Acquisitions (Tables)

9 Months Ended

Sep. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of recognized identified assets acquired and liabilities assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:

	Preliminary Estimate		Measurement Period Adjustments		Revised Estimate
	(in thousands)
Tangible assets acquired, net of cash(1)	$	2,032	$	3,938	$	5,970
Total liabilities assumed	(596)		54		(542)
Identifiable intangible assets	9,500		—		9,500
Goodwill	21,858		(3,992)		17,866
Total net assets acquired	$	32,794	$	—	$	32,794

(1) The Company recorded measurement period adjustments of $4.0 million primarily due to the establishment of deferred tax assets in the three months ended September 30, 2021.

A summary of estimated intangible assets acquired, estimated useful lives and amortization method is as follows:

	Preliminary Estimate (in thousands)		Estimated Useful Life in Years	Amortization Method
Proprietary technology	$	6,900	6	Straight-line
Customer list	2,600		14	Accelerated
Total intangible assets acquired	$	9,500