Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.21.2
Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of recognized identified assets acquired and liabilities assumed
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:

Preliminary Estimate Measurement Period Adjustments Revised Estimate
(in thousands)
Tangible assets acquired, net of cash(1)
$ 2,032  $ 3,938  $ 5,970 
Total liabilities assumed (596) 54  (542)
Identifiable intangible assets 9,500  —  9,500 
Goodwill 21,858  (3,992) 17,866 
Total net assets acquired $ 32,794  $ —  $ 32,794 

(1) The Company recorded measurement period adjustments of $4.0 million primarily due to the establishment of deferred tax assets in the three months ended September 30, 2021.
A summary of estimated intangible assets acquired, estimated useful lives and amortization method is as follows:

Preliminary Estimate
(in thousands)		 Estimated Useful Life in Years Amortization Method
Proprietary technology $ 6,900  6 Straight-line
Customer list 2,600  14 Accelerated
Total intangible assets acquired $ 9,500