BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Schedule of contingent considerations

Changes in the fair value of contingent consideration is summarized as follows (in thousands):

	Year Ended December 31,
	2020		2019		2018
QuoteWizard	$	3,980	$	27,103	$	6,833
Ovation	1,270		26		1,654
SnapCap	77		2,220		(330)
DepositAccounts	—		(947)		1,979
CompareCards	—		—		652
Total changes in fair value of contingent consideration	$	5,327	$	28,402	$	10,788

Schedule of assets acquired and liabilities assumed in a business acquisition

In 2019, the Company completed the determination of the final allocation of purchase price to the assets acquired and liabilities assumed as follows (in thousands):

	Fair Value
Net working capital	$	2,502
Fixed assets	68
Intangible assets	31,600
Goodwill	71,739
Net noncurrent assets	323
Total purchase price	$	106,232

In 2019, the Company completed the determination of the final allocation of purchase price to the assets acquired and liabilities assumed as follows (in thousands):

	Fair Value
Net working capital	$	8,521
Fixed assets	1,509
Intangible assets	120,400
Goodwill	182,896
Other noncurrent assets	29
Total purchase price	$	313,355

During 2018, the Company completed the determination of the final allocation of purchase price to the assets acquired and liabilities assumed as follows (in thousands):

	Fair Value
Net working capital	$	5,429
Intangible assets	19,600
Goodwill	40,856
Deferred tax liabilities	(5,467)
Total purchase price	$	60,418

In 2019, the Company completed the determination of the final allocation of purchase price to the assets acquired and liabilities assumed as follows (in thousands):

	Fair Value
Net working capital	$	303
Fixed assets	76
Intangible assets	8,900
Goodwill	11,280
Net deferred tax liabilities	(2,688)
Total purchase price	$	17,871

Schedule of definite-lived intangible assets acquired in a business acquisition

The fair value of the intangible assets with definite lives is as follows (dollars in thousands):

	Fair Value		Weighted Average Amortization Life
Technology	$	4,200	3 years
Content	26,100		3 years
Trademarks and tradenames	1,300		5 years
Total intangible assets	$	31,600	3.1 years

(dollars in thousands):

	Fair Value		Weighted Average Amortization Life
Technology	$	68,900	4 years
Customer lists	42,700		14.7 years
Content	1,000		3 years
Trademarks and tradenames	7,800		5 years
Total intangible assets	$	120,400	7.9 years

The fair value of the intangible assets with definite lives is as follows (dollars in thousands):

	Fair Value		Weighted Average Amortization Life
Content	$	16,100	3 years
Customer lists	2,500		10 years
Trademarks and tradenames	1,000		5 years
Total intangible assets	$	19,600	4.0 years

(dollars in thousands):

	Fair Value		Weighted Average Amortization Life
Technology	$	6,000	7 years
Customer lists	1,900		1 year
Trademarks and tradenames	1,000		4 years
Total intangible assets	$	8,900	5.4 years

Unaudited pro forma revenue and net income from continuing operations of business acquisition

	2018
	(in thousands)
Pro forma revenue	$	900,978
Pro forma net income from continuing operations	$	110,015

	2019		2018
	(in thousands)
Pro forma revenue	$	1,107,118	$	934,209
Pro forma net income from continuing operations	$	39,173	$	104,153