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Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Schedule of Purchase Price Allocation
The following table summarizes the allocation of the purchase price (at fair value) to the assets acquired and liabilities assumed of Reverb as of August 15, 2019 (the date of acquisition) (in thousands):
 
Initial Fair Value Estimate (1)
 
Measurement Period Adjustments (2)
 
Final Fair Value as Adjusted
Short-term investments
$
1,028

 
$
—

 
$
1,028

Other current assets (3)
6,442

 
(3,540
)
 
2,902

Funds receivable and seller accounts
5,578

 
—

 
5,578

Property and equipment other
1,543

 
—

 
1,543

Developed technology
30,300

 
—

 
30,300

Trademark
79,400

 
—

 
79,400

Customer relationships
93,500

 
—

 
93,500

Goodwill
102,039

 
(336
)
 
101,703

Other assets (3)
3,225

 
3,518

 
6,743

Other net working capital
(208
)
 
—

 
(208
)
Funds payable and amounts due to sellers
(5,578
)
 
—

 
(5,578
)
Other current liabilities (3)
(8,520
)
 
4,836

 
(3,684
)
Other liabilities (3)
(2,497
)
 
(4,836
)
 
(7,333
)
Deferred tax liability, net
(34,898
)
 
(587
)
 
(35,485
)
Total purchase price
$
271,354

 
$
(945
)
 
$
270,409

(1)
As previously reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2019. This was the quarter in which the business combination was completed.
(2)
The Company recorded measurement period adjustments in the fourth quarter of fiscal 2019 due to the final working capital adjustment as well as new facts and circumstances related to assets and liabilities which existed at the acquisition date. The adjustments included an increase in deferred tax liability of $0.6 million and a decrease in goodwill of $0.3 million. Other adjustments are related to the classification of certain assets and liabilities within the balance sheet.
(3)
Other current liabilities and other liabilities are primarily related to non-income tax related contingency reserves, which are wholly offset by an indemnification asset and a deferred tax asset.
Schedule of Unaudited Supplemental Pro Forma Information
The following unaudited pro forma summary presents consolidated information of the Company as if the business combination had occurred on January 1, 2018 (in thousands):
 
Year Ended December 31,
 
2019
 
2018
Revenue
$
847,154

 
$
639,743

Net income
88,595

 
53,587