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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2021
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the consideration transferred and the preliminary purchase price allocation of the fair values of the assets acquired and liabilities assumed at the Acquisition Date (in thousands):
Total cash consideration |  | $ | 214,984 |
Total purchase consideration, as allocated below: |  | $ | 214,984 |
Cash and cash equivalents |  | $ | 40,794 |
Accounts receivable and other current assets |  | 88,529 |
Other assets |  | 9,367 |
Fixed assets and capitalized software |  | 40,957 |
Intangible assets: |  |
Client relationships (useful life 3.5 years) |  | 101,839 |
Trademarks (useful life 3.5 years) |  | 24,877 |
Accounts payable |  | (31,163) |
Accrued liabilities |  | (40,713) |
Contract liabilities |  | (27,075) |
Other current liabilities |  | (6,733) |
Deferred tax liabilities |  | (42,121) |
Other liabilities |  | (15,505) |
Total identifiable net assets |  | $ | 143,053 |
Goodwill |  | 71,931 |
Total net assets acquired |  | $ | 214,984 |
Business Acquisition, Pro Forma Information | The pro forma financial information is not necessarily indicative of the consolidated results of operations that would have been realized had the Sensis Acquisition been completed as of January 1, 2020, nor is it meant to be indicative of future results of operations that the combined entity will experience (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Revenue | $ | 321,162 |  |  | $ | 368,598 |  |  | $ | 639,914 |  |  | $ | 727,802 |
Net income | 45,816 |  |  | 24,651 |  |  | 98,231 |  |  | 37,724 |

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- 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 http://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 http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- 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 http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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