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Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions Aggregate Details
The aggregate details of the Company’s acquisition activity are as follows:
Acquisitions Completed in
Year Ended December 31,
202120202019
Number of acquisitions13 6 4 
Cash paid at closing (1)
$1,072,820 $98,298 $36,577 
Cash acquired(37,837)(5,266)(2,523)
Net cash paid$1,034,983 $93,032 $34,054 
(1)Of the cash paid at closing for the year ended December 31, 2021, $8,701 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:
December 31,
20212020
Accruals and other current liabilities$5,382 $2,884 
Other liabilities1,231 1,415 
Contingent consideration from acquisitions$6,613 $4,299 
The fair value of non-contingent consideration from acquisitions is included in the consolidated balance sheets as follows:
December 31,
20212020
Accruals and other current liabilities$4,751 $685 
Other liabilities6,177 1,774 
Non-contingent consideration from acquisitions$10,928 $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
Year Ended December 31,
202120202019
Consideration:
Cash paid at closing$1,072,820 $98,298 $36,577 
Shares issued at closing (1)(2)
182,390 — — 
Contingent consideration4,544 2,380 4,498 
Deferred, non-contingent consideration, net10,090 1,416 — 
Total consideration$1,269,844 $102,094 $41,075 
Assets acquired and liabilities assumed:
Cash$37,837 $5,266 $2,523 
Accounts receivable and other current assets24,174 8,701 1,782 
Operating lease right-of-use assets12,095 2,529 — 
Property and equipment4,383 499 411 
Other assets874 36 84 
Software and technology (weighted average useful life of 5, 3, and 3 years, respectively)
43,560 2,207 2,423 
Customer relationships (weighted average useful life of 9, 6, and 7 years, respectively)
158,555 11,371 6,534 
Trademarks (weighted average useful life of 10, 7 and 5 years, respectively)
38,256 3,953 1,431 
Non-compete agreement (useful life of 5 years)
— 200 150 
In-process research and development3,700 — — 
Total identifiable assets acquired excluding goodwill323,434 34,762 15,338 
Accruals and other current liabilities(27,649)(4,991)(3,538)
Deferred revenues(26,245)(5,351)(2,897)
Operating lease liabilities(11,988)(2,529)— 
Deferred income taxes(53,342)(1,701)(1,869)
Other liabilities(716)(86)— 
Total liabilities assumed(119,940)(14,658)(8,304)
Net identifiable assets acquired excluding goodwill203,494 20,104 7,034 
Goodwill1,066,350 81,990 34,041 
Net assets acquired$1,269,844 $102,094 $41,075 
(1)Of the total 3,141,342 shares issued at closing, 83,627 shares are subject to forfeiture if post‑closing employment service conditions are not met. Accordingly, $5,452 is being recorded as stock‑based compensation expense over the related forfeiture period of two years (see Note 15).
(2)A fair value adjustment of $16,943 was applied to the stock consideration due to restrictions on the transfer of securities.