Acquisitions (Tables)

6 Months Ended

Jun. 30, 2022

Business Combinations [Abstract]

Summary of Transaction Transferred

The consideration transferred for the transaction is summarized as follows:

(in thousands)
Initial cash investment in December 2021	$	40,000
Cash consideration paid at closing		58,645
Working capital adjustment		(202	)
Contingent consideration		1,000
Purchase price	$	99,443

Summary of Allocation of Purchase Price to the Fair Value of Assets Acquired

The preliminary allocation of the acquisition-date fair values of assets and liabilities pertaining to this business combination as of February 18, 2022, was as follows:

(in thousands)
Preliminary allocation:	February 18, 2022
Cash	$	2,146
Accounts receivable		3,525
Prepaid expenses and other current assets		640
Property and equipment		134
Intangible assets		46,000
Right-of-use asset, operating leases		832
Other assets		703
Accounts payable and accrued expenses		(821	)
Deferred revenue		(3,365	)
Right-of-use liability, operating leases		(832	)
Deferred taxes		(10,135	)
Other liabilities		(900	)
Total assets acquired and liabilities assumed		37,927
Goodwill		61,516
Purchase price	$	99,443

Schedule of Business Acquisition, Pro Forma Information

Unaudited Pro Forma Supplementary Data as if the transaction had occurred on January 1, 2021:

	Six Months Ended June 30,
(in thousands)	2022			2021
Revenue	$	106,149		$	81,765
Net loss		(22,136	)		(26,582	)