Business Combinations (Tables)

3 Months Ended

Mar. 31, 2021

Business Combinations [Abstract]

Allocation of Total Purchase Price

The allocation of the total purchase price is summarized below (in thousands):

	Wrike
	Purchase Price Allocation		Asset Life
Current assets	$	32,008
Intangible assets	$	824,900	2 - 7 years
Goodwill	$	1,656,949	Indefinite
Other assets	$	17,380
Assets acquired	$	2,531,237
Current liabilities assumed	$	84,969
Long-term liabilities assumed	$	202,722
Deferred tax liabilities, non-current	$	176,540
Net assets acquired	$	2,067,006

Schedule of Intangible Assets Acquired

Identifiable intangible assets acquired in connection with the Wrike acquisition (in thousands) and the weighted-average lives are as follows:

	Wrike		Asset Life
Core and product technologies	$	347,900	6 years
Customer relationships	$	446,400	7 years
Backlog	$	13,500	2 years
Trade names	$	17,100	3 years
Total	$	824,900

Schedule of Pro Forma Information

The following unaudited pro-forma information combines the consolidated results of the operations of the Company and Wrike as if the acquisition had occurred on January 1, 2020, the first day of the Company's fiscal year 2020 (in thousands, except per share data):

	Three Months Ended March 31,
	2021		2020
Revenues	$	798,019	$	879,396
Income from operations	$	63,654	$	139,862
Net income	$	62,581	$	123,051
Earnings per share - basic	$	0.51	$	0.99
Earnings per share - diluted	$	0.50	$	0.96