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Business Combinations (Tables) | 12 Months Ended
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Jun. 30, 2023
Business Acquisition [Line Items] |
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. 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 |  | (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 |  | 73,168 |  |  | n/a
Total purchase price |  | $ | 84,900 |  |  | n/a
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The table below details the consideration transferred to acquire 99designs:
Cash consideration (paid at closing) | $ | 45,000 |
Fair value of deferred payment | 43,381 |
Final post closing adjustment | 310 |
Total purchase price | $ | 88,691 |
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 a portion of such goodwill balance is deductible for tax purposes. Additionally, we identified and valued 99designs intangible assets, which include their trade name, designer network, and developed technology. 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 |  | $ | 8,603 |  |  | n/a
Accounts receivable, net |  | 494 |  |  | n/a
Prepaid expenses and other current assets |  | 787 |  |  | n/a
Property, plant and equipment, net |  | 73 |  |  | n/a
Other assets |  | 142 |  |  | n/a
Accounts payable |  | (220) |  |  | n/a
Accrued expenses |  | (6,299) |  |  | n/a
Deferred revenue |  | (5,806) |  |  | n/a
Other liabilities |  | (625) |  |  | n/a
Identifiable intangible assets: |  |  |  |
Trade name |  | 1,550 |  |  | 2 years
Developed technology |  | 13,400 |  |  | 3 years
Designer network |  | 5,800 |  |  | 7 years
Goodwill |  | 70,792 |  |  | n/a
Total purchase price |  | $ | 88,691 |  |  | n/a

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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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