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Acquisitions | 12 Months Ended
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Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Acquisitions | Acquisitions CompuGain On December 14, 2021, the company acquired 100% of CompuGain LLC (CompuGain), a leading cloud solutions provider, for a purchase price consideration of $85.3 million on a cash-free, debt-free basis. The company funded the cash consideration and acquisition-related costs with cash on hand. The acquisition enhanced the company’s delivery of rapid and agile cloud migration, application modernization and data value realization to our clients. The fair values of the total net assets acquired was as follows:
Receivables |  | $ | 7.8 |
Prepaid expenses and other current assets |  | 0.7 |
Properties and other long-term assets |  | 0.2 |
Operating lease right-of-use assets |  | 0.2 |
Accounts payable and accruals |  | (7.4) |
Long-term operating lease liabilities |  | (0.1) |
Intangible assets |  | 45.9 |
Goodwill |  | 38.0 |
Total |  | $ | 85.3 |
During 2022, the company finalized its valuation of assets acquired and liabilities assumed resulting in measurement period adjustments that decreased goodwill by $27.5 million primarily related to an increase of $27.6 million in the fair value of the acquired intangible assets. The goodwill represents expected synergies, intellectual capital and the acquired assembled workforce, none of which qualify for recognition as a separate intangible asset. Goodwill determined by the allocation of the purchase price was recorded in the company’s CA&I segment and approximately $34 million is deductible for tax purposes. The following table summarizes the fair value of the intangible assets acquired and the related weighted average amortization period:
|  | Weighted Average Amortization Period in Years |  | Fair Value
Customer relationships |  | 12.0 |  | $ | 44.6 |
Trademark |  | 4.0 |  | 1.3 |
Total |  |  |  | $ | 45.9 |
During 2022 and 2021, the company incurred and expensed acquisition-related costs of $0.4 million and $1.1 million, respectively, included within selling, general and administrative expense in the consolidated statements of income (loss). The company’s consolidated financial statements include the results of CompuGain commencing as of the acquisition date. Pro forma information and revenue and operating results of CompuGain have not been presented as the impact is not material to the company’s consolidated financial statements. Unify Square, Inc. On June 3, 2021, the company acquired 100% of Unify Square, Inc. (Unify Square) for a purchase price consideration of $150.4 million on a cash-free, debt-free basis. The company funded the cash consideration and acquisition-related costs with cash on hand. Headquartered in Bellevue, Washington, and with offices in the United Kingdom, Germany, Switzerland, India, Australia and Lithuania, Unify Square is a leading experience management provider for secure collaboration and communication platforms. The acquisition enhanced the company’s digital workplace solutions and enabled the company to deliver higher value solutions to its clients. The fair values of the total net assets acquired was as follows:
Receivables |  | $ | 3.4 |
Prepaid expenses and other current assets |  | 0.6 |
Properties and other long-term assets |  | 0.4 |
Operating lease right-of-use assets |  | 1.7 |
Accounts payable and accruals |  | (3.8) |
Deferred revenue |  | (2.7) |
Long-term operating lease liabilities |  | (1.7) |
Intangible assets |  | 19.6 |
Goodwill |  | 132.9 |
Total |  | $ | 150.4 |
During 2021, the company finalized its valuation of assets acquired and liabilities assumed resulting in measurement period adjustments that increased goodwill by $16.7 million primarily related to a decrease of $16.3 million in the fair value of the acquired intangible assets. The goodwill represents expected synergies, intellectual capital and the acquired assembled workforce, none of which qualify for recognition as a separate intangible asset. Goodwill determined by the allocation of the purchase price has been recorded in the company’s DWS segment and is not deductible for tax purposes. The following table summarizes the fair value of the intangible assets acquired and the related weighted average amortization period:
|  | Weighted Average Amortization Period in Years |  | Fair Value
Technology |  | 3.2 |  | $ | 10.0 |
Customer relationships - Software and Software Solutions |  | 3.0 |  | 6.6 |
Customer relationships - Consulting |  | 10.0 |  | 3.0 |
Total |  |  |  | $ | 19.6 |
During 2021, the company incurred and expensed acquisition-related costs of $2.4 million, included within selling, general and administrative expense in the consolidated statements of income (loss). The company’s consolidated financial statements include the results of Unify Square commencing as of the acquisition date. Pro forma information and revenue and operating results of Unify Square have not been presented as the impact is not material to the company’s consolidated financial statements. Mobinergy On November 18, 2021, the company acquired 100% of the Mobinergy group of companies (Mobinergy), a leader in unified endpoint management. The purchase price consideration was not material. The acquisition enhanced the company’s digital workplace solutions and enabled the company to deliver higher value solutions to its clients. The company’s consolidated financial statements include the results of Mobinergy commencing as of the acquisition date. Pro forma information and revenue and operating results of Mobinergy have not been presented as the impact is not material to the company’s consolidated financial statements.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI https://asc.fasb.org/topic&trid=2303972 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 5 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4946-128472 + Details
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