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Acquisitions | 3 Months Ended
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Mar. 31, 2022
Business Combinations [Abstract] |
Acquisitions | Acquisitions Chaikin On January 21, 2021, we acquired 90% ownership of Chaikin Holdings LLC (“Chaikin”) a provider of analytical tools and software for investors, for cash of $7,139, net of cash acquired. We acquired Chaikin to expand our product offerings and our customer base. The Chaikin acquisition was accounted for using the acquisition method of accounting for business combinations. The following table summarizes the fair value of assets acquired and liabilities assumed as of the acquisition date:
Cash | $ | 151 |
Other current assets | 138 |
Customer relationships | 3,664 |
Tradenames | 657 |
Software | 247 |
Goodwill | 5,187 |
Other noncurrent assets | 443 |
Total assets acquired | 10,487 |
Liabilities assumed | (2,387) |
Net assets acquired | $ | 8,100 |
Cash consideration | $ | 7,290 |
Noncontrolling interest | 810 |
Total consideration | $ | 8,100 |
The excess purchase consideration over the fair values of assets acquired and liabilities assumed was recorded as goodwill. The goodwill arising from the acquisition is largely attributable to synergies which we expect to achieve from cross-marketing and providing complementary products to our existing and acquired customers, and is expected to be fully deductible for tax purposes. The acquired intangible assets of Chaikin are amortized over their estimated useful lives. Accordingly, the trade name will be amortized over 8.5 years and customer relationships will be amortized over 6 years. Amortization for the acquired intangible assets was $170 and $126 for the three months ended March 31, 2022 and 2021, respectively.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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- References No definition available. + Details
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