XML 50 R31.htm IDEA: XBRL DOCUMENT v3.25.0.1
Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Business Acquisition, Pro Forma Information
The following unaudited pro forma combined financial information assumes that the acquisition of Chemaxon occurred on January 1, 2023.
For the year ended December 31
20242023
(In thousands)
Revenue$401,710 $376,775 
Net loss$(21,984)$(64,108)
Schedule of Business Acquisitions, by Acquisition
The following table summarizes the fair value of the consideration paid as well as the fair values of the assets acquired and liabilities assumed as of the date of the acquisition:
Fair value of consideration:Chemaxon
Cash paid to sellers $87,401 
Cash paid to escrow9,000 
Total consideration$96,401 
Assets acquired and liabilities assumed:
Cash and cash equivalents$4,543 
Intangible assets50,230 
Goodwill46,483 
All other assets6,633 
Deferred revenue (4,051)
Deferred income taxes(3,788)
All other liabilities(3,649)
Net assets acquired$96,401 

•All other assets includes accounts receivable, prepaid expense, operating right of use assets, etc.; All other liabilities include accounts payable, operating lease liabilities, accrued expense.
In connection with these transactions, the company recorded the following Intangible Assets.
Intangible assets(in thousands)
Trademarks$2,900 
Non-compete agreement330 
Customer relationships11,000 
Developed technology36,000 
Total$50,230