Annual report pursuant to Section 13 and 15(d)

Business Combinations (Tables)

v3.3.1.900
Business Combinations (Tables)
12 Months Ended
Dec. 31, 2015
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The following table summarizes the preliminary fair value of the assets and liabilities assumed in the acquisitions (in thousands):

 
Weighted Average Useful Life (Years)
 
Amounts at September 30, 2015 (Preliminary)
 
Adjustments
 
Purchase Price Allocation, as Adjusted
Goodwill
 
 
$
38,832

 
$
2,261

 
$
41,093

Customer relationships
7.6
 
19,200

 
(5,200
)
 
14,000

Developed technology
5.7
 
21,800

 
100

 
21,900

Trade name
5.0
 
200

 

 
200

Accounts receivable
 
 
6,814

 
(364
)
 
6,450

Property and equipment
 
 
1,783

 

 
1,783

Deferred tax liability (preliminary)
 
 
(12,952
)
 
1,905

 
(11,047
)
Accrued expenses
 
 
(4,045
)
 
(334
)
 
(4,379
)
Other liabilities assumed, net of assets acquired
 
 
(2,033
)
 
364

 
(1,669
)
Total consideration transferred
 
 
$
69,599

 
$
(1,268
)
 
$
68,331

Schedule of Business Combination, Cash Flows
The cash flows related to the Row 44 Merger in the Business Combination, as reported in the consolidated statements of cash flows within the investing section for the year ended December 31, 2013, is summarized as follows (in thousands):

 
Amount
Operating cash
$
8

Add: cash held in trust
189,255

Less: cash paid for GEAC shares that were redeemed
(101,286
)
Add: cash received from backstop participants
71,250

Net cash received from Row 44 Merger
$
159,227

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The consideration to acquire PMG was allocated to the acquisition date fair values of assets acquired and liabilities assumed as follows (in thousands):

 
Amount
Goodwill
$
4,843

Trade names
1,171

Customer relationships
10,863

Non-compete
396

Fixed assets
3,284

Other assets
1,334

Accounts payable and accrued liabilities
(12,579
)
Other assets acquired, net of liabilities assumed
6,384

Total consideration transferred
$
15,696

The following table summarizes the fair value of the assets and liabilities assumed in the IFES stock purchase (in thousands):

 
Amount
Goodwill
$
12,425

Trade names
341

Customer relationships
28,258

Fixed assets
3,498

Liabilities assumed, net of other assets acquired
(8,276
)
Total consideration transferred
$
36,246

The consideration to acquire AIA was allocated to the acquisition date fair values of assets acquired and liabilities assumed as follows (in thousands):

 
Amount
Goodwill
$
35,385

Existing technology – software
2,574

Existing technology – games
12,331

IPR&D
7,317

Customer relationships
80,758

Other intangibles
2,568

Content library
14,297

Accounts receivable, net of allowances
31,984

Deferred tax liability
(28,752
)
Current liabilities
(56,548
)
Other assets acquired, net of liabilities assumed
67,630

Net assets acquired
169,544

Less: Non-controlling interest
25,287

Total consideration transferred
$
144,257