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ACQUISITIONS AND DIVESTITURES (Tables) | 9 Months Ended
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Sep. 30, 2021
Avtex |
Schedule of Assets Acquired and Liabilities Assumed | The following summarizes the estimated fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date (in thousands):
​ | ​ | ​ | ​ | ​
​ |  | Preliminary |
​ | ​ | Estimate of |
​ | ​ | Acquisition Date |
​ | ​ | Fair Value |
Cash | ​ | $ | 18,638 | ​
Accounts receivable, net | ​ |  | 22,727 | ​
Prepaid expenses | ​ |  | 26,357 | ​
Current income tax receivables | ​ | ​ | 93 | ​
Net fixed assets | ​ | ​ | 3,162 | ​
Right of use assets | ​ | ​ | 3,614 | ​
Other Assets | ​ | ​ | 480 | ​
Tradename | ​ | ​ | 5,300 | ​
Intellectual property intangible | ​ | ​ | 770 | ​
Customer relationships | ​ | ​ | 124,660 | ​
Goodwill | ​ | ​ | 375,669 | ​
​ | ​ | $ | 581,470 | ​
​ | ​ | ​ | ​ | ​
Accounts payable | ​ | $ | 20,962 | ​
Accrued employee compensation | ​ |  | 4,325 | ​
Accrued expenses | ​ | ​ | 250 | ​
Right of use liability - current | ​ | ​ | 678 | ​
Deferred revenue | ​ |  | 52,031 | ​
Accrued income taxes | ​ | ​ | 332 | ​
Deferred tax liability | ​ | ​ | 11 | ​
Right of use liability - noncurrent | ​ |  | 2,936 | ​
​ | ​ | $ | 81,525 | ​
​ | ​ | ​ | ​ | ​
Total purchase price | ​ | $ | 499,945 | ​
VoiceFoundry US |
Schedule of Assets Acquired and Liabilities Assumed | The following summarizes the fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date (in thousands):
​ | ​ | ​ | ​ | ​
​ | ​ | Acquisition Date |
​ | ​ | Fair Value |
Accounts receivable, net | ​ | $ | 3,758 | ​
Prepaid and other assets | ​ |  | 345 | ​
Tradename | ​ | ​ | 400 | ​
Non-compete | ​ | ​ | 150 | ​
Customer relationships | ​ | ​ | 6,550 | ​
Goodwill | ​ | ​ | 35,881 | ​
​ | ​ | $ | 47,084 | ​
​ | ​ | ​ | ​ | ​
Accounts payable | ​ | $ | 289 | ​
Accrued employee compensation | ​ |  | 741 | ​
Deferred revenue | ​ |  | 170 | ​
​ | ​ | $ | 1,200 | ​
​ | ​ | ​ | ​ | ​
Total purchase price | ​ | $ | 45,884 | ​
VoiceFoundry ASEAN |
Schedule of Assets Acquired and Liabilities Assumed | The following summarizes the fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date (in thousands):
​ | ​ | ​ | ​ | ​
​ | ​ | Acquisition Date |
​ | ​ | Fair Value |
Cash | ​ | $ | 1,300 | ​
Accounts receivable, net | ​ | ​ | 937 | ​
Prepaid and other expenses | ​ |  | 115 | ​
Income tax receivable | ​ | ​ | 30 | ​
Property, plant and equipment | ​ | ​ | 274 | ​
Tradename | ​ |  | 300 | ​
Customer relationships | ​ |  | 3,100 | ​
Goodwill | ​ | ​ | 14,418 | ​
​ | ​ | $ | 20,474 | ​
​ | ​ | ​ | ​ | ​
Accounts payable | ​ | $ | 960 | ​
Accrued employee compensation | ​ |  | 113 | ​
Deferred revenue | ​ | ​ | 236 | ​
Deferred tax liability | ​ | ​ | 1,013 | ​
Other accrued liabilities | ​ |  | (78) | ​
​ | ​ | $ | 2,244 | ​
​ | ​ | ​ | ​ | ​
Total purchase price | ​ | $ | 18,230 | ​
Serendebyte |
Schedule of Assets Acquired and Liabilities Assumed | The following summarizes the fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date (in thousands):
​ | ​ | ​ | ​ | ​
​ | ​ | Acquisition Date |
​ | ​ | Fair Value |
Cash | ​ | $ | 3,123 | ​
Accounts receivable, net | ​ |  | 1,243 | ​
Prepaid and other assets | ​ |  | 1,327 | ​
Property, plant and equipment | ​ | ​ | 20 | ​
Deferred tax assets | ​ | ​ | 14 | ​
Tradename | ​ | ​ | 400 | ​
Customer relationships | ​ | ​ | 1,920 | ​
Goodwill | ​ | ​ | 9,033 | ​
​ | ​ | $ | 17,080 | ​
​ | ​ | ​ | ​ | ​
Accounts payable | ​ | $ | 120 | ​
Accrued employee compensation and benefits | ​ |  | 1,025 | ​
Accrued income taxes | ​ |  | 170 | ​
Accrued expenses | ​ | ​ | 2,208 | ​
Deferred tax liabilities - long-term | ​ |  | 629 | ​
​ | ​ | $ | 4,152 | ​
​ | ​ | ​ | ​ | ​
Total purchase price | ​ | $ | 12,928 | ​

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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