Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Allocation of Aggregate Purchase Consideration

The following table summarizes the allocation of the purchase consideration for the acquisition of SRFax (in thousands):

Assets and Liabilities	Valuation
Accounts receivable	$	194
Property and equipment	44
Trade names	907
Customer relationships	8,235
Goodwill	15,844
Other intangibles	379
Accounts payables and accrued expenses	(94)
Deferred revenue	(519)
Total	$	24,990

The following table summarizes the allocation of the purchase consideration for the acquisition of SEOmoz (in thousands):

Assets and Liabilities	Valuation
Accounts receivable	$	3,901
Prepaid expenses and other current assets	1,568
Property and equipment	1,838
Operating lease right-of-use assets	5,888
Trade names	7,200
Customer relationships	5,000
Goodwill	41,213
Other intangibles	21,607
Accounts payables and accrued expenses	(2,352)
Other current liabilities	(14)
Deferred revenue	(6,398)
Operating lease liabilities, current	(7,191)
Other long-term liabilities	(785)
Deferred tax liability	(4,936)
Total	$	66,539

The following table summarizes the allocation of the purchase consideration for the acquisition of Inspired eLearning (in thousands), which is included within discontinued operations on the balance sheet:

Assets and Liabilities	Valuation
Accounts receivable	$	1,876
Prepaid expenses and other current assets	1,002
Property and equipment	418
Trade names	2,012
Customer relationships	3,654
Goodwill	13,174
Other intangibles	6,134
Other long-term assets	73
Deferred tax asset	39
Accounts payables and accrued expenses	(1,878)
Deferred revenue	(5,935)
Operating lease liabilities, current	(97)
Total	$	20,472

Supplementary Information on Unaudited Pro Forma Financial Basis

The supplemental information on an unaudited pro forma financial basis presents the combined results of the Company and SRFax as if the acquisition had occurred on January 1, 2019 (in thousands, except per share amounts):

	Year ended
	December 31, 2020		December 31, 2019
	(unaudited)		(unaudited)
Revenues	$	332,431	$	328,351
Net income	$	122,912	$	180,911
EPS - Basic (1)	$	6.18	$	9.09
EPS - Diluted (1)	$	6.18	$	9.09

(1) Basic and Diluted EPS are calculated based on net income from continuing operations attributable to common shareholders.