Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Estimated Fair Value of Assets Acquired and Liabilities Assumed at the Date of Acquisition

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed, the Company's allocation of purchase price and any subsequent adjustments made during the years ended December 31, 2018 and 2017:



	Year ended December 31, 2018			Year ended December 31, 2017
Number of entities	1			3

Cash paid	$	143,139		$	83,963
Working capital adjustments	—			150
Notes payable	—			—
Contingent consideration	—			3,407
Consideration paid	$	143,139		$	87,520

Current net assets	$	9,381		$	7,165
Other assets	136			—
Debt and other liabilities	(4,976		)	(2,848		)
Property, plant and equipment	8,549			11,115
Deferred tax liability	(12,672		)	(1,278		)
Intangibles	59,558			31,671
Goodwill	83,163			41,695
Net assets acquired	$	143,139		$	87,520

Schedule of Acquisition-related Expenses

In the course of its acquisition activities, the Company incurs costs in connection with due diligence, professional fees, and other expenses. Additionally, the Company adjusts the fair value of acquisition-related contingent consideration liabilities on a quarterly basis. These amounts are recorded as acquisition-related (benefit) expense, net, on the consolidated statements of income and were as follows for the years ended December 31, 2018 and 2017, the transition period ended December 31, 2016 and fiscal 2016:



	For the year ended December 31,						For the Transition Period ended December 31,		For the year ended May 31,
	2018			2017			2016		2016
Due diligence, professional fees and other transaction costs	$	1,248		$	945		$	231	$	629
Adjustments to fair value of contingent consideration liabilities	(716		)	(463		)	265		(2,082		)
Acquisition-related (benefit) expense, net	$	532		$	482		$	496	$	(1,453	)

Schedule of Pro Forma Financial Information

The following table provides unaudited pro forma financial information for the years ended December 31, 2018 and 2017 as if the acquisition of Onstream had occurred on January 1, 2017. (Information in thousands, except per share data).



	For the year ended December 31,
	2018		2017
Total revenue	$	770,222	$	727,821
Net income (loss)	6,602		(2,180		)

Net income (loss) per common share: basic	$	0.23	$	(0.08	)
Net income (loss) per common share: diluted	$	0.22	$	(0.08	)