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Acquisitions and Dispositions (Tables) | 6 Months Ended
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Jun. 30, 2025
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The preliminary purchase price allocation is as follows:
|  | Amount
|  | (dollars in thousands)
Cash and cash equivalents |  | $ | 2,723 |
Accounts receivable, net |  | 9,354 |
Other current assets |  | 575 |
Right-of-use lease assets |  | 5,911 |
Fixed assets |  | 429 |
Identifiable intangible assets |  | 36,833 |
Other assets |  | 140 |
Accounts payable |  | (2,808) |
Accruals and other liabilities |  | (6,998) |
Advance billings |  | (951) |
Current portion of lease liabilities - operating leases |  | (1,071) |
Long-term lease liabilities - operating leases |  | (5,400) |
Deferred tax liabilities, net |  | (10,500) |
Other liabilities |  | (406) |
Net assets assumed |  | 27,831 |
Goodwill |  | 34,583 |
Purchase price consideration |  | $ | 62,414 |
The preliminary purchase price allocation is as follows:
|  | Amount
|  | (dollars in thousands)
Cash and cash equivalents |  | $ | 2,151 |
Accounts receivable, net |  | 26,845 |
Other current assets |  | 3,094 |
Right-of-use lease assets |  | 2,173 |
Fixed assets |  | 2,032 |
Identifiable intangible assets |  | 57,200 |
Accounts payable |  | (2,078) |
Accruals and other liabilities |  | (9,167) |
Advance billings |  | (5,425) |
Current portion of lease liabilities - operating leases |  | (983) |
Long-term lease liabilities - operating leases |  | (1,065) |
Deferred tax liabilities, net |  | (8,618) |
Net assets assumed |  | 66,159 |
Goodwill |  | 16,687 |
Purchase price consideration |  | $ | 82,846 |
The purchase price allocation is as follows:
| Amount
| (dollars in thousands)
Cash and cash equivalents | $ | 1,095 |
Accounts receivable, net | 8,283 |
Expenditures billable to clients | 4,823 |
Other current assets | 402 |
Right-of-use lease assets | 2,788 |
Fixed assets | 184 |
Identifiable intangible assets | 4,316 |
Accounts payable | (1,086) |
Accruals and other liabilities | (664) |
Advance billings | (8,808) |
Current portion of lease liabilities - operating leases | (516) |
Long-term lease liabilities - operating leases | (2,600) |
Net assets assumed | 8,217 |
Goodwill | 8,452 |
Purchase price consideration | $ | 16,669 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination | The following table presents the details of identifiable intangible assets acquired:
|  | Estimated Fair Value |  | Estimated Useful Life in Years
|  | (dollars in thousands) |  |
Customer relationships |  | $ | 22,083 |  |  | 12
Trade names |  | 5,417 |  |  | 10
Developed Technology |  | 9,333 |  |  | 5
Total acquired intangible assets |  | $ | 36,833 |  |  |
The following table presents the details of identifiable intangible assets acquired:
|  | Estimated Fair Value |  | Estimated Useful Life in Years
|  | (dollars in thousands) |  |
Customer relationships |  | $ | 43,800 |  |  | 7
Trade names |  | 13,400 |  |  | 10
Total acquired intangible assets |  | $ | 57,200 |  |  |
The following table presents the details of identifiable intangible assets acquired:
|  | Estimated Fair Value |  | Estimated Useful Life in Years
|  | (dollars in thousands) |  |
Customer relationships |  | $ | 3,767 |  |  | 3
Trade names |  | 549 |  |  | 3
Total acquired intangible assets |  | $ | 4,316 |  |  |

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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 -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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