Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions Aggregate Details

The aggregate details of the Company’s acquisition activity are as follows:

	Acquisitions Completed in
	Year Ended December 31,
	2022		2021		2020
Number of acquisitions	6		13		6
Cash paid at closing (1)	$	763,228	$	1,072,820	$	98,298
Cash acquired	(20,221)		(37,837)		(5,266)
Net cash paid	$	743,007	$	1,034,983	$	93,032

(1)Of the cash paid at closing for the years ended December 31, 2022, 2021, and 2020, $3,000, $8,701, and $3,413, respectively, was deposited into an escrow account to secure any potential indemnification and other obligations of the seller.

Schedule of Business Acquisitions Contingent Consideration

The fair value of the contingent consideration from acquisitions is included in the consolidated balance sheets as follows:

	December 31,
	2022		2021
Accruals and other current liabilities	$	1,196	$	5,382
Other liabilities	—		1,231
Contingent consideration from acquisitions	$	1,196	$	6,613

The fair value of non-contingent consideration from acquisitions is included in the consolidated balance sheets as follows:

	December 31,
	2022		2021
Accruals and other current liabilities	$	2,434	$	4,751
Other liabilities	2,977		6,177
Non-contingent consideration from acquisitions	$	5,411	$	10,928

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following summarizes the fair values of the assets acquired and liabilities assumed, as well as the weighted average useful lives assigned to acquired intangible assets at the respective date of each acquisition (including contingent consideration):

	Acquisitions Completed in
	Year Ended December 31,
	2022		2021		2020
Consideration:
Cash paid at closing	$	763,228	$	1,072,820	$	98,298
Shares issued at closing (1)(2)	—		182,390		—
Contingent consideration	1,390		4,544		2,380
Deferred, non-contingent consideration, net	749		10,090		1,416
Other	(269)		—		—
Total consideration	$	765,098	$	1,269,844	$	102,094
Assets acquired and liabilities assumed:
Cash	$	20,221	$	37,837	$	5,266
Accounts receivable and other current assets	8,890		24,174		8,701
Operating lease right-of-use assets	1,237		12,095		2,529
Property and equipment	1,316		4,383		499
Other assets	7		874		36
Software and technology (weighted average useful life of 5, 5, and 3 years, respectively)	10,608		43,560		2,207
Customer relationships (weighted average useful life of 10, 9, and 6 years, respectively)	82,278		158,555		11,371
Trademarks (weighted average useful life of 8, 10 and 7 years, respectively)	6,972		38,256		3,953
Non-compete agreement (useful life of 5 years)	—		—		200
In-process research and development	—		3,700		—
Total identifiable assets acquired excluding goodwill	131,529		323,434		34,762
Accruals and other current liabilities	(4,079)		(27,649)		(4,991)
Deferred revenues	(14,176)		(26,245)		(5,351)
Operating lease liabilities	(1,237)		(11,988)		(2,529)
Deferred income taxes	(5,745)		(53,342)		(1,701)
Other liabilities	—		(716)		(86)
Total liabilities assumed	(25,237)		(119,940)		(14,658)
Net identifiable assets acquired excluding goodwill	106,292		203,494		20,104
Goodwill	658,806		1,066,350		81,990
Net assets acquired	$	765,098	$	1,269,844	$	102,094

(1)Of the total 3,141,342 shares issued at closing, 83,627 shares are subject to forfeiture if post‑closing employment service conditions are not met and accordingly are being recorded as stock‑based compensation expense over the related forfeiture period of two years (see Note 15).

(2)A fair value adjustment of $16,943 was applied to the stock consideration due to restrictions on the transfer of securities.