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BUSINESS COMBINATIONS (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The allocation of the purchase price paid for Viewgol was as follows:
(In thousands) | Purchase Price Allocation
Acquired cash | $ | 1,449 |
Accounts receivable | 2,233 |
Prepaid expenses | 132 |
Property and equipment | 1,112 |
Intangible assets | 17,720 |
Goodwill | 17,263 |
Accounts payable and accrued liabilities | (711) |
Contingent consideration | (1,044) |
Net assets acquired | $ | 38,154 |
The allocation of the purchase price paid for HRG was as follows:
(In thousands) | Purchase Price Allocation
Acquired cash | $ | 3,989 |
Accounts receivable | 5,655 |
Prepaid expenses | 398 |
Property and equipment | 467 |
Other assets | 73 |
Intangible assets | 24,200 |
Operating lease assets | 1,315 |
Goodwill | 20,750 |
Accounts payable and accrued liabilities | (2,403) |
Deferred taxes, net | (5,565) |
Operating lease liability | (1,315) |
Net assets acquired | $ | 47,564 |
The allocation of the purchase price paid for TruCode was as follows:
(In thousands) | Purchase Price Allocation
Acquired cash | $ | 4,249 |
Accounts receivable | 924 |
Prepaid expenses | 2 |
Intangible assets | 37,300 |
Goodwill | 27,287 |
Accounts payable and accrued liabilities | (1,840) |
Contingent consideration | (2,500) |
Deferred revenue | (1,300) |
Net assets acquired | $ | 64,122 |
Pro Forma Information | The pro forma information does not fully reflect: (1) any anticipated synergies (or costs to achieve synergies) or (2) the impact of non-recurring items directly related to the Viewgol acquisition.
| Year Ended December 31,
(In thousands, except per share data, unaudited) | 2023 |  | 2022
Pro forma revenues | $ | 351,731 |  |  | $ | 338,009 |
Pro forma net income | $ | (47,735) |  |  | $ | 15,536 |
Pro forma diluted earnings per share | $ | (3.36) |  |  | $ | 1.10 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + 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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