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Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The information below represents the preliminary purchase price allocation of OptimalPlus (in thousands):

July 2, 2020
Consideration Transferred352,642 
Cash17,661 
Intangible assets127,600 
Goodwill227,280 
Contract assets 15,454 
Deferred revenue(7,341)
Accounts receivable4,927 
Other assets and liabilities(2,545)
Deferred tax liabilities(30,394)
Net assets acquired352,642 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination The following table summarizes the preliminary purchase price allocation, and the preliminary average remaining useful lives, for identifiable intangible assets acquired (dollars in thousands):
Estimated Fair ValueEstimated Useful Lives (in years)
Customer relationships
30,100 5
Developed technology81,400 6
In-process research and development (IPR&D)10,200 6
Other intangibles
5,900 
3-5
Total127,600 
Business Acquisition, Pro Forma Information
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
(in thousands)(unaudited)(unaudited)
Net sales
$309,142 $348,401 $929,381 $1,009,102 
Net income
$4,907 $42,522 $123,766 $65,796