XML 206 R58.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Acquisitions (FY) (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions

The following table summarizes the components of consideration and the estimated fair value of assets acquired (in thousands):

Consideration Transferred:	​	​
Cash consideration(1)	​	​	$697
Share consideration(2)	​	​	28,725
Total consideration	​	​	$29,422

(1)
Includes $0.2 million settlement of pre-existing accounts payable with Eyechronic and holdback of $0.1 million recorded within other current liabilities on the Company’s accompanying consolidated balance sheets.

(2)
The fair value of share consideration was calculated based on 5,399,553 shares of Class A common stock multiplied by the share price on the closing date of $5.32. This includes 677,847 of holdback shares to be issued subject to customary indemnification obligations.

Estimated Assets Acquired and Liabilities Assumed:	​	​
Assets acquired:	​	​
Cash	​	​	$118
Accounts receivable	​	​	835
Other current assets	​	​	37
Fixed assets	​	​	2,826
Software technology	​	​	825
Trade name	​	​	103
Customer relationships	​	​	3,631
Order Backlog	​	​	210
Goodwill	​	​	23,073
Total assets acquired	​	​	$31,658
Liabilities assumed:	​	​
Accounts payable	​	​	$(460)
Other current liabilities	​	​	(8)
Deferred revenue	​	​	(96)
Other liabilities	​	​	(22)
Long-term liabilities	​	​	(1,650)
Total liabilities assumed	​	​	$(2,236)
Total net assets acquired	​	​	$29,422

The following table summarizes the components of consideration and the fair value of assets acquired (in thousands):

Consideration Transferred:	​	​
Cash consideration(1)	​	​	$5,000
Share consideration(2)	​	​	10,126
Total consideration	​	​	$15,126

Assets Acquired:	​	​
Software technology	​	​	$249
Trade name	​	​	59
Customer relationships	​	​	170
Goodwill	​	​	14,648
Total asset acquired	​	​	$15,126

(1)
Includes holdback of $1.0 million, which was paid during the second quarter of 2022.

(2)
The fair value of share consideration issued in connection with the TLH acquisition was calculated based on 694,540 shares of Class A common stock issued multiplied by the share price on the closing date of $14.58.

The following table summarizes the components of consideration and the fair value of assets acquired (in thousands):

Consideration Transferred:	​	​
Cash consideration	​	​	$12,000
Share consideration(1)	​	​	19,186
Total consideration	​	​	$31,186

Assets Acquired and Liabilities Assumed:	​	​
Asset acquired:	​	​
Software technology	​	​	$2,973
Trade name	​	​	217
Customer relationships	​	​	1,410
Goodwill	​	​	26,686
Total assets acquired	​	​	31,286
Liabilities assumed:	​	​
Other current liabilities	​	​	(100)
Total net assets acquired	​	​	$31,186

(1)
The fair value of share consideration issued in connection with the Spout acquisition was calculated based on 1,244,258 shares of Class A common stock issued multiplied by the share price on the closing date of $15.42.

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 a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

+ Details

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