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Business Acquisitions (Tables)

6 Months Ended

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)

X

- 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

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- References

No definition available.

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X

- 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

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