Business Combinations (Tables)

12 Months Ended

Dec. 31, 2021

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the consideration transferred to acquire DHP and the amounts of identified assets acquired and liabilities assumed at the acquisition date:

(in thousands)
Total consideration transferred in cash	$	151,776
Cash and cash equivalents	2,100
Trade accounts receivable, net	2,993
Prepaid expenses	369
Other current assets, net	119
Property and equipment, net(1)	9,056
Other assets	276
Other intangibles, net(2)	41,060
Accounts payable	(458)
Other accrued expenses	(5,209)
Deferred income taxes	(6,215)
Long-Term Liabilities	(553)
Total identifiable net assets	43,538
Goodwill	$	108,238

(1)Includes capitalized software of $8.9 million and other tangible assets of $0.2 million.

(2)Includes client relationships of $39.8 million with a remaining useful life of 16 years, and trade names of $1.2 million with a remaining useful life of 10 years. The weighted average remaining useful life of the acquired intangibles subject to amortization is 15 years, 9 months.

The following table summarizes the consideration transferred to acquire HST and the amounts of identified assets acquired and liabilities assumed at the acquisition date:

(in thousands)	December 31, 2020		Measurement period adjustments		December 31, 2021
Total consideration transferred in cash	$	145,416	$	(182)	$	145,234
Cash and cash equivalents	5,384		64		5,448
Trade accounts receivable, net	885		(112)		773
Prepaid expenses	138		—		138
Operating lease right-of-use assets	1,306		—		1,306
Property and equipment, net	78		—		78
Other current assets, net	60		1,635		1,695
Trademark, net	1,430		—		1,430
Technology, net	6,350		—		6,350
Client relationships intangible, net	24,460		—		24,460
Accounts payable	(419)		(139)		(558)
Other accrued expenses	(310)		(140)		(450)
Deferred income taxes	(7,854)		1,016		(6,838)
Operating lease obligation	(1,415)		—		(1,415)
Total identifiable net assets	30,093		2,324		32,417
Goodwill	$	115,323	$	(2,506)	$	112,817