Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [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	$	216,164
Total purchase consideration, as allocated below:	$	216,164
Cash and cash equivalents	$	40,794
Accounts receivable	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	(15,505)
Total identifiable net assets	$	151,773
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:

	Years Ended December 31,
(in thousands) (unaudited)	2021		2020
Revenue	$	1,181,643	$	1,299,258
Net income	140,854		134,204