BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Schedule of Composition of the Fair Value of the Consideration Transferred

A summary of the final composition of the stated Purchase Price and fair value of the stated Purchase Price is as follows (in thousands):

Purchase Price	$	1,220,800
Working capital adjustment	(630)
Shareholder payable adjustment	880
Subtotal	1,221,050
Fair value adjustments:
Restricted stock marketability discount	(30,000)
Total fair value purchase price	$	1,191,050

The final composition of the fair value of the consideration transferred is as follows (in thousands):

Cash	$	1,107,220
Issuance of Class A common stock	70,000
Contingent consideration	14,460
Working capital adjustment	(630)
Total fair value purchase price	$	1,191,050

Schedule of Purchase Price Allocation To Assets Acquired and Liabilities Assumed

The following table summarizes the net assets acquired and liabilities assumed (in thousands):

	Preliminary Fair Value
Cash and cash equivalents	$	23,850
Accounts receivable	16,739
Income tax receivable	688
Prepaid expenses and other current assets	3,025
Property and equipment	3,095
Goodwill	770,949
Intangible assets	490,000
Other assets	1,252
Accounts payable and accrued expenses	(6,863)
Deferred revenue	(7,000)
Other current liabilities	(507)
Other liabilities	(5,291)
Deferred tax liabilities	(98,887)
Total consideration transferred	$	1,191,050

Schedule of Identifiable Intangible Assets

The amounts attributed to identified intangible assets are summarized in the table below (in thousands):

	Estimated Useful Life	Preliminary Fair Value		Measurement Period Adjustments		Adjusted Preliminary Fair Value
Customer relationships	13 years	$	408,000	$	(23,000)	$	385,000
Technology	13 years	86,000		—		86,000
Tradenames	17 years	19,000		—		19,000
Total intangible assets		$	513,000	$	(23,000)	$	490,000

Schedule of Pro Forma Acquisition

The following table presents revenue and loss before taxes of ABILITY since the acquisition date, April 2, 2018, included in the consolidated statements of operations for the year ended December 31, 2018 (in thousands):

	Total
Revenue	$	113,578
Loss before taxes	$	(3,902)

The following pro forma financial information is unaudited and gives effect to the transactions as if they had occurred on January 1, 2017 (in thousands):

	Year ended December 31,
	2018
Revenue	$	565,040
Loss before taxes	$	(56,016)