Acquisitions (Tables)

6 Months Ended

Jun. 30, 2019

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 MicroPact’s assets and liabilities. The following table summarizes the preliminary allocation of the purchase price as of the acquisition date:



(In thousands)
Cash	$	1,983
Accounts receivable	11,852
Other current assets	8,979
Other noncurrent assets	10,417
Identifiable intangible assets	118,843
Goodwill	83,065
Accounts payable	(602		)
Accrued expenses	(2,432		)
Other noncurrent liabilities	(8,879		)
Deferred revenue	(11,312		)
Deferred tax liabilities, net	(5,766		)
Total consideration	$	206,148

Schedule of pro forma information

The following unaudited pro forma consolidated operating results information has been prepared as if the MicroPact acquisition had occurred at January 1, 2018, 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,
	2019		2018		2019		2018
Revenues	$	275,124	$	254,471	$	533,988	$	493,004
Net income	31,999		39,720		59,166		76,792
Basic earnings per share	0.83		1.03		1.54		2.00
Diluted earnings per share	$	0.80	$	0.99	$	1.49	$	1.91