Business Combinations (Tables)

9 Months Ended

Sep. 30, 2020

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

Allocation of the purchase price is as follows (in thousands):

	Amount
Net tangible assets assumed	$	15,036
Intangible assets	45,200
Deferred tax liability	(1,158		)
Goodwill	205,804
Total purchase price allocation	$	264,882

Allocation of the preliminary purchase price is as follows (in thousands):

	Amount
Net tangible liabilities assumed	$	(288	)
Intangible assets	5,650
Goodwill	7,846
Total preliminary purchase price allocation	$	13,208

Schedule of Purchased Intangible Assets

The estimated useful life and fair values of the identifiable intangible assets are as follows (dollars in thousands):

	Estimated Useful Life (in years)	Amount
Developed technology	5	$	38,300
Customer relationships	5	4,600
Trade name	5	1,600
Contract backlog	2	700
Total identifiable intangible assets		$	45,200

The estimated useful life and fair values of the identifiable intangible assets are as follows (in thousands):

	Preliminary Estimated Useful Life (in years)	Amount
Developed technology	3	$	5,500
Trade name	1	150
Total identifiable intangible assets		$	5,650

Purchased intangible assets consisted of the following (in thousands):

	As of September 30, 2020			As of December 31, 2019
Developed technology	$	153,803		$	148,303
Content	158,700			158,700
Customer relationships	115,690			115,690
Contract backlog	13,200			13,200
Trade names	17,310			17,160
Non-competition agreements	1,400			1,400
Total intangible assets	460,103			454,453
Less: accumulated amortization	(354,247		)	(320,033		)
Total net intangible assets	$	105,856		$	134,420

Schedule of Expected Annual Amortization Expense of Intangible Assets

The expected future annual amortization expense of intangible assets as of September 30, 2020 is presented below (in thousands):

Years Ending December 31,	Amount
2020 (remaining three months)	$	10,839
2021	40,220
2022	28,942
2023	22,082
2024	3,692
2025	81
Total	$	105,856