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Acquisitions (Tables) | 3 Months Ended
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Sep. 30, 2024
Best Company |
Asset Acquisition [Line Items] |
Summary of Consideration | The following table summarizes the consideration as of the acquisition date (in thousands):
|  |  | Estimated Fair Value |
Cash |  |  | $ | 2,510 |
Post-closing payments, net of imputed interest of $325 |  |  |  | 3,696 |
Promissory note adjustment |  |  |  | 158 |
Total |  |  | $ | 6,364 |
Summary of Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives |
| Estimated Fair Value |  |  | Estimated Useful Life
Shared assets license | $ | 5,228 |  |  | 10 years
Client relationships |  | 682 |  |  | 8 years
Non-competition agreements |  | 454 |  |  | 3 years
Total | $ | 6,364 |  |  |
AquaVida |
Asset Acquisition [Line Items] |
Summary of Consideration | The following table summarizes the consideration of the acquisition date (in thousands):
|  |  | Estimated Fair Value |
Cash |  |  | $ | 2,000 |
Post-closing payments, net of imputed interest of $535 |  |  |  | 3,465 |
Contingent consideration |  |  |  | 2,100 |
Total |  |  | $ | 7,565 |
Summary of Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives | The following table summarizes the components and preliminary allocation of the purchase price, the fair values and estimated useful lives of the identifiable assets acquired as of the date of the acquisition (in thousands):
| Estimated Fair Value |  |  | Estimated Useful Life
Existing technology | $ | 1,900 |  |  | 5 years
Client relationships |  | 1,200 |  |  | 8 years
Content |  | 50 |  |  | 1 year
Non-competition agreement |  | 500 |  |  | 4 years
Goodwill |  | 3,915 |  |  | Indefinite
Total | $ | 7,565 |  |  |

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