XML 45 R34.htm IDEA: XBRL DOCUMENT v3.23.2

Acquisitions (Tables)

6 Months Ended

Jun. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Shown below is the preliminary purchase price allocation, which summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition:

(in thousands)
Current assets, including cash acquired of $243												$	301
Intangible assets:
In-process research and development						$	4,989
Trade name						3,930
Total intangible assets												8,919
Goodwill												16,425
Other assets												765
Liabilities:
Accounts payable and accrued liabilities						$	364
Deferred tax liability						845
Total liabilities												1,209
Net assets acquired												$	25,201

The table below reflects the fair value of both the consideration transferred and the RNCI attributable to this acquisition:

(in thousands)
Cash paid at acquisition			$	34,098
Deferred cash consideration			3,628
Estimated fair value of RNCI			1,559
Post-closing net working capital adjustment			149
Total fair value of consideration transferred			$	39,434

Shown below is the final purchase price allocation, summarizing the fair values of the assets acquired and liabilities assumed at the date of acquisition:

(in thousands)
Current assets, including cash acquired of $125												$	1,407
Intangible assets:
Product technology						$	20,770
Trade name						5,802
Total intangible assets												26,572
Goodwill												17,618
Other assets												705
Liabilities:
Accounts payable and accrued liabilities						$	332
Deferred revenue						70
Deferred tax liability						6,466
Total liabilities												6,868
Net assets acquired												$	39,434

Shown below is the final purchase price allocation, summarizing the fair values of the assets acquired and liabilities assumed, as determined at the date of acquisition in accordance with valuation methodologies described in ASC 820:

(in thousands)
Current assets												$	661
Intangible assets:
Product technology						$	15,940
Trade name						5,580
Total intangible assets												21,520
Goodwill												17,430
Other assets												68
Liabilities:
Accounts payable and accrued liabilities						$	229
Deferred revenue						410
Total liabilities												639
Net assets acquired												$	39,040

X

- References

No definition available.

+ Details

Name:	us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479907/805-20-50-1

+ Details

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration