Business Combinations (Tables)

3 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the purchase consideration of $68.0 million, and the preliminary purchase price allocation based on the estimated fair value of the assets acquired and liabilities assumed at the acquisition date (in thousands):

	Preliminary Purchase Price Allocation
Tangible assets	13,376
Liabilities	(24,346		)
Intangible assets	49,040
Goodwill	29,926
Net assets acquired	$	67,996

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The following table shows the valuation of the intangible assets acquired (in thousands) along with their estimated useful lives.

	Acquisition Date Fair Value		Estimated Useful Life
Developed technology	$	31,040	5 years
Customer relationships	13,150		7 years
Non-compete agreements	4,060		2 years
Trade name	790		1 year
Total intangible assets acquired	$	49,040