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Acquisitions (Tables)

9 Months Ended

Sep. 30, 2020

Business Combinations [Abstract]

Schedule of Business Acquisitions Aggregate Detail

The aggregate details of the Company’s acquisition activity are as follows:

			Acquisitions Completed in
			Nine Months Ended						Year Ended
			September 30,						December 31,
			2020						2019
Number of acquisitions			4						4
Cash paid at closing (1)			$	70,984					$	36,577
Cash acquired			(2,064)						(2,523)
Net cash paid			$	68,920					$	34,054

(1)Of the cash paid at closing during the nine months ended September 30, 2020, $3,413 was deposited into an escrow account to secure any potential indemnification and other obligations of the seller.

Schedule of Business Acquisitions Contingent Consideration

The fair value of the contingent consideration from acquisitions is included in the consolidated balance sheets as follows:

			September 30,						December 31,
			2020						2019
Accruals and other current liabilities			$	3,583					$	5,100
Other liabilities			1,560						1,499
Contingent consideration from acquisitions			$	5,143					$	6,599

Non-contingent consideration from acquisitions of $91 and $900 as of September 30, 2020 and December 31, 2019, respectively, is included in Accruals and other current liabilities in the consolidated balance sheets.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following summarizes the fair values of the assets acquired and liabilities assumed as well as the weighted average useful lives assigned to acquired intangible assets at the respective date of each acquisition (including contingent consideration):

			Acquisitions Completed in
			Nine Months Ended						Year Ended
			September 30,						December 31,
			2020						2019
Consideration:
Cash paid at closing			$	70,984					$	36,577
Contingent consideration			1,902						4,498
Deferred payment obligations to (from) sellers			(141)						—
Total consideration			$	72,745					$	41,075
Assets acquired and liabilities assumed:
Cash			$	2,064					$	2,523
Prepaid and other current assets			5,671						1,782
Operating lease right-of-use assets			1,668						—
Property and equipment			172						411
Other assets			36						84
Customer relationship asset (weighted average useful life of 7 years)			8,854						6,534
Software and technology (weighted average useful life of 3 years)			2,207						2,423
Non-compete agreement (useful life of 5 years)			200						150
Trademarks (weighted average useful life of 9 and 5 years, respectively)			3,050						1,431
Total identifiable assets acquired excluding goodwill			23,922						15,338
Accruals and other current liabilities			(2,458)						(3,538)
Deferred revenues			(4,274)						(2,897)
Operating lease liabilities			(1,668)						—
Deferred income taxes			(1,005)						(1,869)
Other liabilities			(87)						—
Total liabilities assumed			(9,492)						(8,304)
Net identifiable assets acquired excluding goodwill			14,430						7,034
Goodwill			58,315						34,041
Net assets acquired			$	72,745					$	41,075

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Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

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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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