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ACQUISITIONS AND DIVESTITURES (Tables) | 12 Months Ended
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Dec. 31, 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 | ​ |  | 22,214 | ​
Prepaid expenses | ​ |  | 26,389 | ​
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 | ​ | ​ | 128,200 | ​
Goodwill | ​ | ​ | 378,882 | ​
​ | ​ | $ | 587,742 | ​
​ | ​ | ​ | ​ | ​
Accounts payable | ​ | $ | 20,580 | ​
Accrued employee compensation | ​ |  | 4,325 | ​
Accrued expenses | ​ | ​ | 250 | ​
Right of use liability - current | ​ | ​ | 678 | ​
Deferred revenue | ​ |  | 56,765 | ​
Accrued income taxes | ​ | ​ | 332 | ​
Deferred tax liability | ​ | ​ | 1,930 | ​
Right of use liability - noncurrent | ​ |  | 2,936 | ​
​ | ​ | $ | 87,796 | ​
​ | ​ | ​ | ​ | ​
Total purchase price | ​ | $ | 499,946 | ​
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 expenses | ​ |  | 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 | A multi-period excess earnings method under the income approach was used to estimate the fair value of the customer relationships intangible asset. The significant assumption utilized in calculating the fair value of the customer relationships intangible asset was the customer attrition rate. 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 | ​
FCR |
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 | ​ | $ | 5,225 | ​
Accounts receivable, net | ​ |  | 10,659 | ​
Prepaid expenses | ​ | ​ | 357 | ​
Property and equipment | ​ | ​ | 6,006 | ​
Other assets | ​ | ​ | 224 | ​
Operating lease assets | ​ | ​ | 5,127 | ​
Tradename | ​ |  | 8,600 | ​
Customer relationships | ​ |  | 38,540 | ​
Goodwill | ​ | ​ | 96,739 | ​
​ | ​ | $ | 171,477 | ​
​ | ​ | ​ | ​ | ​
Accounts payable | ​ | $ | 388 | ​
Operating lease liability - short-term | ​ | ​ | 1,160 | ​
Accrued employee compensation and benefits | ​ |  | 4,049 | ​
Accrued expenses | ​ |  | 72 | ​
Operating lease liability - long-term | ​ |  | 3,967 | ​
​ | ​ | $ | 9,636 | ​
​ | ​ | ​ | ​ | ​
Total purchase price | ​ | $ | 161,841 | ​
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 expenses | ​ |  | 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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