Acquisition (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Allocation of Purchase Price

The allocation of the total purchase price is summarized below (in thousands):

	Wrike
	Purchase Price Allocation		Asset Life
Current assets	$	32,008
Intangible assets	824,900		2 - 7 years
Goodwill	1,602,384		Indefinite
Other assets	17,681
Assets acquired	2,476,973
Current liabilities assumed	85,368
Long-term liabilities assumed	202,511
Deferred tax liabilities, non-current	122,402
Net assets acquired	$	2,066,692

Schedule of Intangible Assets Acquired

Identifiable intangible assets acquired in connection with the Wrike acquisition (in thousands) and the weighted-average lives are as follows:

	Wrike		Asset Life
Core and product technologies	$	347,900	6 years
Customer relationships	446,400		7 years
Backlog	13,500		2 years
Trade names	17,100		3 years
Total	$	824,900

Schedule of Pro-Forma Information

The following unaudited pro-forma information combines the consolidated results of the operations of the Company and Wrike as if the acquisition had occurred on January 1, 2020, the first day of the Company's fiscal year 2020 (in thousands, except per share data):

	Year Ended December 31,
	2021		2020
Revenues	$	3,239,423	$	3,340,730
Income from operations	$	207,941	$	402,620
Net income	$	279,314	$	304,195
Earnings per share - basic	$	2.25	$	2.46
Earnings per share - diluted	$	2.21	$	2.41