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Business Combinations (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Purchase Price Allocation | The following table summarizes the allocation of the purchase price (at fair value), including measurement period adjustments, to the assets acquired and liabilities assumed of Depop as of July 12, 2021 (the date of acquisition) (in thousands):
|  |  |  |  | Final Purchase Price Allocation as Adjusted |  | Estimated Useful Life (in years)
Current assets |  |  |  |  | $ | 4,288 |  |  |
Property and equipment other |  |  |  |  | 1,299 |  |  | 2-5
Developed technology |  |  |  |  | 95,764 |  |  | 5
Trademark |  |  |  |  | 249,820 |  |  | 20
Customer relationships |  |  |  |  | 148,504 |  |  | 13
Goodwill |  |  |  |  | 1,118,855 |  |  | Indefinite
Current liabilities |  |  |  |  | (18,878) |  |  |
Non-current liabilities (1) |  |  |  |  | (27,957) |  |  |
Deferred tax liability, net |  |  |  |  | (78,872) |  |  |
Total purchase price |  |  |  |  | $ | 1,492,823 |  |  |
(1)Non-current liabilities are primarily related to non-income tax related contingency reserves. The following table summarizes the allocation of the purchase price (at fair value), including measurement period adjustments, to the assets acquired and liabilities assumed of Elo7 as of July 2, 2021 (the date of acquisition) (in thousands):
|  |  |  |  | Final Purchase Price Allocation as Adjusted |  |  |  |  |  | Estimated Useful Life (in years)
Current assets |  |  |  |  | $ | 2,721 |  |  |  |  |  |  |
Developed technology |  |  |  |  | 12,084 |  |  |  |  |  |  | 5
Trademark |  |  |  |  | 22,187 |  |  |  |  |  |  | 15
Customer relationships |  |  |  |  | 44,374 |  |  |  |  |  |  | 15
Goodwill |  |  |  |  | 157,187 |  |  |  |  |  |  | Indefinite
Non-current assets |  |  |  |  | 2,412 |  |  |  |  |  |  |
Current liabilities |  |  |  |  | (3,406) |  |  |  |  |  |  |
Non-current liabilities |  |  |  |  | (2,691) |  |  |  |  |  |  |
Deferred tax liability, net |  |  |  |  | (22,727) |  |  |  |  |  |  |
Total purchase price |  |  |  |  | $ | 212,141 |  |  |  |  |  |  |
Schedule of Unaudited Supplemental Pro Forma Information | The following unaudited pro forma summary presents consolidated information of the Company, including Depop and Elo7, as if the business combinations had occurred on January 1, 2020 (in thousands):
| Year Ended December 31, |  |  |  |
| 2021 |  |  |  |
Revenue | $ | 2,373,592 |  |  |  |  |
Net income | 492,732 |  |  |  |  |

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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 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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