Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Changes in Fair Value of Assets Acquired and Liabilities Assumed as Part of Business Combination

The impact of these adjustments are as follows (in thousands):

Traverse	Acquisition Date Fair Value		Fair Value Mark-to-Market Changes		Revised Acquisition Date Fair Value
Goodwill	$	444	$	291	$	735
Intangible Assets:
Technology	$	2,500	$	(30)	$	2,470
Customer relationships	$	50	$	—	$	50
Brand	$	59	$	1	$	60
Non-competition agreements	$	3	$	(3)	$	—
Contingent consideration liability	$	428	$	3	$	431
Working capital accounts	$	(49)	$	333	$	284

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The acquisition date fair value of assets acquired and liabilities assumed from the AAP, Crisp Results and Traverse acquisitions consist of the following (in thousands):

	Expected Useful Life	AAP		Crisp Results		Traverse
		2021		2021		2022
Cash		$	—	$	—	$	232
Goodwill		9,761		21,894		735
Technology	4 to 5	3,900		—		2,470
Customer relationships	4 to 6	7,690		19,600		50
Accounts receivable, net		3,100		2,610		276
Brand	1 to 7	208		7,400		60
Non-competitive agreements	1 to 3	83		—		—
Property and equipment	3 to 5	250		220		—
Accounts payable		(2,887)		(1,593)		(232)
Other assets acquired and liabilities assumed, net (1)		740		1		7
Net assets and liabilities acquired		$	22,845	$	50,132	$	3,598

____________________

(1) Other assets acquired and liabilities assumed, net includes prepaids and other current assets, partially offset by other current liabilities (e.g., Travel and expense payables, payroll liabilities, tax liabilities, and transition services payable).

Schedule of Business Acquisitions, by Acquisition

The following schedule represents the amounts of net revenue and net loss from operations related to Traverse, AAP and Crisp Results acquisitions which have been included in the consolidated statements of operations for the periods indicated subsequent to the acquisition date in the period of acquisition (in thousands):

	Year Ended December 31, 2022
	Traverse
Net revenue	$	1,846
Net income from operations	$	489

	Year Ended December 31, 2021
	AAP		Crisp Results
Net revenue	$	21,083	$	25,637
Net (loss) from operations	$	(4,661)	$	(1,042)

Pro Forma Information

The following pro forma financial information represents the consolidated financial information as if the acquisitions had been included in our consolidated results beginning on the first day of the fiscal year prior to their respective acquisition dates (in thousands):

	Year Ended December 31, 2022
	(unaudited)
	DMS		Traverse		Pro Forma
Net revenue	$	391,148	$	999	$	392,147
Net (loss) from operations	$	(42,467)	$	(417)	$	(42,884)

	Year Ended December 31, 2021
	(unaudited)
	DMS		AAP		Crisp Results		Traverse		Pro Forma
Net revenue	$	427,935	$	2,465	$	8,284	$	2,614	$	441,298
Net income from operations	$	8,382	$	457	$	2,296	$	47	$	11,182