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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Final Purchase Price Allocated

The final purchase price was allocated as follows:

						Purchase Price Allocation
						(dollars in thousands)
Cash and cash equivalents						$	1,397
Accounts receivable						153
Software development costs						28,000
Goodwill						42,189
Intangible assets - Customer relationships						56,500
Other assets						179
Deferred revenue						(219)
Accounts payable, accrued expenses and other liabilities						(886)
Total cash paid and stock issued						127,313
Less: Cash acquired						(1,397)
Less: Working capital and other closing adjustments (1)						(14)
Purchase price, net of cash acquired and excluding working capital and other closing adjustments						$	125,902

(1) The net working capital and other closing adjustments receivable of $14,000 as of June 30, 2024 was collected in July 2024.

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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
-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

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