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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Preliminary Purchase Price Allocated

The final purchase price was allocated as follows:

						Purchase Price Allocation
						(in thousands)
Cash and cash equivalents						$	33,797
Deposits with clearing organizations						18,147
Accounts receivable						2,645
Equipment						1,498
Software development costs						820
Goodwill						85,462
Intangible assets – customer relationships						101,285
Accrued compensation						(1,246)
Deferred revenue						(620)
Accounts payable, accrued expenses and other liabilities						(229)
Total						241,559
Less: Cash acquired						(33,797)
Less: Deposits with clearing organizations acquired						(18,147)
Working capital adjustments						385
Purchase price, net of cash and deposits acquired and excluding working capital adjustments						$	190,000

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- References

No definition available.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472

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