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Acquisition (Tables)
6 Months Ended
Jun. 30, 2023
Business Combinations [Abstract]  
Schedule of recognized identified assets acquired and liabilities assumed
The total consideration from the acquisition was allocated as of the Closing Date, and reflects adjustments made during the measurement period, as follows:
(In thousands)Total
Cash and cash equivalents$209 
Accounts receivable1,088 
Unbilled receivables239 
Prepaid expenses and other current assets16 
Identified intangible assets5,000 
Goodwill12,069 
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:
TotalEstimated Weighted-Average Useful Life
(in thousands)(in years)
Existing technology$4,800 5 years
Customer contracts and contractual relationships200 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 EndedSix Months Ended
(In thousands)June 30, 2022June 30, 2022
Total revenue$122,136 $223,241 
Net income (loss)$34,571 $(30,398)