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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table presents management's purchase price allocation:
(in thousands) | Purchase price allocation
Cash | $ | 22,714 |
Accounts receivable | 10,214 |
Property and equipment | 592 |
Lease right-of-use assets | 2,473 |
Developed technology | 84,600 |
Customer relationships | 7,500 |
Trade name | 5,800 |
Indemnification assets | 2,224 |
Prepaid and other acquired assets | 2,764 |
Goodwill | 416,092 |
Total assets | $ | 554,973 |
Accounts payable and accrued expenses | 15,827 |
Deferred revenue | 11,125 |
Loan payables | 3,508 |
Lease liabilities | 2,787 |
Indemnification liabilities | 2,224 |
Deferred taxes | 11,794 |
Consideration paid | $ | 507,708 |
The fair values assigned to the assets acquired and liabilities assumed in the Drive-Thru Acquisition and the Restaurant Magic Acquisition and presented in the table below were based on management's best estimates and assumptions at the conclusion of the measurement period for each respective transaction:
(in thousands) | Purchase Price Allocation
| Drive-Thru |  | Restaurant Magic |  | Total
Developed technology | $ | 1,200 |  |  | $ | 16,400 |  |  | $ | 17,600 |
Customer relationships | 3,600 |  |  | 1,100 |  |  | 4,700 |
Trade name | — |  |  | 900 |  |  | 900 |
Trademark | 510 |  |  | — |  |  | 510 |
Tangible assets | — |  |  | 1,344 |  |  | 1,344 |
Goodwill | 2,390 |  |  | 27,773 |  |  | 30,163 |
Property, plant, and equipment - net | 712 |  |  | — |  |  | 712 |
Total assets | 8,412 |  |  | 47,517 |  |  | 55,929 |
Accounts payable and accrued expenses | — |  |  | 629 |  |  | 629 |
Warranty liability | 1,412 |  |  | — |  |  | 1,412 |
Deferred revenue | — |  |  | 715 |  |  | 715 |
Earn-Out liability | — |  |  | 3,340 |  |  | 3,340 |
Consideration paid | $ | 7,000 |  |  | $ | 42,833 |  |  | $ | 49,833 |
Schedule of Pro Forma Financial Information | The following table summarizes the Company's unaudited pro forma operating results:
|  | Year Ended December 31,
(in thousands) |  | 2021 |  | 2020
Total revenue |  | $ | 291,596 |  |  | $ | 241,015 |
Net loss |  | (79,079) |  |  | (49,370) |
The following table summarizes the Company's unaudited pro forma operating results had the Restaurant Magic Acquisition and the Drive-Thru Acquisition each been consummated at January 1, 2019.
(in thousands) |  | Year Ended December 31, 2019
Total revenue |  | $ | 208,802 |

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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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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