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Business Combinations (Tables) | 3 Months Ended
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Mar. 31, 2024
D2C Acquisition |
Business Acquisition [Line Items] |
Acquisition Purchase Price Allocation | The preliminary D2C Acquisition purchase price allocation is as follows (in thousands):
|  | Preliminary Acquisition-date Fair Value |
Cash consideration |  | $ | 79,841 |
Cash and cash equivalents |  | $ | 3,673 |
Accounts receivable |  |  | 4,640 |
Other assets acquired (1) |  |  | 1,378 |
Identified intangible assets (2) |  |  | 38,967 |
Total assets acquired |  |  | 48,658 |
Accounts payable and accrued liabilities |  |  | (1,698 | )
Other liabilities assumed (3) |  |  | (815 | )
Deferred tax liabilities, net |  |  | (8,558 | )
Total liabilities assumed |  |  | (11,071 | )
Net identifiable assets |  |  | 37,587 |
Goodwill |  |  | 42,254 |
Total purchase consideration |  | $ | 79,841 |
(1) Other assets acquired primarily consists of property and equipment, operating lease right of use assets and other prepaid expenses. (2) Preliminary information regarding the identifiable intangible assets acquired is as follows:
|  | Preliminary Acquisition-Date Fair Value (in thousands) |  |  | Amortization Period (in years)
Customer relationships |  | $ | 29,153 |  |  | 14
Acquired software |  |  | 9,092 |  |  | 5
Trade name |  |  | 722 |  |  | 5
Total |  | $ | 38,967 |  |  |
(3) Other liabilities assumed primarily consists of operating lease right of use liabilities and income taxes payable.
D2C Media |
Business Acquisition [Line Items] |
Acquisition Purchase Price Allocation | A reconciliation of cash consideration to Payment for acquisitions, net of cash acquired related to the D2C Acquisition in the Consolidated Statements of Cash Flows as of December 31, 2023 is as follows (in thousands):
Cash consideration |  | $ | 79,841 |
Less: Cash acquired |  |  | (3,673 | )
Total payment for D2C Media, net |  | $ | 76,168 |

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