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BUSINESS ACQUISITIONS (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Combinations [Abstract] |
Schedule of contingent considerations | Changes in the fair value of contingent consideration is summarized as follows (in thousands):
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
QuoteWizard | $ | 3,980 |  |  | $ | 27,103 |  |  | $ | 6,833 |
Ovation | 1,270 |  |  | 26 |  |  | 1,654 |
SnapCap | 77 |  |  | 2,220 |  |  | (330) |
DepositAccounts | — |  |  | (947) |  |  | 1,979 |
CompareCards | — |  |  | — |  |  | 652 |
Total changes in fair value of contingent consideration | $ | 5,327 |  |  | $ | 28,402 |  |  | $ | 10,788 |
Schedule of assets acquired and liabilities assumed in a business acquisition | In 2019, the Company completed the determination of the final allocation of purchase price to the assets acquired and liabilities assumed as follows (in thousands):
| Fair Value
Net working capital | $ | 2,502 |
Fixed assets | 68 |
Intangible assets | 31,600 |
Goodwill | 71,739 |
Net noncurrent assets | 323 |
Total purchase price | $ | 106,232 |
In 2019, the Company completed the determination of the final allocation of purchase price to the assets acquired and liabilities assumed as follows (in thousands):
| Fair Value
Net working capital | $ | 8,521 |
Fixed assets | 1,509 |
Intangible assets | 120,400 |
Goodwill | 182,896 |
Other noncurrent assets | 29 |
Total purchase price | $ | 313,355 |
During 2018, the Company completed the determination of the final allocation of purchase price to the assets acquired and liabilities assumed as follows (in thousands):
| Fair Value
Net working capital | $ | 5,429 |
Intangible assets | 19,600 |
Goodwill | 40,856 |
Deferred tax liabilities | (5,467) |
Total purchase price | $ | 60,418 |
In 2019, the Company completed the determination of the final allocation of purchase price to the assets acquired and liabilities assumed as follows (in thousands):
| Fair Value
Net working capital | $ | 303 |
Fixed assets | 76 |
Intangible assets | 8,900 |
Goodwill | 11,280 |
Net deferred tax liabilities | (2,688) |
Total purchase price | $ | 17,871 |
Schedule of definite-lived intangible assets acquired in a business acquisition | The fair value of the intangible assets with definite lives is as follows (dollars in thousands):
| Fair Value | Weighted Average Amortization Life
Technology | $ | 4,200 |  | 3 years
Content | 26,100 |  | 3 years
Trademarks and tradenames | 1,300 |  | 5 years
Total intangible assets | $ | 31,600 |  | 3.1 years
(dollars in thousands):
| Fair Value | Weighted Average Amortization Life
Technology | $ | 68,900 |  | 4 years
Customer lists | 42,700 |  | 14.7 years
Content | 1,000 |  | 3 years
Trademarks and tradenames | 7,800 |  | 5 years
Total intangible assets | $ | 120,400 |  | 7.9 years
The fair value of the intangible assets with definite lives is as follows (dollars in thousands):
| Fair Value | Weighted Average Amortization Life
Content | $ | 16,100 |  | 3 years
Customer lists | 2,500 |  | 10 years
Trademarks and tradenames | 1,000 |  | 5 years
Total intangible assets | $ | 19,600 |  | 4.0 years
(dollars in thousands):
| Fair Value | Weighted Average Amortization Life
Technology | $ | 6,000 |  | 7 years
Customer lists | 1,900 |  | 1 year
Trademarks and tradenames | 1,000 |  | 4 years
Total intangible assets | $ | 8,900 |  | 5.4 years
Unaudited pro forma revenue and net income from continuing operations of business acquisition |
| 2018 |
| (in thousands)
Pro forma revenue | $ | 900,978 |  |
Pro forma net income from continuing operations | $ | 110,015 |  |
| 2019 | 2018 |
| (in thousands)
Pro forma revenue | $ | 1,107,118 |  | $ | 934,209 |  |
Pro forma net income from continuing operations | $ | 39,173 |  | $ | 104,153 |  |

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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + 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 -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 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=116869197&loc=d3e4845-128472 + Details
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