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Business Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2021
Business Combinations [Abstract]  
Summary of Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of August 2, 2021 and September 10, 2021 (dollars in thousands):

 

 

 

DigitalCrafts

 

 

Hippo

 

Assets:

 

August 2, 2021

 

 

September 10, 2021

 

Cash

 

$

-

 

 

$

93

 

Student receivables

 

 

1,777

 

 

 

202

 

Other current assets

 

 

4

 

 

 

25

 

Property and equipment

 

 

-

 

 

 

27

 

Intangible assets subject to amortization

 

 

 

 

 

 

 

 

Trade name

 

 

740

 

 

 

3,340

 

Customer relationships

 

 

200

 

 

 

14,100

 

Developed technology

 

 

830

 

 

 

1,960

 

Goodwill

 

 

16,477

 

 

 

27,903

 

         Total assets acquired

 

$

20,028

 

 

$

47,650

 

Liabilities:

 

 

 

 

 

 

 

 

Accounts payable and other accrued liabilities

 

$

268

 

 

$

378

 

Deferred revenue

 

 

1,404

 

 

 

3,952

 

         Total liabilities assumed

 

$

1,672

 

 

$

4,330

 

 

 

 

 

 

 

 

 

 

Net assets acquired

 

$

18,356

 

 

$

43,320