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Business Combinations (Tables)

12 Months Ended

Dec. 31, 2022

Business Combinations [Abstract]

Schedule of Fair Value of Assets Acquired and Liabilities Assumed

The preliminary allocated fair value is summarized as follows (in thousands):

		Fair Value
Cash and cash equivalents		$	4,353
Short-term investments			1,832
Accounts receivable			3,186
Operating lease right-of-use asset			3,715
Other assets			5,776
Intangible assets			28,890
Goodwill			42,450
Operating lease liability			(3,622	)
Deferred tax liability			(5,670	)
Other liabilities			(3,765	)
Total consideration			77,145
Deferred consideration related to indemnification holdback			(6,999	)
Cash acquired			(4,353	)
Cash paid for acquisition of business, net of cash acquired		$	65,793

Schedule of Preliminary Fair Values of Identified Intangible Assets Acquired

The following table presents details of the preliminary fair values of identified intangible assets acquired (in thousands, except years):

		Fair Value				Estimated Useful Life
Developed technology		$	24,317			7 years
Customer relationships			4,261			13 years
Trade name / Trademarks			312			2 years
Total		$	28,890

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- References

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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
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472

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