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BUSINESS COMBINATIONS (Tables) | 12 Months Ended
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Dec. 31, 2022
LCR-Dixon |
Business combinations |
Schedule of purchase price | ​
​ | ​ | ​ | ​
​ | ​ | As of Acquisition Date
Cash consideration | ​ | $ | 60,038
Fair value of deferred purchase consideration | ​ | ​ | 39,024
Total | ​ | $ | 99,062
​
Schedule of purchase price to assets acquired and liabilities assumed | ​
​ | ​ | ​ | ​
​ | ​ | As of Acquisition Date
Cash and cash equivalents | ​ | $ | 1,899
Accounts receivable | ​ | ​ | 1,586
Prepaid expenses and other current assets | ​ | ​ | 150
Property and equipment | ​ | ​ | 4
Capitalized software | ​ | ​ | 7,700
Goodwill | ​ | ​ | 86,639
Other intangibles | ​ | ​ | 6,500
Accounts payable | ​ | ​ | (19)
Accrued expenses | ​ | ​ | (202)
Accrued compensation | ​ | ​ | (1,746)
Deferred income tax liability | ​ | ​ | (3,630)
Deferred revenue | ​ | ​ | (71)
Total | ​ | $ | 98,810
​
Schedule of acquired intangible assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | September 22, 2021
LCR-Dixon Identifiable Intangibles | ​ | Balance Sheet Location | ​ | ​ | Fair Value | ​ | Valuation Methodology | ​ | Estimated Useful Life | ​ | Discount Rate | ​
Trade name | ​ | Goodwill and other intangible assets (Note 9) | ​ | $ | 200 | ​ | Relief from royalty method - income approach | ​ | 6 months | ​ | 20.0 | %
Customer relationships | ​ | Goodwill and other intangible assets (Note 9) | ​ | $ | 6,300 | ​ | Excess earnings method - income approach | ​ | 3 years | ​ | 20.0 | %
Developed technology | ​ | Property and equipment, net (Note 6) | ​ | $ | 7,700 | ​ | Relief from royalty method - income approach | ​ | 3 years | ​ | 20.0 | %
​
Taxamo |
Business combinations |
Schedule of purchase price | ​
​ | ​ | ​ | ​
​ | ​ | May 12, 2021
Cash paid at closing | ​ | $ | 190,153
Fair value of acquisition holdback | ​ |  | 502
Fair value of the Option | ​ | ​ | 10,034
Total | ​ | $ | 200,689
​
Schedule of purchase price to assets acquired and liabilities assumed | ​
​ | ​ | ​ | ​
​ | ​ | May 12, 2021
Cash and cash equivalents | ​ | $ | 2,441
Funds held for customers | ​ | ​ | 221
Accounts receivable | ​ | ​ | 2,657
Prepaid expenses and other current assets | ​ | ​ | 908
Property and equipment | ​ |  | 40,792
Goodwill | ​ | ​ | 164,199
Other intangibles | ​ | ​ | 1,581
Accounts payable | ​ | ​ | (304)
Accrued expenses | ​ | ​ | (1,395)
Accrued compensation | ​ | ​ | (3,939)
Deferred revenue | ​ | ​ | (2,196)
Deferred other income | ​ | ​ | —
Deferred other liabilities | ​ | ​ | (4,276)
Total | ​ | $ | 200,689
​
Schedule of acquired intangible assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | May 12, 2021
Taxamo Identifiable Intangibles | ​ | Balance Sheet Location | ​ | ​ | Fair Value | ​ | Valuation Methodology | ​ | Estimated Useful Life | ​ | Discount Rate | ​
Developed technology | ​ | Property and equipment, net (Note 6) | ​ | $ | 40,746 | ​ | Multi-period excess earnings method - income approach | ​ | 3 years | ​ | 16.5 | %
Trade name | ​ | Goodwill and other intangible assets (Note 9) | ​ | $ | 608 | ​ | Relief from royalty method - income approach | ​ | 2 years | ​ | 16.5 | %
Customer relationships | ​ | Goodwill and other intangible assets (Note 9) | ​ | $ | 973 | ​ | Distributor method - income approach | ​ | 2 years | ​ | 16.5 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
Tellutax |
Business combinations |
Schedule of purchase price | ​
​ | ​ | ​ | ​
​ | ​ | January 25, 2021
Capitalized software - developed technology | ​ | $ | 3,600
Goodwill | ​ |  | 4,700
Total | ​ | $ | 8,300
​
Systax |
Business combinations |
Schedule of purchase price | ​
​ | ​ | ​ | ​
​ | ​ | January 7, 2020
Cash paid to Systax Quotaholders at closing | ​ | $ | 11,626
Cash held in escrow for benefit of Systax Quotaholders | ​ |  | 748
Initial cash consideration | ​ | ​ | 12,374
Purchase Commitment Liability | ​ |  | 12,592
Total | ​ | $ | 24,966
​
Schedule of purchase price to assets acquired and liabilities assumed | ​
​ | ​ | ​ | ​
​ | ​ | January 7, 2020
Cash | ​ | $ | 56
Accounts receivable | ​ | ​ | 495
Property and equipment | ​ |  | 112
Other current assets | ​ |  | 14
Goodwill | ​ |  | 21,089
Other intangible assets | ​ | ​ | 3,650
Accounts payable | ​ |  | (358)
Accrued expenses | ​ | ​ | (92)
Total | ​ | $ | 24,966
​

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