XML 43 R34.htm IDEA: XBRL DOCUMENT v3.23.2

Acquisitions (Tables)

6 Months Ended

Jun. 30, 2023

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 during
			Six Months Ended
			June 30,
			2023						2022
Number of acquisitions			1						2
Cash paid at closing (1)			$	10,299					$	733,343
Cash acquired			—						(19,146)
Net cash paid			$	10,299					$	714,197

(1)

Schedule of Business Acquisitions Contingent Consideration

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

			June 30, 2023						December 31, 2022
Accruals and other current liabilities			$	3					$	1,196
Contingent consideration from acquisitions			$	3					$	1,196

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

			June 30, 2023						December 31, 2022
Accruals and other current liabilities			$	3,662					$	2,434
Other liabilities			625						2,977
Non-contingent consideration from acquisitions			$	4,287					$	5,411

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
			Six Months Ended						Year Ended
			June 30, 2023						December 31, 2022
Consideration:
Cash paid at closing			$	10,299					$	763,228
Contingent consideration			—						1,390
Deferred, non-contingent consideration, net			525						749
Other			56						(269)
Total consideration			$	10,880					$	765,098
Assets acquired and liabilities assumed:
Cash			$	—					$	20,221
Accounts receivable and other current assets			1,483						8,890
Operating lease right-of-use assets			345						1,237
Property and equipment			—						1,316
Other assets			—						7
Software and technology (weighted average useful life of 3 and 5 years, respectively)			1,300						10,608
Customer relationships (weighted average useful life of 6 and 10 years, respectively)			3,900						82,278
Trademarks (weighted average useful life of 5 and 8 years, respectively)			800						6,972
Total identifiable assets acquired excluding goodwill			7,828						131,529
Accruals and other current liabilities			—						(4,079)
Deferred revenues			(3,951)						(14,176)
Operating lease liabilities			(345)						(1,237)
Deferred income taxes			—						(5,745)
Total liabilities assumed			(4,296)						(25,237)
Net identifiable assets acquired excluding goodwill			3,532						106,292
Goodwill			7,348						658,806
Net assets acquired			$	10,880					$	765,098

X

- References

No definition available.

+ Details

Name:	us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionContingentConsiderationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

+ Details

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration