Acquisitions (Tables)

3 Months Ended

Mar. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the assets acquired and liabilities assumed at the Vivial Acquisition Date:

(in thousands)
Current assets	$	26,388
Fixed and intangible assets	9,759
Deferred tax assets	15,314
Other assets	2,052
Current liabilities	(22,948)
Other liabilities	(1,264)
Bargain purchase gain	(7,297)
Fair value allocated to net assets acquired, net of bargain purchase gain	$	22,004

The following table summarizes the consideration transferred and the purchase price allocation of the fair values of the assets acquired and liabilities assumed at the Thryv Australia Acquisition Date:

(in thousands)
Total cash consideration	$	216,164
Total purchase consideration, as allocated below:	$	216,164
Cash and cash equivalents	$	40,794
Accounts receivable and other current assets	72,404
Other assets	34,962
Fixed assets and capitalized software	18,856
Intangible assets:
Client relationships (estimated useful life of 3.5 years)	101,839
Trademarks (estimated useful life of 3.5 years)	24,877
Accounts payable	(15,038)
Accrued liabilities	(41,724)
Contract liabilities	(27,075)
Other current liabilities	(6,733)
Deferred tax liabilities	(35,884)
Other liabilities	(15,506)
Total identifiable net assets	$	151,772
Goodwill	64,392
Total net assets acquired	$	216,164

Business Acquisition, Pro Forma Information

The pro forma financial information is not necessarily indicative of the consolidated results of operations that would have been realized had the Thryv Australia Acquisition been completed as of January 1, 2020, nor is it meant to be indicative of future results of operations that the combined entity will achieve:

	Three Months Ended March 31,
(in thousands) (unaudited)	2021
Revenue	$	318,752
Net income	52,415