XML 47 R38.htm IDEA: XBRL DOCUMENT v3.23.3
Acquisitions - Schedule of Aggregate Purchase Price Allocation to Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 23, 2023
May 11, 2022
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
May 28, 2022
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Goodwill     $ 382,166   $ 382,166   $ 381,920  
Bargain purchase gain     9,864 $ 0 51,804 $ 0    
Giphy, Inc.                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Cash and cash equivalents $ 4,030              
Prepaid expenses and other current assets 1,416              
Right of use asset 1,243              
Intangible assets: 42,500              
Deferred tax asset 1,006              
Other assets 1,647              
Total assets acquired 51,842              
Accounts payable, accrued expenses and other liabilities (4,949)              
Lease liability (1,090)              
Total liabilities assumed (6,039)              
Net assets acquired 45,803              
Net purchase price (6,001)              
Bargain purchase gain 51,804              
Adjustment consideration     9,900          
Giphy, Inc. | Trade name                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Intangible assets: 21,000              
Giphy, Inc. | Developed technology                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Intangible assets: $ 21,500              
Pond5, Inc. and Splash News                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Cash and cash equivalents     11,855   11,855      
Accounts receivable     1,773   1,773      
Other assets     1,627   1,627      
Right of use asset     1,674   1,674      
Intangible assets:     69,063   69,063      
Goodwill     164,522   164,522      
Total assets acquired     250,514   250,514      
Accounts payable, accrued expenses and other liabilities     (10,832)   (10,832)      
Contributor royalties payable     (3,039)   (3,039)      
Deferred revenue     (3,705)   (3,705)      
Deferred tax liability     (6,570)   (6,570)      
Lease liability     (2,038)   (2,038)      
Total liabilities assumed     (26,184)   (26,184)      
Net assets acquired     224,330   224,330      
Pond5, Inc. and Splash News | Customer relationships                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Intangible assets:     34,900   34,900      
Pond5, Inc. and Splash News | Trade name                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Intangible assets:     5,300   5,300      
Pond5, Inc. and Splash News | Developed technology                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Intangible assets:     28,863   $ 28,863      
Pond5, Inc.                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Cash and cash equivalents   $ 11,675            
Accounts receivable   1,273            
Other assets   1,102            
Right of use asset   1,674            
Intangible assets:   67,800            
Goodwill   158,957            
Total assets acquired   242,481            
Accounts payable, accrued expenses and other liabilities   (9,304)            
Contributor royalties payable   (3,039)            
Deferred revenue   (3,705)            
Deferred tax liability   (6,381)            
Lease liability   (2,038)            
Total liabilities assumed   (24,467)            
Net assets acquired   218,014            
Net purchase price   (218,000)            
Change in goodwill     4,000          
Intangible assets adjustment     (4,100)          
Pond5, Inc. | Customer relationships                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Intangible assets:   34,900            
Intangible assets adjustment     (7,000)          
Pond5, Inc. | Trade name                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Intangible assets:   5,300            
Pond5, Inc. | Developed technology                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Intangible assets:   $ 27,600            
Intangible assets adjustment     $ 2,300          
Splash News                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Cash and cash equivalents               $ 180
Accounts receivable               500
Other assets               525
Right of use asset               0
Intangible assets:               1,263
Goodwill               5,565
Total assets acquired               8,033
Accounts payable, accrued expenses and other liabilities               (1,528)
Contributor royalties payable              
Deferred revenue               0
Deferred tax liability               (189)
Lease liability               0
Total liabilities assumed               (1,717)
Net assets acquired               6,316
Splash News | Customer relationships                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Intangible assets:               0
Splash News | Trade name                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Intangible assets:               0
Splash News | Developed technology                
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]                
Intangible assets:               $ 1,263