| Schedule of assets and liabilities recorded in the Company's financial statements at their fair values at the acquisition date |
We have completed the process of allocating the acquisition price to the fair value of the assets and liabilities of Acentia at the acquisition date, with the exception of balances relating to current and deferred taxes. Our provisional allocation of fair value updated through December 31, 2015 is shown below.
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(Amounts in thousands) |
Updated through September 30, 2015 |
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Adjustments |
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Updated through December 31, 2015 |
Estimated purchase consideration, net of cash acquired |
$ |
293,504 |
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|
$ |
— |
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|
$ |
293,504 |
|
Billed and unbilled receivables |
$ |
35,333 |
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$ |
35,333 |
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Other assets |
5,050 |
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(808 |
) |
|
4,242 |
|
Property and equipment |
2,140 |
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|
2,140 |
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Intangible assets — customer relationships |
69,900 |
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|
69,900 |
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Total identifiable assets acquired |
112,423 |
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|
(808 |
) |
|
111,615 |
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Accounts payable and other liabilities |
32,426 |
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|
32,426 |
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Deferred revenue |
251 |
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|
251 |
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Capital lease obligations |
567 |
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|
567 |
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Deferred tax liabilities |
— |
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|
9,167 |
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|
9,167 |
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Total liabilities assumed |
33,244 |
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|
9,167 |
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|
42,411 |
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Net identifiable assets acquired |
79,179 |
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|
(9,975 |
) |
|
69,204 |
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Goodwill |
214,325 |
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|
9,975 |
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|
224,300 |
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Net assets acquired |
$ |
293,504 |
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|
$ |
— |
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|
$ |
293,504 |
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