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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
Final Fair Value of Consideration Transferred for Acquisition

The total fair value of consideration transferred for the acquisition is comprised of the following:

 

 

 

(In thousands)

 

Cash

 

$

140,079

 

Allscripts common stock, 3,823,453 shares, par value $0.01 per share, fair value at closing

   $12.57 per share

 

 

48,061

 

Deferred cash consideration payable on the 18-month anniversary of the closing

 

 

23,023

 

Subordinated promissory note maturing 18 months following the closing

 

 

6,648

 

Fair value of Allscripts' previous interest in dbMotion

 

 

8,367

 

Total fair value of consideration transferred

 

$

226,178

 

 

Assets Acquired and Liabilities Assumed

The allocation of the fair value of the consideration transferred, including all measurement period adjustments, is as follows:

 

 

 

(In thousands)

 

Acquired cash and cash equivalents, and restricted cash

 

$

14,188

 

Accounts receivable, net

 

 

3,226

 

Prepaid expenses and other current assets

 

 

574

 

Fixed assets and other long-term assets

 

 

1,449

 

Goodwill

 

 

137,649

 

Intangible assets

 

 

85,450

 

Accounts payable and accrued liabilities

 

 

(10,560

)

Deferred taxes, net

 

 

(36

)

Deferred revenue

 

 

(5,100

)

Other liabilities

 

 

(662

)

Net assets acquired

 

$

226,178

 

 

Acquired Intangible Assets Amortization

The acquired intangible assets are being amortized on a straight-line basis over their useful lives and consist of the following amounts for each class of acquired intangible asset:

 

(Dollar amounts in thousands)

 

Useful Life

 

 

 

 

Description

 

in Years

 

Fair Value

 

Core technology

 

10

 

$

80,100

 

Maintenance agreements

 

12

 

 

2,500

 

Services backlog

 

2

 

 

2,000

 

Non-compete

 

3

 

 

500

 

Trade name

 

2

 

 

350

 

 

 

 

 

$

85,450

 

 

Proforma Results

The revenue and net loss of dbMotion since March 4, 2013 included in our consolidated statement of operations for the year ended December 31, 2013, and the unaudited supplemental pro forma revenue and net loss of the combined entity, are as follows:

 

 

 

Year ended December 31,

 

(In thousands, except per share amounts)

 

2013

 

 

2012

 

 

 

(Unaudited)

 

 

(Unaudited)

 

Actual from dbMotion since acquisition date of March 4, 2013:

 

 

 

 

 

 

 

 

Revenue

 

$

18,609

 

 

$

0

 

Net loss

 

$

(16,272

)

 

$

0

 

Supplemental pro forma data for combined entity:

 

 

 

 

 

 

 

 

Revenue

 

$

1,378,267

 

 

$

1,448,316

 

Net loss

 

$

(105,119

)

 

$

(35,158

)

Net loss per share, basic and diluted

 

$

(0.59

)

 

$

(0.19

)