are not intended to represent or be indicative of the actual results of operations of the combined company that would have been achieved had the ECI Merger occurred at January 1, 2019, nor are they intended to represent or be indicative of future results of operations (in thousands, except per share amounts):



	Three months ended
	March 31, 2020			March 31, 2019
Revenue	$	183,189		$	208,947
Net loss	$	(39,129	)	$	(63,699	)
Loss per share	$	(0.25	)	$	(0.45	)

Schedule of components of acquisition related costs

The Company's acquisition- and integration-related expenses for the three months ended March 31, 2020 and 2019 were as follows (in thousands):



	Three months ended
	March 31, 2020		March 31, 2019
Professional and services fees (acquisition-related)	$	12,374	$	1,505
Integration-related expenses	10		1,694
	$	12,384	$	3,199