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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table presents the preliminary total allocation of purchase consideration recorded on our consolidated balance sheet as of the acquisition date (in thousands):


	Mathway
Cash	$	712
Accounts receivable	1,132
Other acquired assets	779
Acquired intangible assets	30,320
Total identifiable assets acquired	32,943
Deferred revenue	(1,423)
Liabilities assumed	(727)
Net identifiable assets acquired	30,793
Goodwill	70,167
Total fair value of purchase consideration	$	100,960

The following table presents the total allocation of purchase consideration recorded on our consolidated balance sheet as of the acquisition date (in thousands):


	Thinkful
Cash	$	51
Accounts receivable	547
Other acquired assets	1,710







Acquired intangible assets	16,360
Total identifiable assets acquired	18,668
Deferred revenue	(2,455)
Liabilities assumed	(1,906)
Net identifiable assets acquired	14,307
Goodwill	64,893
Total fair value of purchase consideration	$	79,200

The following table presents the total allocation of purchase consideration recorded on our consolidated balance sheets as of the acquisition date (in thousands):


	StudyBlue		WriteLab		Total
Cash	$	152	$	82	$	234
Accounts receivable	288		194		482
Other acquired assets	151		—		151






Acquired intangible assets	7,100		4,450		11,550
Total identifiable assets acquired	7,691		4,726		12,417
Liabilities assumed	(1,309)		(897)		(2,206)
Net identifiable assets acquired	6,382		3,829		10,211
Goodwill	13,996		10,677		24,673
Total fair value of purchase consideration	$	20,378	$	14,506	$	34,884

Schedule Of Allocation Of Purchase Consideration To Acquired Intangible Assets

The following table presents the details of the allocation of purchase consideration to the acquired intangible assets (in thousands, except weighted-average amortization period):


	Mathway
	Amount		Weighted-Average Amortization Period (in months)
Trade name	$	520	18
Domain names	220		18
Customer lists	6,220		48
Developed technology	23,360		84
Total acquired intangible assets	$	30,320	75

Schedule Of Purchase Consideration Allocation To Intangible Assets

The following table presents the details of the allocation of purchase consideration to the acquired intangible assets (in thousands, except weighted-average amortization period):


	Thinkful
	Amount		Weighted-Average Amortization Period (in months)
Trade name	$	4,430	48
Domain names	330		48
Content library	6,940		60
Developed technology	4,660		36
Acquired intangible assets	$	16,360	50

The following table presents the details of the allocation of purchase consideration to the acquired intangible assets (in thousands, except weighted-average amortization period):


	StudyBlue			WriteLab			Total
	Amount		Weighted-Average Amortization Period (in months)	Amount		Weighted-Average Amortization Period (in months)	Amount		Weighted-Average Amortization Period (in months)
Trade name	$	140	12	$	—	0	$	140	12
Domain names	180		12	—		0	180		12
Non-compete agreements	220		36	—		0	220		36
Developed technology	1,340		60	4,450		96	5,790		88
Content library	5,220		60	—		0	5,220		60
Acquired intangible assets	$	7,100	57	$	4,450	96	$	11,550	72