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Acquisitions (Tables)

9 Months Ended

Sep. 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
			Nine Months Ended
			September 30,
			2023						2022
Number of acquisitions			2						4
Cash paid at closing (1)			$	23,375					$	738,810
Cash acquired			(265)						(19,271)
Net cash paid			$	23,110					$	719,539

(1)Of the cash paid at closing for the nine months ended September 30, 2023 and 2022, $1,000 and $3,000, respectively, was deposited into an escrow account to secure any potential indemnification and other obligations of the seller.

Schedule of Contingent and Non-Contingent Consideration Fair Value

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

			September 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:

			September 30, 2023						December 31, 2022
Accruals and other current liabilities			$	3,966					$	2,434
Other liabilities			—						2,977
Non-contingent consideration from acquisitions			$	3,966					$	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
			Nine Months Ended						Year Ended
			September 30, 2023						December 31, 2022
Consideration:
Cash paid at closing			$	23,375					$	763,228
Contingent consideration			—						1,390
Deferred, non-contingent consideration, net			525						749
Other			56						(269)
Total consideration			$	23,956					$	765,098
Assets acquired and liabilities assumed:
Cash			$	265					$	20,221
Accounts receivable and other current assets			1,706						8,890
Operating lease right-of-use assets			397						1,237
Property and equipment			—						1,316
Deferred income taxes			2,151						—
Other assets			6						7
Software and technology (weighted average useful life of 3 and 5 years, respectively)			2,600						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)			1,000						6,972
Total identifiable assets acquired excluding goodwill			12,025						131,529
Accruals and other current liabilities			(584)						(4,079)
Deferred revenues			(4,599)						(14,176)
Operating lease liabilities			(397)						(1,237)
Deferred income taxes			—						(5,745)
Total liabilities assumed			(5,580)						(25,237)
Net identifiable assets acquired excluding goodwill			6,445						106,292
Goodwill			17,511						658,806
Net assets acquired			$	23,956					$	765,098

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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.

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-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-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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