Quarterly report pursuant to Section 13 or 15(d)

Acquisitions and Other Investments (Tables)

v3.22.2.2
Acquisitions and Other Investments (Tables)
 9 Months Ended
Sep. 30, 2022
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 at the date of acquisition:

Preliminary Estimate Measurement Period Adjustments Revised Estimate
(in thousands)
Tangible assets acquired, net of acquired cash $ 94  $ 10  $ 104 
Identifiable intangible assets 3,000  —  3,000 
Goodwill 11,378  18  11,396 
Total net assets acquired $ 14,472  $ 28  $ 14,500 
The following table summarizes the estimated fair values of the assets acquired at the date of acquisition:

Preliminary Estimate
(in thousands)
Tangible net assets acquired, net of acquired cash $ 532 
Identifiable intangible assets 4,000 
Goodwill 16,195 
Total net assets acquired $ 20,727 
In connection with the Redi2 Technologies Acquisition, the Company paid estimated consideration as follows:

(in thousands)
Cash consideration, net $ 69,406 
Estimated working capital adjustment (1,465)
Total $ 67,941 
The following table summarizes the estimated fair values of the assets acquired at the date of acquisition:

Preliminary Estimate
(in thousands)
Total current assets $ 1,985 
Other non-current assets 3,349 
Identifiable intangible assets 26,500 
Goodwill 44,236 
  Total assets acquired 76,070 
Accounts payable and accrued expenses (1,157)
Operating lease liabilities (2,201)
Deferred revenue (4,771)
  Total liabilities assumed (8,129)
    Total net assets acquired, net of cash received $ 67,941 
Schedule of Intangible Assets Acquired, Estimated Useful Lives and Amortization Method
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 $ 3,000  5 Straight-line
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 $ 4,000  5 Straight-line
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
Customer lists $ 14,000 
14 - 16
 Accelerated
Proprietary technologies 9,500 
6
 Straight-line
Trade names 3,000 
6 - 7
 Straight-line
Total intangible assets acquired $ 26,500