Acquisitions (Tables)

6 Months Ended

Jun. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of business acquisition, assets acquired and liabilities assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed:

	NextSphere		Mutual Mobile
	(in thousands)
Current assets	$	9,708	$	4,982
Property, plant and equipment	192		132
Intangible assets	9,906		3,749
Goodwill	9,119		9,556
Other noncurrent assets	511		102
Total assets acquired	$	29,436	$	18,521
Accounts payable, accrued expenses and other liabilities	(1,990)		(1,576)
Deferred taxes	(2,235)		(875)
Total liabilities assumed	$	(4,225)	$	(2,451)
Purchase price allocation	$	25,211	$	16,070

Schedule of business acquisition, finite-lived intangibles

The estimated fair value, useful lives and amortization methods of identifiable intangible assets as of the date of acquisition updated for any changes as of June 30, 2023 are as follows:

	NextSphere			Mutual Mobile
	Fair Value		Useful Life	Fair Value		Useful Life
	(in thousands, except in years)
Customer relationships	$	8,415	10 years	$	3,453	8 years
Acquired software	995		2.5 years	—		—
Trade name	496		2 years	152		4 years
Non-compete agreements	—		—	144		2 years
Total identified intangible assets	$	9,906		$	3,749

Schedule of business acquisition, pro forma information

These unaudited pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the results of operations as they would have been had the acquisitions occurred on the assumed dates, nor are they necessarily an indication of future operating results.

	Three Months Ended June 30, 2022		Six Months Ended June 30, 2022
	(in thousands)
Revenue	$	82,515	$	157,555
Net loss	$	(12,559)	$	(13,904)
Diluted loss per share	$	(0.19)	$	(0.21)