Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table presents management’s final purchase price allocation:

(in thousands)	Purchase price allocation
Cash	$	843
Accounts receivable		209
Property and equipment		204
Developed technology		10,700
Prepaid and other acquired assets		221
Goodwill		28,495
Total assets		40,672
Accounts payable and accrued expenses		1,300
Deferred revenue		443
Earn-out liability		14,200
Consideration paid	$	24,729

The following table presents management’s final purchase price allocation for the Punchh Acquisition:

(in thousands)	Purchase price allocation
Cash	$	22,714
Accounts receivable		10,214
Property and equipment		592
Lease right-of-use assets		2,473
Developed technology		84,600
Customer relationships		7,500
Trade name		5,800
Indemnification assets		2,109
Prepaid and other acquired assets		2,764
Goodwill		415,055
Total assets	$	553,821
Accounts payable and accrued expenses		15,617
Deferred revenue		10,298
Loan payables		3,508
Lease liabilities		2,787
Indemnification liabilities		2,109
Deferred taxes		11,794
Consideration paid	$	507,708

Schedule of Pro Forma Financial Information

The following table summarizes the Company’s unaudited pro forma results of operations:

(in thousands)	Year Ended December 31, 2021
Total revenue	$	219,071
Net loss		(88,680	)