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Business Combination (Tables)
6 Months Ended
Jun. 30, 2022
Business Combinations [Abstract]  
Summary of Purchase Consideration and Purchase Price Allocation to Estimated Fair Values of Identifiable Assets Acquired and Liabilities Assumed

The following tables summarize the purchase consideration and the purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed (in thousands):

 

Cash consideration

 

$

72,275

 

Fair value of contingent earn-out liability

 

 

3,100

 

Total purchase price

 

$

75,375

 

 

Purchase price allocation

 

$

75,375

 

Less fair value of net assets acquired:

 

 

 

Cash and cash equivalents

 

 

2,555

 

Accounts receivable

 

 

799

 

Other current assets

 

 

57

 

Property and equipment

 

 

17

 

Intangible assets

 

 

42,930

 

Deferred revenue

 

 

(650

)

Accounts payable

 

 

(1,045

)

Deferred tax liabilities

 

 

(10,819

)

      Net assets acquired

 

 

33,844

 

Goodwill

 

$

41,531

 

Summary of Fair Values of Identifiable Intangible Assets Acquired at Date of Sponsor Acquisition The fair values of the identifiable intangible assets acquired at the date of acquisition are as follows (in thousands):

 

 

 

Acquisition
Date Fair
Value

 

 

Weighted-
Average
Useful Life
(Years)

 

Brand

 

$

38,000

 

 

 

15

 

Developed technology

 

 

4,100

 

 

 

4

 

User base

 

 

830

 

 

 

4

 

Total identifiable intangible assets acquired

 

$

42,930