Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2018 (in thousands):

Liability balance at December 31, 2017	$	12,961
Charges and adjustments, net (1) (2)	60,196
Payments, net of $783 in sublease rent	(15,730		)
Liability balance at September 30, 2018 (3)	$	57,427

(1) The Company recognized $6.1 million and $60.2 million of charges and adjustments, net during the three and nine months ended September 30, 2018, respectively, compared to $1.0 million and $21.1 million during the three and nine months ended September 30, 2017, respectively.

(2) During the nine months ended September 30, 2018, the Company recognized $4.5 million of expense for changes in our original estimates of exit cost obligations.

(3) In total, we estimate that the Company will make net cash payments of approximately $76.9 million for exit costs in connection with the activities described herein. Through September 30, 2018, in the aggregate, we have expensed $73.3 million and had net cash outlays of $15.9 million related to such activities.

Principal components of held-for-sale assets and liabilities

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

Cash and cash equivalents	$	19,624
Fees receivable, net	60,077
Goodwill	315,645
Intangible assets, net	302,415
Other assets (including prepaid expenses and fixed assets)	29,725
Total assets	$	727,486
Accounts payable and accrued liabilities	$	29,780
Deferred revenues	85,970
Other liabilities	50,743
Foreign currency translation adjustment	60,160
Total liabilities and foreign currency translation adjustment	$	226,653