XML 43 R30.htm IDEA: XBRL DOCUMENT
v3.24.3

Acquisitions (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Summary of Acquisition Accounting | The following table summarizes the preliminary acquisition accounting for the business acquisitions noted above (in thousands):
Trade and other receivables | $ | 12,632 |
Prepaid expenses and other current assets | 1,330 |
Other long term assets | 3,589 |
Goodwill | 380,248 |
Intangibles | 245,503 |
Accounts payable | (9,839) |
Other current liabilities | (302,203) |
Other noncurrent liabilities | (63,102) |
Total fair value of net assets acquired | $ | 268,158 |
Less: Noncontrolling interest | (29,437) |
Aggregate purchase price, net of cash acquired | $ | 238,721 |
The following table summarizes the acquisition accounting, in aggregate, for the business acquisitions noted above (in thousands):
Trade and other receivables | $ | 9,299 |
Prepaid expenses and other current assets | 46,425 |
Other long term assets | 13,302 |
Goodwill | 383,851 |
Intangibles | 158,689 |
Accounts payable | (25,238) |
Other current liabilities | (132,132) |
Other noncurrent liabilities | (18,923) |
Aggregate purchase price, net of cash acquired | $ | 435,273 |
Summary of Preliminary Estimated Fair Value of Intangible Assets Acquired and the Related Estimated Useful Lives | The preliminary estimated fair value of intangible assets acquired and the related estimated useful lives consisted of the following (in thousands):
| Useful Lives (in Years) |  | Value |
Trade names and trademarks | 7 to Indefinite |  | $ | 22,738 |  |
Proprietary technology | 4 to 5 |  | 18,385 |  |
Customer and vendor relationships | 2 to 20 |  | 204,380 |  |
|  |  | $ | 245,503 |  |
The estimated fair value of intangible assets acquired and the related estimated useful lives consisted of the following (in thousands):
| Useful Lives (in Years) |  | Value |
Trade names and trademarks | 2 to Indefinite |  | $ | 12,459 |  |
Proprietary technology | 5 to 7 |  | 11,885 |  |
Customer relationships | 6 to 20 |  | 134,345 |  |
|  |  | $ | 158,689 |  |

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
Name: | us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration