v3.26.1
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Business Combination
The total consideration in the acquisition was $257.8 million, which consists of the following:
(In thousands)
Cash$223,243
Fair value of previously-held interest on acquisition date35,048
Receivable from escrow(520)
Total consideration$257,771 
Schedule of the Allocation of the Preliminary Purchase Price as of the Acquisition Date
We have performed a preliminary valuation analysis of the fair market value of FTR’s assets and liabilities. The following table summarizes the preliminary allocation of the purchase price as of the acquisition date:
(In thousands)
Cash$10,563
Accounts receivable7,745
Other current assets3,459
Fixed assets180
Other noncurrent assets1,444
Identifiable intangible assets114,600
Goodwill162,618
Accounts payable(966)
Accrued expenses(2,219)
Other noncurrent liabilities(603)
Deferred revenue(11,828)
Deferred tax liabilities, net(27,222)
Total consideration$257,771 
Schedule of Pro Forma Information
The following unaudited pro forma consolidated operating results information has been prepared as if the acquisition of FTR had occurred on January 1, 2025, after giving effect to certain adjustments, including amortization of intangibles, interest, transaction costs and tax effects.
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues$646,260 $608,261 $1,270,473 $1,186,620 
Net income70,231 85,291 151,498 190,803 
Basic earnings per share1.69 1.98 3.64 4.42 
Diluted earnings per share$1.68 $1.94 $3.62 $4.33