Acquisitions	9 Months Ended
Sep. 30, 2022
Business Combinations [Abstract]
Acquisitions	13. Acquisitions 2022 Acquisition On February 22, 2022, the Company completed its acquisition of Monk SAS for total consideration of $19.1 million. The total purchase price was paid in cash. The aggregate purchase price was attributed to $12.6 million of goodwill, $6.4 million of intangible assets and $0.1 million of other net assets acquired. The purchase price allocations are subject to adjustments as they are finalized over the 12 month measurement period. Goodwill acquired in connection with this acquisition will be deductible for tax purposes and will be amortized on a straight-line basis over 15 years. Monk SAS is an AI company delivering state of the art visual processing capabilities for the automotive, insurance and mobility markets. The acquisition of Monk enables the Company to enhance its service offerings and inspection capabilities for dealers and commercial partners. The transaction was accounted for using the acquisition method and, accordingly, the results of the acquired business have been included in the Company's results of operations from the acquisition date. In connection with the acquisition, the Company has incurred approximately $0.6 million of transaction costs recorded in the Selling, general and administrative line of the Consolidated Statements of Operations. 2021 Acquisitions During the year ended December 31, 2021, the Company completed other business combinations for total consideration of approximately $66.9 million, net of cash acquired. In aggregate, $10.7 million was attributed to intangible assets, $57.2 million to goodwill and $1.0 million to other net liabilities acquired. Of the $57.2 million of goodwill, $55.7 million is deductible for income tax purposes amortized on a straight-line basis over 15 years. These acquisitions enabled the Company to expand its position in the used vehicle industry and enhance its service offerings for dealers and commercial partners. As of acquisition dates, the fair value of contingent consideration was determined to be $2.0 million on acquired company performance. The transactions were accounted for using the acquisition method and, accordingly, the results of the acquired business have been included in the Company's results of operations from the acquisition date. In connection with the acquisitions, the Company incurred approximately $1.6 million of transaction costs recorded in the Selling, general and administrative line of the Condensed Consolidated Statements of Operations.

Acquisitions

9 Months Ended

Sep. 30, 2022

13. Acquisitions

2022 Acquisition

On February 22, 2022, the Company completed its acquisition of Monk SAS for total consideration of $19.1 million. The total purchase price was paid in cash. The aggregate purchase price was attributed to $12.6 million of goodwill, $6.4 million of intangible assets and $0.1 million of other net assets acquired. The purchase price allocations are subject to adjustments as they are finalized over the 12 month measurement period. Goodwill acquired in connection with this acquisition will be deductible for tax purposes and will be amortized on a straight-line basis over 15 years. Monk SAS is an AI company delivering state of the art visual processing capabilities for the automotive, insurance and mobility markets. The acquisition of Monk enables the Company to enhance its service offerings and inspection capabilities for dealers and commercial partners.

The transaction was accounted for using the acquisition method and, accordingly, the results of the acquired business have been included in the Company's results of operations from the acquisition date. In connection with the acquisition, the Company has incurred approximately $0.6 million of transaction costs recorded in the Selling, general and administrative line of the Consolidated Statements of Operations.

2021 Acquisitions

During the year ended December 31, 2021, the Company completed other business combinations for total consideration of approximately $66.9 million, net of cash acquired. In aggregate, $10.7 million was attributed to intangible assets, $57.2 million to goodwill and $1.0 million to other net liabilities acquired. Of the $57.2 million of goodwill, $55.7 million is deductible for income tax purposes amortized on a straight-line basis over 15 years. These acquisitions enabled the Company to expand its position in the used vehicle industry and enhance its service offerings for dealers and commercial partners. As of acquisition dates, the fair value of contingent consideration was determined to be $2.0 million on acquired company performance.

The transactions were accounted for using the acquisition method and, accordingly, the results of the acquired business have been included in the Company's results of operations from the acquisition date. In connection with the acquisitions, the Company incurred approximately $1.6 million of transaction costs recorded in the Selling, general and administrative line of the Condensed Consolidated Statements of Operations.