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Acquisitions and Divestitures (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combinations [Abstract] |
Summary of Preliminary Purchase Price Allocation | he final purchase price allocation is summarized as follows:
Contract receivables | $ | 12,699 |
Contract assets |  | 6,071 |
Customer-related intangibles |  | 62,967 |
Trade names and trademarks |  | 1,120 |
Other current and non-current assets |  | 407 |
Accrued salaries and benefits |  | (3,998 | )
Accrued expenses and other liabilities |  | (6,244 | )
Deferred tax liability |  | (16,701 | )
Net assets acquired |  | 56,321 |
Goodwill |  | 159,677 |
Purchase consideration | $ | 215,998 |
Schedule of Unaudited Condensed Pro Forma Financial Information | The following unaudited condensed pro forma information presents combined financial information as if the acquisition of SemanticBits had been effective at January 1, 2021, the beginning of the 2021 fiscal year. As a result, fiscal year 2022 represents the pro forma results for year two of the acquisition. The pro forma information includes alignment of SemanticBits’ revenue recognition policy, corrections of employee-related expenses, and adjustments reflecting changes in the amortization of intangibles, acquisition-related costs, interest expense, and records income tax effects as if SemanticBits had been included in the Company’s results of operations. The pro forma information is not intended to reflect the actual combined results of operations that would have occurred if the acquisition was completed on January 1, 2021, nor is it indicative of future operating results after the acquisition date of July 13, 2022.
| (Unaudited) |
| Year Ended |
(in thousands) | 2022 |  |  | 2021 |
Revenue | $ | 1,856,399 |  |  | $ | 1,667,425 |
Net income |  | 75,999 |  |  |  | 63,752 |

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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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