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):
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Weighted Average Useful Life (Years) |
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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):
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|
|
|
|
|
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 |
|
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