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Bid4Assets Acquisition (Tables)

3 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of business acquisitions, by acquisition

The Company's preliminary allocation of the purchase price to the assets acquired and liabilities assumed as of the Bid4Assets acquisition date of November 1, 2021, is as follows:

(in thousands)						Fair Value
Cash and cash equivalents						$	3,576
Intangible assets						16,500
Other assets						368
Total assets acquired						20,443
Payables to sellers						3,701
Operating lease liabilities						204
Deferred tax liabilities						3,724
Total liabilities assumed						7,629
Net identifiable assets acquired						$	12,815
Goodwill						28,825
Total consideration transferred						$	41,639

Finite-lived and indefinite-lived intangible assets acquired as part of business combination

The known intangible assets acquired were determined to consist of, and preliminarily fair valued at, the following:

(in thousands)						Useful Life (in years)						Fair Value
Contract intangibles						8						$	13,900
Developed software						3						2,200
Trade name						3						400
Total identifiable intangible assets												$	16,500

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- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

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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.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
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