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ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of business acquisitions by acquisition

The total consideration transferred in the acquisition was $96.8 million, consisting of the following (in thousands):

Cash			$	30,830
Cash payable			1,005
Previously-held interest on acquisition date			20,000
Class A common stock of the Company			44,995
Total purchase consideration			$	96,830

Schedule of recognized identified assets acquired and liabilities assumed

The results of operations and the provisional fair values of the assets acquired and liabilities assumed have been recorded in the Condensed Consolidated Financial Statements as of the date of acquisition. The following table summarizes the fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands):

Goodwill			$	65,764
Intangible assets, net			21,100
Other assets and liabilities, net			9,966
Net assets acquired			$	96,830

Schedule of components of finite lived and indefinite lived identifiable intangible assets acquired

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands, except for years data):

			Fair Value						Useful Life at Acquisition (in years)
Licenses			$	1,100					Indefinite
Customer relationships			17,100						6
In-process research and development (“IPR&D”)			2,900						N/A

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

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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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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.

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