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Acquisitions (Tables)

9 Months Ended

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

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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

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