Business Acquisitions (Tables)

3 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Summary of Preliminary Purchase Consideration

The following table summarizes the allocation of the preliminary purchase consideration for the acquisition of TDS Gift Cards as of March 31, 2024 (in thousands):

Assets and Liabilities	Valuation
Cash	$	142,957
Accounts receivable and other current assets	171,500
Intangible assets	101,754
Goodwill	85,901
Other assets	289
Accounts payable and other current liabilities	(290,272)
Deferred tax liability, noncurrent	(23,788)
Other noncurrent liabilities	(861)
Total	$	187,480

Summary of Intangible Assets

The preliminary amounts assigned to intangible assets by type for the acquisition during the three months ended March 31, 2024 are summarized in the table below (in thousands):

	Gross Carrying Value		Weighted average estimated life
Customer relationships	$	82,762	10 years
Trade names and trademarks	1,716		2 years
Other purchased intangibles	17,276		10 years
Total gross carrying value	$	101,754