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Acquisition (Tables)

9 Months Ended

Sep. 30, 2022

Business Combinations [Abstract]

Schedule of recognized identified assets acquired and liabilities assumed

The total consideration from the acquisition was preliminarily allocated as follows:

(In thousands)						Total
Cash and cash equivalents						$	209
Accounts receivable						1,088
Unbilled receivables						239
Prepaid expenses and other current assets						16
Identified intangible assets						5,000
Goodwill						12,069
Accounts payable						(55)
Deferred revenue						(578)
Income taxes payable						(466)
Deferred tax liability						(1,325)
Other current liabilities						(56)
Total						$	16,141

Schedule of finite-lived intangible assets acquired as part of business combination

The identified intangible assets assumed in the acquisition of Hardent were recognized as follows based upon their estimated fair values as of the acquisition date:

			Total						Estimated Weighted-Average Useful Life
			(in thousands)						(in years)
Existing technology			$	4,800					5 years
Customer contracts and contractual relationships			200						2 years
Total			$	5,000

Business acquisition, pro forma information

Additionally, the pro forma financial results do not include any anticipated synergies or other expected benefits from the acquisition:

						Three Months Ended												Nine Months Ended
						September 30,												September 30,
(In thousands)						2022						2021						2022						2021
Total revenue						$	112,244					$	83,057					$	335,485					$	242,354
Net income (loss)						$	1,170					$	4,355					$	(29,228)					$	12,633

X

- Definition

Tabular disclosure of the nature and amount of any material, nonrecurring adjustments directly attributable to the business combination(s) included in the reported pro forma revenue and earnings (supplemental pro forma information).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(4)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
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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

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-SubTopic 20
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