Acquisition (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2019, which are subject to completion of the valuation and other analyses (in thousands, except weighted average useful lives):



	Amount		Weighted Average Useful Lives
Current assets:
Cash and cash equivalents	$	135
Receivables, net of allowances	18,422
Settlement assets	239,604
Prepaid expenses	317
Other current assets	19,585
Total current assets acquired	278,063
Noncurrent assets:
Goodwill	367,142
Software	113,600		7 years
Customer relationships	208,500		15 years
Trademarks	10,900		5 years
Other noncurrent assets	3,745
Total assets acquired	981,950
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	$	755,335

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):



	Three Months Ended June 30,					Six Months Ended June 30,
	2019		2018			2019			2018
Pro forma revenue	$	334,077	$	322,407		$	628,136		$	626,691
Pro forma net income (loss)	15,249		(7,382		)	(5,996		)	(13,595		)
Pro forma income (loss) per share:
Basic	$	0.13	$	(0.06	)	$	(0.05	)	$	(0.12	)
Diluted	0.13		(0.06		)	(0.05		)	(0.12		)