Business Combinations (Tables)

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Aggregated Consideration And Preliminary Purchase Price Allocation

The following table summarizes the consideration and preliminary purchase price allocation for the acquisitions completed during the six months ended June 30, 2022 and 2021, respectively (in thousands):

	2022		2021
Common stock issued (number)	—		122
Common stock value	$	—	$	4,060
Cash paid	72,469		43,104
Recorded contingent consideration	64,648		20,124
Total recorded purchase price	$	137,117	$	67,288
Accounts receivable acquired	18,230		5,639
Fixed assets acquired	1,793		781
Identifiable intangible assets acquired	49,000		22,393
Operating lease right-of-use asset acquired	49,291		13,413
Other assets acquired	1,497		429
Operating lease liability acquired - current	(5,860)		(1,070)
Other current liabilities acquired	(909)		(971)
Operating lease liability acquired - non-current	(43,431)		(12,343)
Goodwill	67,506		39,017
Total net assets acquired	$	137,117	$	67,288
Maximum potential contingent consideration	$	67,115	$	21,115

Segment Allocation

The following table summarizes the goodwill and intangible asset amounts resulting from those acquisitions for the six months ended June 30, 2022 and 2021, respectively (in thousands):

	Six Months Ended June 30,
	2022				2021
	Financial Services		Benefits and Insurance Services		Financial Services		Benefits and Insurance Services
Goodwill	$	67,506	$	—	$	37,222	$	1,795
Client list	49,000		—		20,220		1,290
Other intangibles	—		—		837		46
Total	$	116,506	$	—	$	58,279	$	3,131

Contingent Consideration

The following table summarizes the changes in contingent purchase price consideration for previous acquisitions and contingent payments made for previous business acquisitions in the three and six months ended June 30, 2022 and 2021, respectively (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net expense	$	836	$	93	$	1,478	$	753
Cash settlement paid	$	1,045	$	6,122	$	8,122	$	7,584
Shares issued (number)	—		16		19		53