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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2023
Business Combinations [Abstract] |
Summary of Purchase Price Allocation for Acquired Identifiable Assets, Liabilities Assumed and Goodwill | The following table shows the purchase price allocation for Sequence to the acquired identifiable assets, liabilities assumed and goodwill:
Total consideration: |  |  |  |  |
Cash paid at closing |  | $ | 64,217 |  |  |
Cash to be paid on April 10, 2024 |  |  | 16,000 |  |  |
Cash to be paid on April 10, 2025 (1) |  |  | 12,420 |  |  |
Total cash payments |  |  |  | $ | 92,637 |
Less stock-based compensation expense attributable to post combination vesting |  |  |  |  | (3,882 | )
Common shares issued |  |  | 7,996 |  |  |
Stock price as of April 10, 2023 (2) |  | $ | 4.12 |  |  |
Total stock issuance purchase price (2) |  |  |  |  | 32,943 |
Aggregated merger consideration |  |  |  | $ | 121,698 |
Assets acquired: |  |  |  |  |
Cash |  | $ | 25,776 |  |  |
Prepaid expenses and other current assets |  |  | 2,220 |  |  |
Property, plant and equipment |  |  | 34 |  |  |
Intangible assets |  |  | 7,768 |  |  |
Total assets acquired |  |  |  |  | 35,798 |
Liabilities assumed: |  |  |  |  |
Accounts payable |  | $ | 70 |  |  |
Accrued liabilities |  |  | 14 |  |  |
Deferred revenue |  |  | 1,300 |  |  |
Deferred tax liability |  |  | 1,906 |  |  |
Total liabilities assumed |  |  |  |  | 3,290 |
Net assets acquired |  |  |  |  | 32,508 |
Total goodwill |  |  |  | $ | 89,190 |
(1) Reflects $16,000 of cash payable on April 10, 2025 as Merger Consideration discounted using the Company's weighted average cost of debt. (2) Represents the fair value of the shares transferred to the sellers, based on the number of shares to be issued, 7,996, multiplied by the closing price of the Company's ordinary shares on April 10, 2023 of $4.12 per share.

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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 -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
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