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Business Acquisition (Tables) | 6 Months Ended
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Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of fair value of assets acquired and liabilities assumed | The preliminary purchase price allocation based on the applicable exchange rate at the date of acquisition is as follows:
| Assets/Liabilities (at fair value)
( In thousands) |
Cash and cash equivalents | $ | 37,147 |
Restricted cash | 2,166 |
Accounts receivable, net | 9,989 |
Prepaid expenses and other assets | 5,975 |
Property and equipment, net | 3,618 |
Operating lease right-of-use asset | 3,191 |
Goodwill | 341,801 |
Equity securities, at fair value | 9,035 |
Long-term deferred tax asset | 28,758 |
Other intangible assets, net | 289,540 |
Other long-term assets | 5,455 |
Total assets acquired | $ | 736,675 |
Accounts payable | 13,241 |
Accrued liabilities | 40,775 |
Operating lease liability | 4,114 |
Current portion of long-term debt | 11,400 |
Long-term debt | 57,492 |
Contract liability | 7,356 |
Deferred tax liability | 76,150 |
Other long-term liabilities | 15,134 |
Total liabilities assumed | $ | 225,662 |
Redeemable noncontrolling interests | 39,340 |
Additional paid-in capital | 471,673 |
Total liabilities and equity | $ | 736,675 |
Schedule of intangible assets acquired and weighted average amortization period | The following table details the major groups of intangible assets acquired and the weighted average amortization period for these assets:
|  | Amount | Weighted-average life
(Dollar amounts in thousands) |  |  |
Customer relationships |  | $ | 155,876 |  | 18
Trademark |  | 47,688 |  | 10
Software packages |  | 85,976 |  | 10
Total |  | $ | 289,540 |  | 14

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + 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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