Acquisitions (Tables)

3 Months Ended

Mar. 31, 2021

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the consideration transferred and the preliminary purchase price allocation of the fair values of the assets acquired and liabilities assumed at the Acquisition Date (in thousands):

Total cash consideration	$	214,984
Total purchase consideration, as allocated below:	$	214,984
Cash and cash equivalents	$	40,794
Accounts receivable and other current assets	88,529
Other assets	11,801
Fixed assets and capitalized software	40,957
Intangible assets:
Client relationships (useful life 3.5 years)	101,839
Trademarks (useful life 3.5 years)	24,877
Accounts payable	(31,163)
Accrued liabilities	(39,654)
Contract liabilities	(27,075)
Other current liabilities	(11,641)
Deferred tax liabilities	(40,497)
Other liabilities	(15,505)
Total identifiable net assets	$	143,262
Goodwill	71,722
Total net assets acquired	$	214,984

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 Sensis 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 experience (in thousands):

	Three Months Ended March 31,
	2021		2020
Revenue	$	318,752	$	359,204
Net income	52,415		13,073