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Acquisitions - Summary of Purchase Price Allocation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 08, 2019
Dec. 31, 2019
Business Acquisition [Line Items]    
Goodwill   $ 15,207
Goodwill, Adjustment [1]   $ 655
PistonHeads Holdco Limited    
Business Acquisition [Line Items]    
Intangible assets, Estimated fair value [2] $ 4,466  
Goodwill [3] 15,521  
Deferred tax liabilities, Estimated Fair Value [4] (848)  
Total purchase price, Estimated fair value 19,139  
Goodwill, Adjustment [3] (655)  
Deferred tax liabilities, Adjustment [4] 655  
Intangible assets, Adjusted fair value [2] 4,466  
Goodwill, Adjusted fair value [3] 14,866  
Deferred tax liabilities, Adjusted fair value [4] (193)  
Total purchase price , Adjusted fair value $ 19,139  
[1] The purchase price adjustment corresponds to an adjustment for the deferred tax liability as a result of the Company’s evaluation of income tax treatment, which was recorded during the second quarter of 2019.
[2] Identifiable definite-lived intangible assets were comprised of brand and customer relationships of $3,445 and $1,021, respectively, with estimated useful lives of 11 years and 3 years, respectively, which will be amortized on a straight-line basis over their estimated useful lives.
[3] The goodwill represents the excess value of the purchase price over intangible assets acquired. The goodwill in this transaction is primarily attributable to future customer growth in the U.K. market as a result of acquiring an established platform and applying the Company’s technology to help improve the website experience on such platform; thus, helping to drive additional traffic to the PistonHeads website in the future. All goodwill is assigned to the International segment. The acquisition of PistonHeads was a stock acquisition and as a result, goodwill is not deductible for tax purposes.
[4] The deferred tax liability corresponds to the acquired intangible assets which do not have tax basis. As the Company evaluated its purchasing price accounting, it determined to reduce the deferred tax liability which resulted in an adjustment to goodwill, which was recorded during the second quarter of 2019.