Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

Acquisitions (Tables)
9 Months Ended
Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
In connection with the Redi2 acquisition, the Company paid consideration as follows (in thousands):

Cash consideration, net $ 69,406 
Working capital adjustment (533)
Total $ 68,873 
The following table summarizes the final fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands):

Total current assets $ 1,985 
Other non-current assets 3,321 
Identifiable intangible assets 26,500 
Goodwill 46,467 
Total assets acquired 78,273 
Accounts payable, accrued expenses and other current liabilities (2,428)
Operating lease liabilities (2,201)
Deferred revenue (4,771)
Total liabilities assumed (9,400)
Total net assets acquired, net of cash received $ 68,873 
Schedule of Intangible Assets Acquired, Estimated Useful Lives and Amortization Method
A summary of intangible assets acquired is as follows:

Gross Carrying Amount Estimated Useful Life Amortization Method
(in thousands) (in years)
Customer lists $ 14,000 
14 - 16
Proprietary technologies 9,500 
Trade names 3,000 
6 - 7
Total intangible assets acquired $ 26,500