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Business Acquisitions (Tables)

6 Months Ended

Jun. 30, 2022

Business Acquisition [Line Items]

Schedule of Valuation Identified Assets Acquired and Liabilities Assumed

Assets acquired and liabilities assumed as of acquisition date, inclusive of subsequent measurement period adjustments, are presented in the following table:

		HBA Group				edjuster Inc.				Praxis Consulting Inc.				BosBoon Expertise Group B.V.				R.P. van Dijk B.V.
		November 1, 2020				August 23, 2021				October 1, 2021				October 1, 2021				April 1, 2022
		(In thousands)
Tangible assets
Cash and cash equivalents		$	240			$	1,723			$	—			$	—			$	—
Accounts receivable			1,081				1,518				119				469				—
Unbilled revenues			598				1,531				—				597				509
Right-of-use lease assets			1,502				418				430				586				—
Other assets			205				1,520				316				75				231
Total tangible assets			3,626				6,710				865				1,727				740
Intangible assets
Customer relationships			1,574				5,346				20,000				1,384				3,215
Developed technology			—				2,673				1,500				—				—
Non-compete agreements			—				157				225				346				347
Tradenames			—				1,101				2,125				—				—
Goodwill			5,406				12,799				26,195				1,571				1,423
Total intangible assets			6,980				22,076				50,045				3,301				4,985
Total assets acquired			10,606				28,786				50,910				5,028				5,725
Liabilities assumed
Current liabilities			2,532				2,066				4,133				1,430				70
Operating lease liabilities			1,502				418				430				586				—
Tax liabilities			137				2,557				—				378				—
Total liabilities assumed			4,171				5,041				4,563				2,394				70
Net assets acquired		$	6,435			$	23,745			$	46,347			$	2,634			$	5,655
Purchase price (cash)		$	4,026			$	20,875			$	21,544			$	2,066			$	4,313
Deferred purchase consideration payable			—				433				20,735				—				—
Fair value of contingent consideration			2,409				2,437				4,068				568				1,342
Fair value of total consideration transferred		$	6,435			$	23,745			$	46,347			$	2,634			$	5,655

Schedule of Preliminary Fair Values Assigned to Identifiable Intangible Assets

The following table shows the preliminary fair values assigned to identifiable intangible assets:

		Fair Value				Weighted-Average Amortization Period (Years)
		(In thousands)
Amortizable intangible assets
Customer relationships		$	31,519				14
Developed technology			4,173				9
Non-compete agreements			1,075				5
Tradenames			3,226				10
Total amortizable intangible assets		$	39,993

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

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X

- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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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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