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ACQUISITIONS (Tables) | 9 Months Ended
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Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract] |
Assets Acquired and Liabilities Assumed | The table below summarizes the consideration paid for TIDAL and the preliminary assessment of the fair value of the assets acquired and liabilities assumed at the closing date (in thousands, except share data).The Company is in the process of completing the determination of the fair values of certain intangible assets acquired, liabilities assumed and noncontrolling interests, including reviewing third party valuations, and accordingly, the preliminary values reflected in the table are subject to change. These changes will primarily relate to the fair value assigned to intangible assets acquired, royalty liabilities assumed, and evaluation of contingencies and tax effects related to the acquisition.
Consideration: |
Cash | $ | 176,663 |
Deferred consideration | 50,528 |
Stock (41,138 shares of Class A common stock) | 10,071 |
| $ | 237,262 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |
Current assets (inclusive of cash acquired of $12,358) | $ | 33,294 |
Intangible customer assets | 69,000 |
Intangible technology assets | 29,000 |
Intangible trade name | 35,000 |
Intangible other assets | 8,000 |
Other non-current assets | 33,443 |
Accrued expenses and other current liabilities | (67,789) |
Other non-current liabilities | (52,547) |
Total identifiable net assets acquired | 87,401 |
Noncontrolling interests | (48,192) |
Goodwill | 198,053 |
Total | $ | 237,262 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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