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Business Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
Allocation of Aggregate Purchase Price | The following table summarizes the allocation of the purchase consideration for all 2022 acquisitions as of June 30, 2022 (in thousands):
Assets and Liabilities | Valuation |
Accounts receivable | $ | 6,703 |  |
Prepaid expenses and other current assets | 897 |  |
Property and equipment | 370 |  |
Trade names | 11,902 |  |
Customer relationships | 22,170 |  |
Other intangibles | 16,830 |  |
Goodwill | 81,725 |  |
Other long-term assets | 11 |  |
Accounts payable and accrued expenses | (3,383) |  |
Deferred revenue | (19,274) |  |
Deferred tax liability | (10,485) |  |
Other long-term liabilities | (326) |  |
Total | $ | 107,140 |  |
Pro Forma Financial Information | The supplemental information on an unaudited pro forma financial basis presents the combined results of the Company and its acquisitions during the three and six months ended June 30, 2022 as if each acquisition had occurred on January 1, 2022 (in thousands, except per share amounts):
| Three months ended June 30, 2022 |  | Six months ended June 30, 2022
| (unaudited) |  | (unaudited)
Revenues | $ | 343,275 |  |  | $ | 668,309 |  |  |
Net income | $ | (46,300) |  |  | $ | (21,543) |  |  |
Income per common share - Basic | $ | (0.99) |  |  | $ | (0.46) |  |  |
Income per common share - Diluted | $ | (0.99) |  |  | $ | (0.46) |  |  |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + 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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