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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Summary of Preliminary Purchase Consideration

The following table summarizes the fair value amounts recognized for the assets acquired and liabilities assumed for our 2024 acquisitions (in thousands):


	Valuation
	TDS		CNET (2)
Assets and Liabilities
Cash	$	142,957	$	—
Accounts receivable and other current assets (1)	171,290		16,904
Intangible assets	108,340		100,500
Goodwill (2)	81,248		36,479
Deferred tax asset, noncurrent	—		11,412
Other assets	203		780
Accounts payable and other current liabilities	(290,161)		(11,827)
Deferred tax liability, noncurrent	(25,442)		—

Other noncurrent liabilities	(847)		—
Total	$	187,588	$	154,248

(1)The fair value of the assets acquired includes accounts receivable of $170.7 million (including Settlement receivables, net of $166.8 million) related to TDS and $16.2 million related to CNET.

(2)During the six months ended June 30, 2025, we recorded a measurement period adjustment of $(1.2) million to Customer relationships, $0.7 million to Other purchased intangibles assets, $0.6 million to Accounts receivable and other current assets, with corresponding adjustments to Goodwill.