Acquisitions (Tables)

9 Months Ended

Sep. 30, 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, as adjusted during the nine months ended September 30, 2020, is as follows (in thousands):

Cash and cash equivalents	$	9,916
Accounts receivable	11,485
Prepaid expenses	129
Property and equipment	2,878
Intangible assets	68,400
Goodwill	76,755
Other assets	489
Accounts payable and accrued liabilities	(12,431)
Total purchase price	$	157,621

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