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Acquisition (Tables) | 9 Months Ended
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Sep. 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 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 identified intangible assets assumed as part of an acquisition | 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 |  |  |  |
(In thousands) |  |  | September 30, 2022 |  |  |  | September 30, 2022 |  |  |  |
Total revenue |  |  | $ | 112,244 |  |  |  |  | $ | 335,485 |  |  |  |  |  |  |
Net income (loss) |  |  | $ | 1,170 |  |  |  |  | $ | (29,228) |  |  |  |  |  |  |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 + 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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