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Acquisitions (Tables)

9 Months Ended

11 Months Ended

Sep. 30, 2021

Dec. 31, 2020

Summary of Business Acquisition Pro Forma Results

The pro forma results are not necessarily indicative of the results of operations that actually would have been achieved had the Silver Lake Transaction been consummated as of January 1, 2020.

(in thousands)		Three Months Ended September 30, 2020				Nine Months Ended September 30, 2020
Revenue		$	136,778			$	352,610
Net income (loss)		$	535			$	(41,409	)

This pro forma presentation does not include any impact of transaction synergies. The pro forma results are not necessarily indicative of the results of operations that actually would have been achieved had the Silver Lake Transaction been consummated as of January 1, 2019.

		Years ended December 31,
(in thousands)		2019 (Unaudited)				2020 (Unaudited)
Revenue		$	481,767			$	509,154
Net (loss)		$	(56,549	)		$	(43,627	)

Silver Lake Transaction [Member]

Summary of Consideration Paid and Amounts Recognized for Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid and the amounts recognized for the assets acquired and liabilities assumed (in thousands):

Consideration
Cash, net of cash acquired		$	1,556,810
Rollover management equity interests			19,148
Total fair value of consideration transferred		$	1,575,958
Current assets		$	145,277
Property and equipment, including software developed for internal use			236,775
Trade name			95,000
Customer lists			500,000
Deferred tax asset			106,327
Other assets			1,429
Current liabilities			(71,496	)
Deferred tax liability			(198,535	)
Other liabilities			(6,616	)
Total identifiable net assets		$	808,161
Goodwill		$	767,797

The following table summarizes the consideration paid and the amounts recognized for the assets acquired and liabilities assumed (in thousands):

Consideration
Cash, net of cash acquired		$	1,556,810
Rollover management equity interests			19,148
Total fair value of consideration transferred		$	1,575,958
Current assets		$	145,277
Property and equipment, including software developed for internal use			236,775
Trade name			95,000
Customer lists			500,000
Deferred tax asset			106,327
Other assets			1,429
Current liabilities			(71,496	)
Deferred tax liability			(198,535	)
Other liabilities			(6,616	)
Total identifiable net assets		$	808,161
Goodwill		$	767,797

March 2021 U K Acquisition [Member]

Summary of Consideration Paid and Amounts Recognized for Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid and the amounts recognized for the assets acquired and liability assumed (in thousands):

Consideration
Cash		$	7,588
Property and equipment, including software developed for internal use		$	1,543
Customer lists			2,951
Deferred tax liability			(26	)
Total identifiable net assets		$	4,468
Goodwill		$	3,120

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
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+ References

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-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
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