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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2021
Avast PLC Family Safety Mobile Software Business [Member] |
Summary of Consideration Paid for Acquisitions | The following table summarizes the consideration paid for the Family Safety Mobile Business in 2021 (in thousands):
Fair value of assets acquired |  | $ | 74,818 |
Fair value of liabilities assumed |  |  | 2,085 |
Total purchase price |  | $ | 72,733 |
Components of purchase price: |  |  |  |
Cash |  | $ | 63,216 |
Common stock |  |  | 8,381 |
Contingent consideration |  |  | 1,136 |
Total purchase price |  | $ | 72,733 |
Summary of Allocation of Purchase Price | The Company’s allocation of the purchase price is summarized as follows (in thousands):
Assets: |  |  |  |
Cash |  | $ | 6,351 |
Accounts receivable |  |  | 6,225 |
Prepaid expenses |  |  | 513 |
Fixed assets |  |  | 921 |
Intangible assets |  |  | 38,033 |
Goodwill |  |  | 22,775 |
Total assets |  | $ | 74,818 |
Liabilities: |  |  |  |
Accounts payable |  | $ | 392 |
Accrued payroll and benefits |  |  | 1,662 |
Accrued expenses |  |  | 31 |
Total liabilities |  | $ | 2,085 |
Total purchase price |  | $ | 72,733 |
Summary of Unaudited Proforma Results of Operation | Unaudited pro forma results of operations for the years ended December 31, 2021 and 2020 are included below as if the acquisition of the Family Safety Mobile business occurred on January 1, 2020. This summary of the unaudited pro forma results of operations is not necessarily indicative of what the Company’s results of operations would have been had the Family Safety Mobile Business been acquired at the beginning of 2020, nor does it purport to represent results of operations for any future periods.
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |
|  | (in thousands, except per share amounts) |
Revenues |  | $ | 67,654 |  |  | $ | 87,908 |
Net (loss) income |  |  | (16,304 | ) |  |  | 4,046 |
Earnings per share: |  |  |  |  |  |  |  |
Basic |  | $ | (0.30 | ) |  | $ | 0.08 |
Diluted |  | $ | (0.30 | ) |  | $ | 0.08 |
Circle [Member] |
Summary of Consideration Paid for Acquisitions | The following table summarizes the consideration paid for the Circle acquisition in 2020 (in thousands):
Fair value of assets acquired |  | $ | 14,966 |
Fair value of liabilities assumed |  |  | 1,466 |
Total purchase price |  | $ | 13,500 |
Components of purchase price: |  |  |  |
Cash |  | $ | 13,500 |
Total purchase price |  | $ | 13,500 |
Summary of Allocation of Purchase Price | The Company’s allocation of the purchase price is summarized as follows (in thousands):
Assets: |  |  |  |
Inventory, net |  | $ | 14 |
Intangible assets |  |  | 10,483 |
Goodwill |  |  | 4,469 |
Total assets |  | $ | 14,966 |
Liabilities: |  |  |  |
Deferred revenue |  | $ | 1,290 |
Amounts due to seller |  |  | 176 |
Total liabilities |  | $ | 1,466 |
Total purchase price |  | $ | 13,500 |

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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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