Acquisitions (Tables)

3 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Allocation of Purchase Price

The preliminary allocation of the purchase price to the fair value of the assets acquired and the liabilities assumed as of December 23, 2019, the effective date of the acquisition, was as follows (in thousands):

Cash and cash equivalents	$	9,400
Accounts receivable	10,736
Prepaid expenses	129
Property and equipment	2,878
Intangible assets	68,400
Goodwill	79,997
Other assets	489
Accounts payable and accrued liabilities	(13,395)
Total purchase price	$	158,634

Purchase Price Allocated to Intangibles Acquired

The purchase price allocated to the intangible assets acquired was as follows (in thousands, except for useful life):

	Useful Life (in years)
Customer relationships	12	$	67,000
Trade name	3	1,400
Fair value of intangibles acquired		$	68,400