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Business Combination (Tables) | 3 Months Ended
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Mar. 31, 2021
Business Combinations [Abstract] |
Summary of Preliminary Allocation of Purchase Price to Estimated Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary allocation of purchase price to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date (in thousands):
Purchase price | $ | 50,538 |
Recognized amount of identifiable assets acquired and liabilities assumed: |
Cash and cash equivalents | 818 |
Other current assets | 163 |
Deferred tax asset, long-term | 2,714 |
Other assets | 208 |
Accounts payable and other current liabilities | (3,488) |
Intangible assets | 10,400 |
Total identifiable net assets assumed | 10,815 |
Goodwill | 39,723 |
Total purchase price allocation | $ | 50,538 |
Business Acquisition, Pro Forma Information | The unaudited pro forma financial information in the table below summarizes the combined results of our operations and DivvyCloud, on a pro forma basis, as though we had acquired DivvyCloud on January 1, 2019. The unaudited pro forma financial information also includes the effects of business combination accounting resulting from the acquisition, including an adjustment to revenue for the deferred revenue fair value adjustment, amortization expense from acquired intangibles assets, reversal of acquisition-related expenses and the stock-compensation expense recorded to retain certain employees.
|  | Three Months Ended March 31, 2020
|  | (in thousands)
Revenue |  | $ | 97,221 |
Net loss |  | $ | (27,566) |

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