Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.10.0.1
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2018
Business Combinations [Abstract]  
Purchase price allocation

Birch

 

          Useful life (in years)  
Purchase consideration for invested capital   $ 221,172        
Less: debt     (89,205 )      
Total purchase consideration for equity   $ 131,967        
               
Cash   $ 28,176        
Accounts receivable     8,684        
Other current assets     2,444        
Property and equipment     13,008        
Other noncurrent assets     1,220        
Intangible assets:              
  Developed technology     4,710       3  
  Trademark     49,500       10  
  Customer relationships     41,100       15  
  Goodwill     99,253          
Deferred revenue     (1,200 )        
Other liabilities, including debt     (114,928 )        
    $ 131,967          

 

MegaPath Holding Corporation

 

          Useful life (in years)  
Purchase consideration for invested capital   $ 68,251        
             
  Working capital     3,779      
  Debt     (12,181 )      
Total purchase consideration for equity   $ 59,849        
               
Cash   $ 4,660        
Accounts receivable     2,539        
Other current assets     1,347        
Property and equipment     6,319        
Other noncurrent assets     1,602        
Intangible assets:              
  Developed technology     10,610       3  
  Trademark     7,100       10  
  Customer relationships     17,800       15  
  Goodwill     28,755          
Deferred revenue     (1,400 )        
Other liabilities, including debt     (19,483 )        
    $ 59,849          
Pro forma results
      Three Months Ended June 30,     Six Months Ended June 30,  
    2018     2017     2018     2017  
Revenues   $ 145,996     $ 173,200     $ 296,048     $  342,827  
Net loss     (27,714 )     (14,214 )     (46,483 )     (29,997 )
Basic and diluted net loss per share     (0.48 )     (0.56 )     (1.11 )     (1.19 )