XML 34 R24.htm IDEA: XBRL DOCUMENT v3.21.2
Acquisitions (Tables)
9 Months Ended
Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of the allocation of the preliminary purchase price as of the acquisition date The following table summarizes the preliminary allocation of the purchase price as of the acquisition date:
(In thousands)
Cash$331,783 
Accounts receivable149,515 
Other current assets12,988 
Other noncurrent assets20,974 
Identifiable intangible assets790,000 
Goodwill1,438,603 
Accounts payable(150,099)
Accrued expenses(63,809)
Other noncurrent liabilities(11,493)
Deferred revenue(3,294)
Deferred tax liabilities, net(194,676)
Total consideration$2,320,492 
Schedule of pro forma information
The following unaudited pro forma consolidated operating results information has been prepared as if the acquisition of NIC had occurred on January 1, 2020, after giving effect to certain adjustments, including amortization of intangibles, interest, transaction costs, and tax effects.
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Revenues$459,873 $420,336 $1,322,055 $1,152,675 
Net income$44,170 $50,257 $103,330 $130,555 
Basic earnings per share$1.08 $1.25 $2.53 $3.26 
Diluted earnings per share$1.04 $1.21 $2.45 $3.15