Acquisitions (Tables)

9 Months Ended

Sep. 30, 2016

Summary of Preliminary Allocation of Purchase Price for Acquisitions of Acquiree

The following summarizes the preliminary allocation of the purchase price for the acquisition of Citigroup AIS (in thousands):

	Citigroup AIS
Accounts receivable	$	58,479
Fixed assets		103
Other assets		1,985
Acquired client relationships and contracts		124,600
Completed technology		44,600
Goodwill		91,533
Deferred revenue		(3,910	)
Other liabilities assumed		(7,229	)
Consideration paid, net of cash acquired	$	310,161

Summary of Unaudited Pro Forma Information

The following unaudited pro forma condensed consolidated results of operations are provided for illustrative purposes only and assume that the acquisition of Citigroup AIS occurred on January 1, 2015 and acquisitions of Primatics Financial, Varden Technologies and Advent Software, Inc. occurred on January 1, 2014. This unaudited pro forma information (in thousands, except per share data) should not be relied upon as being indicative of the historical results that would have been obtained if the acquisitions had actually occurred on that date, nor of the results that may be obtained in the future.

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2016		2015		2016		2015
Revenues	$	391,865	$	384,312	$	1,158,376	$	1,160,828
Net income	$	45,510	$	14,281	$	101,393	$	14,791
Basic earnings per share	$	0.23	$	0.07	$	0.51	$	0.08
Basic weighted average number of common shares outstanding		201,782		193,706		199,365		177,772
Diluted earnings per share	$	0.22	$	0.07	$	0.49	$	0.08
Diluted weighted average number of common and common equivalent shares outstanding		206,635		202,624		205,334		186,470