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Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Summary of Acquisition Accounting | The following table summarizes the preliminary acquisition accounting for the Gringo acquisition noted above (in thousands):
Trade and other receivables | $ | 9,168 |
Prepaid expenses and other current assets | 4,284 |
Other long term assets | 847 |
Goodwill | 116,718 |
Intangibles | 44,532 |
Accounts payable | (1,200) |
Other current liabilities | (5,036) |
Other noncurrent liabilities | (15,594) |
Total consideration paid | $ | 153,719 |
The following table summarizes the acquisition accounting for the 2024 business acquisitions noted above (in thousands):
Trade and other receivables | $ | 22,898 |
Prepaid expenses and other current assets | 72,394 |
Other long term assets | 40,909 |
Goodwill | 714,255 |
Intangibles | 585,902 |
Accounts payable | (55,504) |
Other current liabilities | (463,627) |
Other noncurrent liabilities | (99,463) |
Total fair value of net assets acquired | $ | 817,764 |
Less: Noncontrolling interest | (29,437) |
Total consideration paid | $ | 788,327 |
Summary of Estimated Fair Value of Intangible Assets Acquired and the Related Estimated Useful Lives | 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 - indefinite lived | N/A |  | $ | 13,938 |  |
Trade names and trademarks - other | 2 to 5 |  | 12,200 |  |
Proprietary technology | 4 to 5 |  | 23,485 |  |
Customer and vendor relationships | 2 to 20 |  | 536,279 |  |
|  |  | $ | 585,902 |  |

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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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 + Details
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