Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Suchedule of the Estimated Fair Values of the Assets Acquired and Liabilities Assumed

The consideration transferred in the acquisition was as follows:

	(in thousands)
Cash consideration	$	11,173
Purchase consideration liability	6,240
Contingent consideration liability	7,580
Working capital adjustment	70
Total consideration transferred	$	25,063

The consideration transferred in the acquisition was as follows:

	(in thousands)
Cash consideration	$	17,500
Contingent consideration liability	8,200
Total consideration transferred	$	25,700

The consideration transferred in the acquisition was as follows:

	(in thousands)
Cash consideration	$	298,714
Stock consideration	222,484
Less: cash acquired	(6,360)
Total consideration transferred, net of cash acquired	$	514,838

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

	(in thousands)
Cash and cash equivalents	$	6,360
Accounts receivable	3,782
Prepaid expenses and other current assets	969
Other non-current assets	4,274
Property and equipment, net	6,057
Operating lease right-of-use assets, net	2,012
Identifiable intangible assets	253,000
Goodwill	323,951
Total assets acquired	600,405
Accounts payable and accrued expenses	(1,661)
Operating lease liabilities	(2,012)
Deferred income taxes	(68,534)
Deferred revenue	(7,000)
Total liabilities assumed	(79,207)
Total net assets acquired	$	521,198

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	$	3,278	$	5,310
Total liabilities assumed	(596)		54		(542)
Identifiable intangible assets	9,500		—		9,500
Goodwill	21,858		(3,332)		18,526
Total net assets acquired	$	32,794	$	—	$	32,794

(1) The Company recorded measurement period adjustments of $3.3 million primarily due to the establishment of deferred tax assets during the year ended December 31, 2021.

Schedule of Intangible Assets Acquired, Estimated Useful Lives and Amortization Method

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

	(in thousands)
Total tangible assets acquired	$	144
Total liabilities assumed	(688)
Identifiable intangible assets	4,100
Goodwill	21,507
Total net assets acquired	$	25,063

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

			Estimated	Amortization
	Amount		Useful Life in Years	Method
	(in thousands)
Proprietary technology	$	4,100	4	Straight-line

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

	(in thousands)
Total tangible assets acquired	$	13
Total liabilities assumed	(1,600)
Identifiable intangible assets	11,700
Goodwill	15,587
Total net assets acquired	$	25,700

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

			Estimated	Amortization
	Amount		Useful Life in Years	Method
	(in thousands)
Customer list	$	8,500	10	Accelerated
Proprietary technology	3,200		5	Straight-line
Total intangible assets acquired	$	11,700

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

			Estimated	Amortization
	Amount		Useful Life in Years	Method
	(in thousands)
Customer lists	$	222,000	10-20	Accelerated
Proprietary technologies	23,000		4	Straight-line
Trade names	8,000		7	Straight-line
Total intangible assets acquired	$	253,000

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