Acquisitions (Tables)

6 Months Ended

Jun. 30, 2017

Business Combinations [Abstract]

Schedule of Consideration Paid and Estimated Fair Value of Tangible and Intangible Net Assets Acquired

The table below sets forth the purchase consideration and the preliminary allocation to estimated fair value of the tangible and intangible net assets acquired (in thousands):

	March 8, 2017
Calculation of Purchase Consideration:
Cash paid, net of working capital adjustment	$	148,500
Assumed stock options	1,375
Total consideration	$	149,875
Estimated Tangible and Intangible Net Assets:
Cash	$	211
Accounts receivable	11,342
Current assets	823
Long-term assets	4,446
Customer relationships	93,260
Developed technology	4,770
Trade name	170
Current liabilities	(1,577		)
Long-term liabilities	(281		)
Goodwill	36,711
Total estimated tangible and intangible net assets	$	149,875

The table below sets forth the purchase consideration and the preliminary allocation to estimated fair value of the tangible and intangible net assets acquired (in thousands):

	January 1, 2017
Calculation of Purchase Consideration:
Cash paid, net of working capital adjustment	$	6,000
Estimated Tangible and Intangible Net Assets:
Developed technology	$	3,400
Current liabilities	(58		)
Goodwill	2,658
Total estimated tangible and intangible net assets	$	6,000

Business Acquisition, Pro Forma Information

The pro forma adjustments were based on available information and upon assumptions that we believe are reasonable to reflect the impact of these acquisitions on our historical financial information on a supplemental pro forma basis, as follows (in thousands):

	Pro Forma Six Months Ended June 30,
	2017		2016
	(unaudited)
Revenue	$	171,252	$	152,787
Net income / (loss)	21,445		(7,243		)
Net income / (loss) per diluted share	$	0.44	$	(0.15	)

The following table presents the revenue and earnings of the business combinations in the year of acquisition as reported within the consolidated financial statements for the six months ended June 30, 2017 (in thousands):

	Six Months Ended   June 30, 2017
Revenue	$	12,252
Net loss	(3,522		)