XML 55 R39.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Business Acquisitions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Allocation of Aggregate Purchase Consideration | The following table summarizes the allocation of the preliminary purchase consideration for all 2022 acquisitions as of December 31, 2022 (in thousands):
Assets and Liabilities | Valuation
Accounts receivable | $ | 7,433 |
Prepaid expenses and other current assets | 4,915 |
Property and equipment | 369 |
Operating lease right-of-use assets, noncurrent | 545 |
Trade names | 12,839 |
Customer relationships | 20,040 |
Goodwill | 95,737 |
Other intangibles | 18,166 |
Other long-term assets | 11 |
Accounts payable and accrued expenses | (6,221) |
Deferred revenue | (21,474) |
Deferred tax liability | (10,140) |
Other long-term liabilities | (516) |
Total | $ | 121,704 |
The following table summarizes the allocation of the purchase consideration for all 2021 acquisitions as of December 31, 2021, including individually material acquisitions noted separately (in thousands):
Assets and Liabilities | Valuation
Accounts receivable | $ | 9,513 |
Prepaid expenses and other current assets | 1,655 |
Property and equipment | 2,188 |
Operating lease right-of-use assets, noncurrent | 5,888 |
Trade names | 16,349 |
Customer relationships | 21,945 |
Goodwill | 97,032
Other intangibles | 38,894 |
Other long-term assets | 62 |
Deferred tax asset | 230 |
Accounts payable and accrued expenses | (5,863) |
Deferred revenue | (9,491) |
Operating lease liabilities, current | (7,191) |
Other current liabilities | (14) |
Deferred tax liability | (9,237) |
Other long-term liabilities | (1,511) |
Total | $ | 160,449 |
The following table summarizes the allocation of the purchase consideration for the SEOmoz acquisition (in thousands):
Assets and Liabilities | Valuation
Accounts receivable | $ | 3,278 |
Prepaid expenses and other current assets | 1,547 |
Property and equipment | 1,845 |
Operating lease right of use asset | 5,888 |
Trade names | 7,406 |
Customer relationships | 5,000 |
Goodwill | 41,329 |
Other intangibles | 22,777 |
Other long-term assets | 62 |
Accounts payables and accrued expenses | (2,655) |
Other current liabilities | (14) |
Deferred revenue | (6,398) |
Operating lease liabilities, current | (7,191) |
Deferred tax liability | (5,327) |
Other long-term liabilities | (550) |
Total | $ | 66,997 |
Supplementary Information on Unaudited Pro Forma Financial Basis | The supplemental information on an unaudited pro forma financial basis presents the combined results of the Company and its 2022 acquisitions as if each acquisition had occurred on January 1, 2021 (in thousands, except per share amounts):
| Year ended December 31,
| 2022 |  | 2021
| (unaudited)
Revenues | $ | 1,407,300 |  |  | $ | 1,461,178 |
Net income from continuing operations | $ | 64,877 |  |  | $ | 398,201 |
Income per common share from continuing operations - Basic | $ | 1.38 |  |  | $ | 8.67 |
Income per common share from continuing operations - Diluted | $ | 1.38 |  |  | $ | 8.31 |
The supplemental information on an unaudited pro forma financial basis presents the combined results of the Company and its 2021 acquisitions as if each acquisition had occurred on January 1, 2021 (in thousands, except per share amounts):
| Year ended
| December 31, 2021 |  |
| (unaudited)
Revenues | $ | 1,482,323 |  |  |
Net income from continuing operations | $ | 416,348 |  |  |
Income per common share from continuing operations - Basic | $ | 9.06 |  |  |
Income per common share from continuing operations - Diluted | $ | 8.69 |  |  |
The supplemental information on an unaudited pro forma financial basis presents the combined results of the Company and SEOmoz as if the acquisition had occurred on January 1, 2021 (in thousands, except per share amounts):
| Year ended
| December 31, 2021 |  |
| (unaudited)
Revenues | $ | 1,438,099 |  |  |
Net income from continuing operations | $ | 406,281 |  |  |
Income per common share from continuing operations - Basic | $ | 8.84 |  |  |
Income per common share from continuing operations - Diluted | $ | 8.48 |  |  |
Contractual Obligation, Fiscal Year Maturity | As of December 31, 2023, future payments associated with contractual obligations for holdback payments in connection with all business acquisitions are as follows (in thousands):
Fiscal Year: |
2024 | $ | 12,483 |
2025 | 212 |
| $ | 12,695 |

X
- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (S-X 210.12-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ContractualObligationFiscalYearMaturityScheduleTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration