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Business Combinations (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The preliminary purchase price allocation and measurement period adjustments, which include certain adjustments arising from errors primarily related to the allocation of the purchase price between intangible assets and goodwill, that the Company concluded are immaterial, are as follows:
| June 30, 2021 (as previously reported) |  | Measurement Period Adjustments |  | June 30, 2021 (as adjusted)
Preliminary identifiable assets acquired and liabilities assumed | (In thousands)
Cash and cash equivalents | $ | 16,500 |  |  | $ | — |  |  | $ | 16,500 |
Trade and other receivables | 19,783 |  |  | (5,935) |  |  | 13,848 |
Prepaid expenses and other current assets | 7,703 |  |  | 203 |  |  | 7,906 |
Property and equipment, net | 4,031 |  |  | (2,983) |  |  | 1,048 |
Operating lease right-of-use assets | 3,520 |  |  | — |  |  | 3,520 |
Intangible assets | 194,000 |  |  | (13,000) |  |  | 181,000 |
Restricted cash, non-current | 335 |  |  | — |  |  | 335 |
Accounts payable | (1,165) |  |  | — |  |  | (1,165) |
Accrued compensation | (3,387) |  |  | (105) |  |  | (3,492) |
Other current liabilities | (10,911) |  |  | — |  |  | (10,911) |
Operating lease liabilities, non-current | (1,963) |  |  | — |  |  | (1,963) |
Other long-term liabilities | (45,907) |  |  | 3,504 |  |  | (42,403) |
Net identifiable assets | 182,539 |  |  | (18,316) |  |  | 164,223 |
Redeemable noncontrolling interest | (46,266) |  |  | 12,518 |  |  | (33,748) |
Goodwill | 284,798 |  |  | 2,430 |  |  | 287,228 |
Total purchase consideration | $ | 421,071 |  |  | $ | (3,368) |  |  | $ | 417,703 |
Schedule of Business Acquisitions |
| June 30, 2021 (as previously reported) |  | Measurement Period Adjustments |  | June 30, 2021 (as adjusted)
Fair value of consideration transferred | (In thousands)
Cash consideration | 420,216 |  |  | $ | (3,368) |  |  | $ | 416,848 |
Fair value of replacement share-based payment awards | 855 |  |  | — |  |  | 855 |
Total purchase consideration | 421,071 |  |  | $ | (3,368) |  |  | $ | 417,703 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | The acquired intangible assets consist of the following:
| Fair Value |  | Estimated Useful Life
| (In thousands) |  | (In years)
Customer relationships | $ | 179,000 |  |  | 11
Licenses | 2,000 |  |  | Indefinite
Total intangible assets | $ | 181,000 |  |  |
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class | The acquired intangible assets consist of the following:
| Fair Value |  | Estimated Useful Life
| (In thousands) |  | (In years)
Customer relationships | $ | 179,000 |  |  | 11
Licenses | 2,000 |  |  | Indefinite
Total intangible assets | $ | 181,000 |  |  |
Schedule of Pro Forma Information | The following unaudited pro forma information gives effect to the acquisition of Title365 as if it had been completed on January 1, 2020 (the beginning of the comparable prior reporting period). The pro forma financial information presented below is for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of fiscal year 2020, nor does it attempt to represent the results of future operations of the combined entities under the ownership and operation of the Company. The pro forma results of operations also do not include any cost savings or other synergies that may result from this business combination or any estimated costs that have been or will be incurred by the Company to integrate the acquired assets. These pro forma results are based on estimates and assumptions, and include the business combination accounting effects resulting from the transaction, including the amortization charges from acquired intangible assets, employee retention costs, interest expense associated with the credit facility proceeds, which were utilized to partially fund the payment of the purchase consideration, and other purchase accounting adjustments and the related tax effects as though the Company and Title365 were combined as of the beginning of January 1, 2020.
|  |  | Year Ended December 31,
|  |  |  |  | 2021 |  | 2020 |  |
|  |  |  |  | (In thousands)
Revenues(1) |  |  |  |  | $ | 363,637 |  |  | $ | 293,901 |  |  |
Net loss |  |  |  |  | (180,904) |  |  | (39,177) |  |  |
Net income attributable to redeemable noncontrolling interest |  |  |  |  | 3,276 |  |  | 1,591 |  |  |
Net loss attributable to Blend Labs, Inc. |  |  |  |  | (184,180) |  |  | (40,768) |  |  |
(1) As part of the Company’s evaluation of Title365 accounting policies post-acquisition, Title365 revenue was adjusted to be presented net of insurance premiums paid to the underwriters, in accordance with Principal vs. Agent considerations included in ASC 606, Revenue Recognition.

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of acquired indefinite-lived intangible assets. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. Indefinite-lived assets are assets that are not subject to amortization. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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