Goodwill (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table sets forth the carrying amount and activity of goodwill as of December 31, 2022:

	December 31,
	2022		2021
Balance at the beginning of the period	$	113,574	$	1,739
Acquisitions (Note 3)	8,319		112,756
Measurement period adjustment for business combinations from prior year	24,745		—
Effect of exchange rate on goodwill	(10,175)		(921)
Balance at the end of the period	$	136,463	$	113,574

Schedule of Net Assets Acquired And Goodwill

As of December 31, 2022, the Company finalized the opening net assets acquired and goodwill as follows:

	Preliminary Valuation		Adjustments		Final Valuation
Property and equipment	$	6,009	$	(1,017)	$	4,992
Developed technology	43,594		(26,289)		17,305
In-progress research & development	10,304		(10,304)		—
Customer relationships	12,682		377		13,059
Backlog	2,378		(2,362)		16
Trade name	6,125		821		6,946
Deferred tax liabilities, non-current	(20,272)		10,242		(10,030)
Goodwill	103,721		28,532		132,253

As of December 31, 2022, the Company finalized the opening net assets acquired and goodwill as follows:

	Preliminary Valuation		Adjustment		Final Valuation
Property and equipment	$	1,315	$	109	$	1,424
Developed technology	5,077		(5,077)		—
In-progress research & development	1,562		8,538		10,100
Current liabilities	(754)		217		(537)
Goodwill	9,089		(3,787)		5,302

As of December 31, 2022, the Company finalized the opening net assets acquired and goodwill as follows:

	Preliminary Valuation		Adjustment		Final Valuation
Purchase price - contingent considerations	$	8,204	$	(368)	$	7,836
Inventory	2,020		(90)		1,930
Developed technology	6,631		(1,571)		5,060
In-progress research & development	2,170		1,890		4,060
Customer relationships	2,411		2,099		4,510
Backlog	603		(253)		350
Trade name	965		1,625		2,590
Deferred tax liability	(2,935)		1,880		(1,055)
Goodwill	14,267		(5,948)		8,319

Subsequent to the issuance of the financial statements for the fiscal year ended December 31, 2021, the Company identified a misstatement in the financial statements related to the recognition of deferred taxes in the purchase accounting for ON Design Israel. The Company recorded the following adjustment:

	December 31, 2021
	Initially reported		Adjustment		Corrected
Goodwill	$	115,206	$	(1,632)	$	113,574
Deferred tax liabilities, non-current	$	21,164	$	(1,632)	$	19,532