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Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Allocation of Aggregate Purchase Consideration

The following table summarizes the allocation of the purchase consideration, net of cash acquired, for this acquisition (in thousands):

Assets and Liabilities			Valuation
Accounts receivable			$	1,248
Prepaid expenses and other current assets			30
Property and equipment			9
Operating lease right-of-use assets, non-current			413
Trademarks			800
Customer relationships			8,600
Goodwill			5,677
Other intangibles			1,000
Accounts payable and accrued expenses			(295)
Deferred revenue			(4,839)
Operating lease liabilities, non-current			(413)
Total			$	12,230

Supplementary Information on Unaudited Pro Forma Financial Basis

The supplemental information on an unaudited pro forma financial basis presents the combined results of the Company and SRFax as if the acquisition had occurred on January 1, 2020 (in thousands, except per share amounts):

			Year ended
			December 31, 2020
			(unaudited)
Revenues			$	332,431
Net income from continuing operations			$	122,912
EPS - Basic (1)			$	6.18
EPS - Diluted (1)			$	6.18

(1) Basic and Diluted EPS are calculated based on net income from continuing operations attributable to common shareholders.

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

No definition available.

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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472

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