ACQUISITIONS AND DIVESTITURES (Tables)

3 Months Ended

Mar. 31, 2022

Avtex

Schedule of Assets Acquired and Liabilities Assumed

The following summarizes the fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date (in thousands):

	Acquisition Date
	Fair Value
Cash	$	18,638
Accounts receivable, net		22,214
Prepaid expenses		26,389
Current income tax receivables		93
Net fixed assets		3,162
Right of use assets		3,614
Other Assets		480
Tradename		5,300
Intellectual property intangible		770
Customer relationships		128,200
Goodwill		378,882
	$	587,742
Accounts payable	$	20,580
Accrued employee compensation		4,325
Accrued expenses		250
Right of use liability - current		678
Deferred revenue		56,765
Accrued income taxes		332
Deferred tax liability		1,930
Right of use liability - noncurrent		2,936
	$	87,796
Total purchase price	$	499,946