Acquisition (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

In connection with the acquisition, the Company recorded the following amounts based upon its preliminary purchase price allocation as of December 31, 2019, which are subject to completion of various analyses (in thousands, except weighted average useful lives):



	Amount		Weighted Average Useful Lives
Current assets:
Cash and cash equivalents	$	135
Receivables, net of allowances	17,658
Settlement assets	239,604
Prepaid expenses	317
Other current assets	19,585
Total current assets acquired	277,299
Noncurrent assets:
Goodwill	366,627
Software	113,600		7 years
Customer relationships	208,500		15 years
Trade names	10,900		5 years
Other noncurrent assets	3,746
Total assets acquired	980,672
Current liabilities:
Accounts payable	6,743
Settlement liabilities	212,892
Employee compensation	1,959
Other current liabilities	3,802
Total current liabilities acquired	225,396
Noncurrent liabilities:
Other noncurrent liabilities	1,219
Total liabilities acquired	226,615
Net assets acquired	$	754,057

Summary of Unaudited Summarized Pro Forma Financial Information

The following is the unaudited summarized pro forma financial information for the periods presented (in thousands, except per share data):



	Years Ended December 31,
	2019		2018
Pro forma revenue	$	1,382,957	$	1,361,729
Pro forma net income	$	82,003	$	88,428
Pro forma income per share:
Basic	$	0.71	$	0.76
Diluted	$	0.69	$	0.75