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Acquisition (Tables) | 9 Months Ended
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Sep. 30, 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 receivable | 2,446 |
Right of use assets | 2,715 |
Other acquired assets | 3,710 |
Acquired intangible assets | 71,600 |
Total identifiable assets acquired | 100,996 |
Accounts payable | (5,174) |
Accrued liabilities(1) | (21,964) |
Deferred revenue | (16,761) |
Long term operating lease liabilities | (2,038) |
Other long-term liabilities(1) | (1,646) |
Net identifiable assets acquired | 53,413 |
Goodwill | 368,237 |
Total fair value of purchase consideration | $ | 421,650 |
(1) During the three months ended June 30, 2022, we recorded a $0.8 million decrease to accrued liabilities and a $1.7 million increase to other long-term liabilities as a result of measurement period adjustments to the fair value of the initial liabilities related to taxes.
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
| Amount |  | Weighted-Average Amortization Period (in months)
Trade name | $ | 4,600 |  |  | 72
Customer lists | 18,000 |  |  | 24
Developed technology | 49,000 |  |  | 84
Total acquired intangible assets | $ | 71,600 |  |  | 68

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- Definition Schedule Of Allocation Of Purchase Consideration To Acquired Intangible Assets + References No definition available. + Details
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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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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