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Acquisitions (Tables)

3 Months Ended

Mar. 31, 2021

Business Combinations [Abstract]

Schedule of Business Acquisitions Aggregate Detail

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

			Acquisitions Completed in
			Three Months Ended						Year Ended
			March 31, 2021						December 31, 2020
Number of acquisitions			3						6
Cash paid at closing			$	59,301					$	98,298
Cash acquired			(1,326)						(5,266)
Net cash paid			$	57,975					$	93,032

Schedule of Business Acquisitions Contingent Consideration

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

			March 31, 2021						December 31, 2020
Accruals and other current liabilities			$	3,093					$	2,884
Other liabilities			1,692						1,415
Contingent consideration from acquisitions			$	4,785					$	4,299

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

			March 31, 2021						December 31, 2020
Accruals and other current liabilities			$	2,323					$	685
Other liabilities			2,635						1,774
Non-contingent consideration from acquisitions			$	4,958					$	2,459

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
			Three Months Ended						Year Ended
			March 31, 2021						December 31, 2020
Consideration:
Cash paid at closing			$	59,301					$	98,298
Contingent consideration			549						2,380
Deferred, non-contingent consideration, net			1,718						1,416
Total consideration			$	61,568					$	102,094
Assets acquired and liabilities assumed:
Cash			$	1,326					$	5,266
Prepaid and other current assets			5,617						8,701
Operating lease right-of-use assets			192						2,529
Property and equipment			550						499
Other assets			300						36
Customer relationship asset (weighted average useful life of 5 and 6 years, respectively)			11,326						11,371
Software and technology (weighted average useful life of 3 years)			1,399						2,207
Non-compete agreement (useful life of 5 years)			—						200
Trademarks (weighted average useful life of 3 and 7 years, respectively)			481						3,953
Total identifiable assets acquired excluding goodwill			21,191						34,762
Accruals and other current liabilities			(3,678)						(4,991)
Deferred revenues			(1,902)						(5,351)
Operating lease liabilities			(192)						(2,529)
Deferred income taxes			(3,280)						(1,701)
Other liabilities			(178)						(86)
Total liabilities assumed			(9,230)						(14,658)
Net identifiable assets acquired excluding goodwill			11,961						20,104
Goodwill			49,607						81,990
Net assets acquired			$	61,568					$	102,094

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- Definition

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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- 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

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-Publisher FASB
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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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