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Acquisition (Tables)
3 Months Ended
Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table presents the preliminary allocation of purchase consideration recorded on our condensed consolidated balance sheet as of the acquisition date (in thousands):
 Busuu
Cash and cash equivalents$20,525 
Accounts receivable2,446 
Right of use assets2,715 
Other acquired assets3,710 
Acquired intangible assets71,600 
Total identifiable assets acquired100,996 
Accounts payable(5,174)
Accrued liabilities(22,749)
Deferred revenue(16,761)
Long term operating lease liabilities(2,038)
Net identifiable assets acquired54,274 
Goodwill367,376 
Total fair value of purchase consideration$421,650 
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):
Busuu
AmountWeighted-Average Amortization Period (in months)
Trade name$4,600 72
Customer lists18,000 24
Developed technology49,000 84
Total acquired intangible assets$71,600 68