Business Combination (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Allocation of Purchase Consideration to Tangible and Intangible Assets Acquired and Liabilities Assumed

The allocation of the purchase consideration to tangible and intangible assets acquired and liabilities assumed is based on estimated fair values and is as follows (in thousands):

	As of September 30, 2020			Estimated Useful Lives (in years)
Assets acquired
Current assets	$	50,829
Restricted cash		1,303
Property and equipment, net		4,503
Intangible assets:
Developed technology		56,400			6.0
Customer relationships		13,400			4.0
Tradename	400				0.5
Goodwill		71,676
Operating lease right-of-use assets		24,658
Other long-term assets		235
Total assets acquired	$	223,404
Liabilities assumed
Current liabilities	$	(51,428	)
Operating lease liabilities		(24,658	)
Total liabilities assumed	$	(76,086	)
Total purchase consideration	$	147,318