Description of the Business and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Preliminary Allocation of Purchase Price

The following table summarizes the preliminary allocation of the purchase price expected to be finalized by the end of 2018:

	January 5, 2018
Cash, cash equivalents and restricted cash	$	23.3
Accounts receivable and other current assets(1)	55.2
Property and equipment and other non-current assets(1)	22.1
Goodwill	376.4
Intangible assets	350.0
Total assets	$	827.0
Current liabilities(2)	$	82.0
Deferred income taxes	66.3
Assumed debt and other liabilities	299.7
Total liabilities	$	448.0
Total consideration transferred	$	379.0
(1) Inclusive of $43.0 million and $12.9 million of receivables and contract assets, respectively.
(2) Inclusive of $15.7 million of contract liabilities.

Schedule of Total Preliminary Intangible Assets

The following table details the intangible assets that have been preliminarily identified:

	Fair Value		Weighted Average Useful Life (Years)
Customer relationships	$	214.0	7-10
Intellectual property(1)	126.5		7
Trade names	9.5		7
(1) Primarily consists of core technology and content.

Unaudited Pro Forma Financial Information

NYX revenue and net loss since the acquisition date included in our consolidated results were as follows:

	Three Months Ended		Six Months Ended
	June 30, 2018
Revenue	$	50.6	$	99.8
Net loss	8.1		15.5

The following unaudited pro forma financial information for the three and six months ended June 30, 2018 and 2017 give effect to the NYX acquisition as if it had been completed on January 1, 2017:

	Three Months Ended				Six Months Ended
	June 30, 2018		June 30, 2017		June 30, 2018		June 30, 2017
Revenue	$	844.7	$	810.6	$	1,656.5	$	1,579.3
Net loss	5.8		52.8		199.9		168.7