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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [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,
| 2024 |  | 2023
Number of acquisitions | 2 |  |  | 2 |
Cash paid at closing | $ | 141,310 |  |  | $ | 23,375 |
Cash acquired | (12,536) |  |  | (265) |
Net cash paid | $ | 128,774 |  |  | $ | 23,110 |
(1)Of the cash paid at closing, $11,000 was held in an escrow account to secure any potential indemnification and other obligations of the seller as of September 30, 2024.
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 During
| Nine Months Ended |  | Year Ended
| September 30, 2024 |  | December 31, 2023
Consideration: |  |  |
Cash paid at closing | $ | 141,310 |  |  | $ | 26,287 |
Deferred, non-contingent consideration, net | — |  |  | 525 |
Other | — |  |  | 15 |
Total consideration | $ | 141,310 |  |  | $ | 26,827 |
Assets acquired and liabilities assumed: |  |  |
Cash | $ | 12,536 |  |  | $ | 264 |
Accounts receivable and other current assets | 5,272 |  |  | 1,742 |
Operating lease right-of-use assets | 103 |  |  | 397 |
Deferred income taxes | — |  |  | 2,151 |
Other assets | 86 |  |  | 6 |
Software and technology (weighted average useful life of 5 and 3 years, respectively) | 7,025 |  |  | 3,077 |
Customer relationships (weighted average useful life of 6 years) | — |  |  | 3,900 |
Trademarks (weighted average useful life of 10 and 5 years, respectively) | 5,100 |  |  | 1,000 |
Total identifiable assets acquired excluding goodwill | 30,122 |  |  | 12,537 |
Accruals and other current liabilities | (2,046) |  |  | (624) |
Deferred revenues | (2,369) |  |  | (4,623) |
Operating lease liabilities | (103) |  |  | (397) |
Deferred income taxes | (509) |  |  | — |
Total liabilities assumed | (5,027) |  |  | (5,644) |
Net identifiable assets acquired excluding goodwill | 25,095 |  |  | 6,893 |
Goodwill | 116,215 |  |  | 19,934 |
Net assets acquired | $ | 141,310 |  |  | $ | 26,827 |

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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 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
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- 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
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