Acquisitions and Divestitures (Tables)

6 Months Ended

Jun. 30, 2018

Business Combinations [Abstract]

Summary of amounts related to new building

The following table presents a summary of the activity related to our accrual for exit costs at all of our facilities during the six months ended June 30, 2018 (in thousands):

Liability balance at December 31, 2017	$	12,961
Charges and adjustments, net (1) (2)	54,069
Payments, net of $316 in sublease rent	(9,890		)
Liability balance at June 30, 2018 (3)	$	57,140

(1) The Company recognized $9.8 million and $54.1 million of charges and adjustments, net during the three and six months ended June 30, 2018, respectively, compared to $20.8 million during both the three and six months ended June 30, 2017.

(2) For the six months ended June 30, 2018, the Company recognized $4.9 million of expense for changes in its exit cost estimates.

(3) In total, we estimate that we will make net cash payments of approximately $70.0 million for exit costs in connection with the activities described herein. Through June 30, 2018, in the aggregate, we have expensed $67.2 million and had net cash outlays of $10.0 million related to such activities.

Principal components of held-for-sale assets and liabilities

The principal components of the assets and liabilities divested in the above transactions are summarized in the table below (in thousands):

Cash and cash equivalents	$	19,625
Fees receivable, net	48,305
Goodwill	246,210
Intangible assets, net	264,120
Other assets (including prepaid expenses and fixed assets)	27,820
Total assets	$	606,080
Accounts payable and accrued liabilities	$	26,022
Deferred revenues	68,910
Other liabilities	51,131
Foreign currency translation adjustment	60,310
Total liabilities and foreign currency translation adjustment	$	206,373