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Business Combinations (Tables) | 3 Months Ended
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Mar. 31, 2022
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The table below details the consideration transferred to acquire Depositphotos:
Cash consideration (paid at closing) | $ | 76,119 |
Deferred payment | 8,781 |
Total purchase price | $ | 84,900 |
We recognized the assets and liabilities on the basis of their fair values at the date of the acquisition with any excess of the purchase price paid over the fair value of the net assets recorded as goodwill, which is primarily attributable to the synergies that we expect to achieve through the acquisition. The goodwill balance has been attributed to the Vista reporting unit and none of the goodwill balance is deductible for tax purposes. Additionally, we identified and valued Depositphotos intangible assets, which include its trade name, customer relationships, owned content and developed technology. Our preliminary estimate of the fair value of specifically identifiable assets acquired and liabilities assumed as of the date of acquisition is subject to change upon finalizing our valuation analysis, including certain valuation assumptions and tax matters. The final determination, which is expected to be finalized before the end of fiscal year 2022, may result in changes in the fair value of certain assets and liabilities as compared to our preliminary estimates. The fair value of the assets acquired and liabilities assumed was:
|  | Amount |  | Weighted Average Useful Life in Years
Tangible assets acquired and liabilities assumed: |  |  |  |
Cash and cash equivalents |  | $ | 7,173 |  |  | n/a
Accounts receivable, net |  | 329 |  |  | n/a
Prepaid expenses and other current assets |  | 448 |  |  | n/a
Property, plant and equipment, net |  | 611 |  |  | n/a
Operating lease assets, net |  | 383 |  |  | n/a
Other assets |  | 324 |  |  | n/a
Accounts payable |  | (843) |  |  | n/a
Accrued expenses |  | (5,009) |  |  | n/a
Deferred revenue |  | (10,999) |  |  | n/a
Operating lease liabilities, current |  | (152) |  |  | n/a
Deferred tax liabilities (1) |  | (4,402) |  |  | n/a
Operating lease liabilities, non-current |  | (231) |  |  | n/a
Identifiable intangible assets: |  |  |  |
Customer relationships |  | 11,600 |  |  | 4 years
Trade name |  | 2,500 |  |  | 10 years
Developed technology |  | 2,300 |  |  | 2 years
Owned content |  | 7,700 |  |  | 10 years
Goodwill (1) |  | 73,168 |  |  | n/a
Total purchase price |  | $ | 84,900 |  |  | n/a
_________________ (1) During the third quarter of fiscal year 2022, we recognized a measurement period adjustment resulting in an increase to deferred tax liabilities of $226 and an offsetting increase to goodwill.

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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