Acquisitions (Tables)

6 Months Ended

Jun. 30, 2018

The following unaudited pro forma information of the consolidated results of operations have been prepared as if the Socrata acquisition had occurred at January 1, 2017, after giving effect to certain adjustments, including amortization of intangibles, interest, transaction costs and tax effects.



	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017

Revenues	$	238,432	$	215,209	$	465,675	$	421,209
Net income	36,196		27,528		68,839		55,480
Basic earnings per share	0.94		0.74		1.79		1.49
Diluted earnings per share	$	0.90	$	0.70	$	1.71	$	1.41

Schedule of the allocation of the preliminary purchase price as of the acquisition date

We have performed a preliminary valuation analysis of the fair market value of Socrata’s assets and liabilities. The following table summarizes the allocation of the preliminary purchase price as of the acquisition date.




Cash	$	1,724
Accounts receivable	3,616
Other current assets	2,057
Other noncurrent assets	68
Identifiable intangible assets	75,000
Goodwill	78,909
Accounts payable	(1,254		)
Accrued expenses	(1,717		)
Deferred revenue	(5,915		)
Deferred tax liabilities, net	(3,120		)
Total consideration	$	149,368