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Acquisitions and Dispositions (Tables) | 9 Months Ended
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Sep. 30, 2023
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The purchase price allocation is as follows:
|  | Amount
|  | (dollars in thousands)
Cash and cash equivalents |  | $ | 2,766 |
Accounts receivable |  | 10,147 |
Other current assets |  | 671 |
Fixed assets |  | 1,587 |
Identifiable intangible assets |  | 12,740 |
Other assets |  | 1,583 |
Accounts payable |  | (4,771) |
Accruals and other liabilities |  | (6,880) |
Advance billings |  | (1,159) |
Other liabilities |  | (3,642) |
Net assets assumed |  | 13,042 |
Goodwill |  | 24,643 |
Purchase price consideration |  | $ | 37,685 |
The purchase price allocation is as follows:
|  | Amount
|  | (dollars in thousands)
Accounts receivable |  | $ | 582 |
Other current assets |  | 669 |
Identifiable intangible assets |  | 13,200 |
Accounts payable |  | (379) |
Other liabilities |  | (270) |
Noncontrolling interests |  | (2,667) |
Net assets assumed |  | 11,135 |
Goodwill |  | 6,569 |
Purchase price consideration |  | $ | 17,704 |
The purchase price allocation is as follows:
|  | Amount
|  | (dollars in thousands)
Cash and cash equivalents |  | $ | 1,033 |
Accounts receivable |  | 7,374 |
Other current assets |  | 899 |
Fixed assets |  | 157 |
Identifiable intangible assets |  | 14,300 |
Other assets |  | 1,920 |
Accounts payable |  | (4,087) |
Accruals and other liabilities |  | (9,154) |
Advance billings |  | (6,462) |
Deferred tax liability |  | (3,328) |
Other liabilities |  | (2,891) |
Net assets assumed |  | (239) |
Goodwill |  | 26,033 |
Purchase price consideration |  | $ | 25,794 |
The purchase price allocation is as follows:
|  | Amount
|  | (dollars in thousands)
Cash and cash equivalents |  | $ | 1,606 |
Accounts receivable |  | 1,180 |
Other current assets |  | 100 |
Identifiable intangible assets |  | 1,055 |
Other assets |  | 46 |
Current liabilities |  | (278) |
Net assets assumed |  | 3,709 |
Goodwill |  | 2,451 |
Purchase price consideration including fair value of previously owned interest |  | $ | 6,160 |
The purchase price allocation is as follows:
|  | Amount
|  | (dollars in thousands)
Accounts receivable |  | $ | 901 |
Other current assets |  | 45 |
Identifiable intangible assets |  | 7,300 |
Accounts payable |  | (148) |
Other current liabilities |  | (650) |
Net assets assumed |  | 7,448 |
Goodwill |  | 4,416 |
Purchase price consideration |  | $ | 11,864 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination | The following table presents the details of identifiable intangible assets acquired:
|  | Fair Value |  | Estimated Useful Life in Years
|  | (dollars in thousands)
Customer relationships |  | $ | 6,150 |  |  | 10
Trade names |  | 5,500 |  |  | 10
Developed technology |  | 1,090 |  |  | 7
Total acquired intangible assets |  | $ | 12,740 |  |  |
The following table presents the details of identifiable intangible assets acquired:
|  | Fair Value |  | Estimated Useful Life in Years
|  | (dollars in thousands)
Customer relationships |  | $ | 11,400 |  |  | 10
Trade names |  | 1,800 |  |  | 10
Total acquired intangible assets |  | $ | 13,200 |  |  |
The following table presents the details of identifiable intangible assets acquired:
|  | Fair Value |  | Estimated Useful Life in Years
|  | (dollars in thousands)
Customer relationships |  | $ | 4,900 |  |  | 10
Trade names |  | 4,000 |  |  | 10
Developed technology |  | 5,400 |  |  | 2-7
Total acquired intangible assets |  | $ | 14,300 |  |  |
Business Acquisition, Pro Forma Information | The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisition been consummated as of that time.
|  |  |  | Nine Months Ended September 30, 2022
|  |  | (dollars in thousands)
Revenue |  |  |  | $ | 1,989,833 |
Net income |  |  |  | $ | 92,670 |
The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisition been consummated as of that time.
|  |  |  | Nine Months Ended September 30, 2022
|  |  |  | (dollars in thousands)
Revenue |  |  |  | $ | 1,983,437 |
Net income |  |  |  | $ | 94,768 |
The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisition been consummated as of that time.
|  | Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022
|  | (dollars in thousands)
Revenue |  | $ | 672,435 |  |  | $ | 2,009,482 |
Net income |  | $ | 30,113 |  |  | $ | 79,414 |
The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisition been consummated as of that time.
|  | Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022
|  | (dollars in thousands)
Revenue |  | $ | 665,615 |  |  | $ | 1,988,548 |
Net income |  | $ | 35,114 |  |  | $ | 94,769 |
The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisition been consummated as of that time.
|  | Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022
|  | (dollars in thousands)
Revenue |  | $ | 664,882 |  |  | $ | 1,982,784 |
Net income |  | $ | 35,147 |  |  | $ | 93,023 |

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