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Acquisition (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Allocation of Purchase Price
The allocation of the total purchase prices is summarized below (in thousands):
 
Sapho
 
Cedexis
 
Purchase Price Allocation
 
Asset Life
 
Purchase Price Allocation
 
Asset Life
Current assets
$
4,671

 

 
$
8,961

 

Intangible assets
53,600

 
5 years
 
27,200

 
1-6 years
Goodwill
144,173

 
Indefinite
 
44,003

 
Indefinite
Deferred taxes

 

 
3,173

 

Other assets

 

 
69

 

Assets acquired
202,444

 
 
 
83,406

 
 
Current liabilities assumed
3,323

 
 
 
5,711

 
 
Assumed debt

 
 
 
5,674

 
 
Other long term liabilities assumed
370

 
 
 

 
 
Deferred taxes
12,094

 
 
 

 
 
Net assets acquired
$
186,657

 
 
 
$
72,021

 
 

Schedule of Intangible Assets Acquired
Identifiable intangible assets acquired in connection with the 2018 Business Combinations (in thousands) and the weighted-average lives are as follows:
 
Sapho
 
Asset Life
 
Cedexis
 
Asset Life
Customer relationships
$
1,600

 
5 years
 
$
2,000

 
1 year
Developed technology
52,000

 
5 years
 
23,800

 
5-6 years
Tradenames

 

 
1,400

 
1 year
Total
$
53,600

 
 
 
$
27,200

 
 
Schedule of Pro-Forma Information
The following unaudited pro-forma information combines the consolidated results of the operations of the Company and the 2018 Business Combinations as if the acquisitions had occurred on January 1, 2017, the first day of the Company’s fiscal year 2017 (in thousands):
 
 
Twelve Months Ended December 31
 
 
2018
 
2017
Revenues
 
$
2,977,155

 
$
2,838,880

Income from continuing operations
 
651,047

 
530,470

Net income (loss)
 
550,985

 
(56,601
)