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Business Combinations (Tables)

3 Months Ended

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.

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