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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

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- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

+ References

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- 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

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