Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions (Tables)

v3.5.0.2
Business Acquisitions (Tables)
9 Months Ended
Sep. 30, 2016
Business acquisitions  
Schedule of pro forma financial information

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

September 30,

 

September 30,

Revenues

$

132,389

 

$

384,154

Net loss

 

(6,505)

 

 

(21,587)

Net loss per share:

 

 

 

 

 

Basic

 

(0.15)

 

 

(0.51)

Diluted

 

(0.15)

 

 

(0.51)

 

FinaConnect, Inc.  
Business acquisitions  
Summary of consideration in the acquisition

 

 

 

 

Cash consideration

    

$

6,425

Contingent consideration liability

 

 

1,929

Working capital adjustment

 

 

269

Cash acquired

 

 

(1)

Total

 

$

8,622

 

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Measurement

 

 

 

 

 

Preliminary

 

Period

 

Estimate as of

 

 

Estimate

 

Adjustments

 

September 30, 2016

Total tangible assets acquired

    

$

136

 

$

147

 

$

283

Total liabilities assumed

 

 

(556)

 

 

83

 

 

(473)

Identifiable intangible assets

 

 

5,425

 

 

 —

 

 

5,425

Goodwill

 

 

3,617

 

 

(230)

 

 

3,387

Total net assets acquired

 

$

8,622

 

$

 —

 

$

8,622

 

Summary of intangible assets acquired, estimated useful lives and amortization method

 

 

 

 

 

 

 

 

 

    

    

 

    

 

    

Amortization

 

 

Amount

    

Useful Life in Years

 

Method

Customer list

 

$

4,300

    

12

 

Accelerated

Proprietary technology

 

 

800

 

5

 

Straight-line

Trade names and domains

 

 

325

 

2

 

Straight-line

Total

 

$

5,425

 

 

 

 

 

Castle Rock Innovations, Inc.  
Business acquisitions  
Summary of consideration in the acquisition

 

 

 

 

Cash consideration

    

$

6,190

Contingent consideration liability

 

 

1,500

Cash acquired

 

 

(320)

Total

 

$

7,370

 

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Measurement

 

 

 

 

 

Preliminary

 

Period

 

As of

 

 

Estimate

 

Adjustments

 

September 30, 2016

Total tangible assets acquired

    

$

255

 

$

(112)

 

$

143

Total liabilities assumed

 

 

(1,305)

 

 

 —

 

 

(1,305)

Identifiable intangible assets

 

 

3,400

 

 

500

 

 

3,900

Goodwill

 

 

5,020

 

 

(388)

 

 

4,632

Total net assets acquired

 

$

7,370

 

$

 —

 

$

7,370

 

Summary of intangible assets acquired, estimated useful lives and amortization method

 

 

 

 

 

 

 

 

 

 

    

    

 

    

 

    

Amortization

 

 

 

Amount

 

Useful Life in Years

 

Method

 

Customer list

 

$

3,000

 

12

 

Accelerated

 

Proprietary technology

 

 

800

 

5

 

Straight-line

 

Trade names and domains

 

 

100

 

4

 

Straight-line

 

Total

 

$

3,900

 

 

 

 

 

 

Yodlee, Inc  
Business acquisitions  
Summary of consideration in the acquisition

 

 

 

 

Cash consideration

    

$

375,658

Stock consideration

 

 

186,522

Attribution of the fair market value of replacement awards

 

 

4,318

Cash acquired

 

 

(63,234)

Total

 

$

503,264

 

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Measurement

 

 

 

 

 

Preliminary

 

Period

 

As of

 

 

Estimate

 

Adjustments

 

September 30, 2016

Total tangible assets acquired

 

$

33,815

 

$

2,799

 

$

36,614

Total liabilities assumed

 

 

(55,240)

 

 

 —

 

 

(55,240)

Identifiable intangible assets

 

 

237,000

 

 

 —

 

 

237,000

Goodwill

 

 

286,049

 

 

(1,159)

 

 

284,890

Total net assets acquired

 

$

501,624

 

$

1,640

 

$

503,264

 

Summary of intangible assets acquired, estimated useful lives and amortization method

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

Amount

 

Useful Life in Years

 

Method

 

Customer list

 

$

178,000

 

12

 

Accelerated

 

Backlog

 

 

11,000

 

4

 

Accelerated

 

Proprietary technology

 

 

35,000

 

5

 

Straight-line

 

Trade names

 

 

13,000

 

6

 

Straight-line

 

Total

 

$

237,000