XML 74 R38.htm IDEA: XBRL DOCUMENT v3.22.0.1
Business Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Allocation of Aggregate Purchase Consideration
The following table summarizes the allocation of the purchase consideration for all 2021 acquisitions, including individually material acquisitions noted separately (in thousands):
Assets and LiabilitiesValuation
Accounts receivable$9,513 
Prepaid expenses and other current assets1,655 
Property and equipment 2,188 
Operating lease right-of-use assets, noncurrent5,888 
Trade names16,349 
Customer relationship 21,945 
Goodwill 97,032
Other intangibles 38,894 
Other long-term assets 62 
Deferred tax asset230 
Accounts payable and accrued expenses(5,863)
Deferred revenue(9,491)
Operating lease liabilities, current (7,191)
Other current liabilities(14)
Deferred tax liability(9,237)
Other long-term liabilities(1,511)
Total$160,449 
The following table summarizes the allocation of the purchase consideration for the SEOmoz acquisition (in thousands):
Assets and LiabilitiesValuation
Accounts receivable$3,278 
Prepaid expenses and other current assets 1,547 
Property and equipment 1,845 
Operating lease right of use asset5,888 
Trade names 7,406 
Customer relationships 5,000 
Goodwill 41,329 
Other intangibles22,777 
Other long-term assets62 
Accounts payables and accrued expenses(2,655)
Other current liabilities(14)
Deferred revenue(6,398)
Operating lease liabilities, current(7,191)
Deferred tax liability(5,327)
Other long-term liabilities(550)
           Total$66,997 
The following table summarizes the allocation of the purchase consideration for all 2020 acquisitions, including individually material acquisitions noted separately (in thousands):

Assets and LiabilitiesValuation
Accounts receivable$46,138 
Prepaid expenses and other current assets 9,105 
Property and equipment 2,204 
Operating lease right of use asset10,644 
Trade names 66,763 
Customer relationships 214,347 
Goodwill 202,901 
Other intangibles56,424 
Other long-term assets685 
Deferred tax asset992 
Accounts payables and accrued expenses(28,979)
Deferred revenue(21,918)
Operating lease liabilities, current(4,520)
Long-term debt(910)
Operating lease liabilities, noncurrent(13,104)
Income taxes payable(3,297)
Liability for uncertain tax positions(1,576)
Deferred tax liability(53,870)
Other long-term liabilities(9,269)
           Total$472,760 
The following table summarizes the allocation of the purchase consideration for the RetailMeNot, Inc. acquisition (in thousands):
Assets and LiabilitiesValuation
Accounts receivable$40,525 
Prepaid expenses and other current assets 7,367 
Property and equipment 587 
Operating lease right of use asset10,313 
Trade names 62,940 
Customer relationships 198,840 
Goodwill 169,581 
Other intangibles42,610 
Other long-term assets494 
Deferred tax asset605 
Accounts payables and accrued expenses(24,526)
Deferred revenue(11,175)
Operating lease liabilities, current(4,029)
Operating lease liabilities, noncurrent(13,085)
Income taxes payable(3,308)
Liability for uncertain tax positions(1,576)
Deferred tax liability(52,504)
Other long-term liabilities(9,275)
           Total$414,384 
The following table summarizes the allocation of the purchase consideration for all 2019 acquisitions, including individually material acquisitions noted separately (in thousands):
Assets and LiabilitiesValuation
Accounts receivable$22,796 
Prepaid expenses and other current assets 4,528 
Property and equipment 4,625 
Operating lease right of use asset4,982 
Trade names 10,773 
Customer relationships 123,611 
Goodwill 253,096 
Trademarks32,540 
Other intangibles48,446 
Other long-term assets660 
Accounts payables and accrued expenses(31,292)
Other current liabilities(516)
Deferred revenue(27,953)
Operating lease liabilities, current(1,768)
Operating lease liabilities, noncurrent(3,215)
Income taxes payable(762)
Liability for uncertain tax positions(170)
Deferred tax liability(10,229)
Other long-term liabilities(635)
           Total$429,517 
The following table summarizes the allocation of the purchase consideration for the Highwinds acquisition (in thousands):
Assets and LiabilitiesValuation
Accounts receivable$900 
Prepaid expenses and other current assets 38 
Property and equipment307 
Customer relationships55,260 
Other intangibles13,110 
Trademarks24,740 
Acquired technology6,678 
Other long-term assets16 
Goodwill164,102 
Accounts payable and accrued expenses(19,506)
Deferred revenue(18,321)
Liability for uncertain tax positions(170)
Deferred tax liability(17,552)
           Total$209,602 
The following table summarizes the allocation of the purchase consideration for the BabyCenter acquisition (in thousands):
Assets and LiabilitiesValuation
Accounts receivable$10,336 
Prepaid expenses and other current assets 2,302 
Property and equipment262 
Operating lease right-of-use assets, noncurrent 821 
Customer relationships14,500 
Other intangibles10,800 
Trademarks7,800 
Other long-term assets110 
Goodwill34,644 
Accounts payable and accrued expenses(8,627)
Income taxes payable(61)
Deferred revenue(544)
Operating lease liabilities, current(511)
Operating lease liabilities, noncurrent(310)
           Total$71,522 
The following table summarizes the allocation of the purchase consideration for the Spiceworks acquisition (in thousands):
Assets and LiabilitiesValuation
Accounts receivable$10,406 
Prepaid expenses and other current assets 1,986 
Property and equipment2,388 
Operating lease right-of-use assets, noncurrent 4,161 
Trade names 5,200 
Customer relationships27,200 
Other intangibles2,600 
Non-competition agreements680 
Acquired technology2,700 
Deferred tax asset8,752 
Other long-term assets504 
Goodwill4,149 
Accounts payable and accrued expenses(2,214)
Income taxes payable(164)
Deferred revenue(3,344)
Operating lease liabilities, current(1,256)
Operating lease liabilities, noncurrent(2,905)
           Total$60,843 
Supplementary Information on Unaudited Pro Forma Financial Basis
The supplemental information on an unaudited pro forma financial basis presents the combined results of the Company and its 2021 acquisitions as if each acquisition had occurred on January 1, 2020 (in thousands, except per share amounts):
 Year ended December 31,
 2021 2020
 (unaudited)
Revenues$1,482,323  $1,267,280 
Net income from continuing operations$416,348  $33,351 
EPS - Basic$9.06  $0.72 
EPS - Diluted$8.69  $0.71 
The supplemental information on an unaudited pro forma financial basis presents the combined results of the Company and SEOmoz as if the acquisition had occurred on January 1, 2020 (in thousands, except per share amounts):

 Year ended December 31,
 2021 2020
 (unaudited)
Revenues$1,438,099  $1,207,910 
Net income from continuing operations
$406,281  $29,382 
EPS - Basic$8.84  $0.63 
EPS - Diluted$8.48  $0.62 
The supplemental information on an unaudited pro forma financial basis presents the combined results of the Company and its 2020 acquisitions as if each acquisition had occurred on January 1, 2019 (in thousands, except per share amounts):
 Year ended December 31,
 2020 2019
 (unaudited)
Revenues$1,339,927  $1,306,479 
Net income from continuing operations$21,450  $11,773 
EPS - Basic$0.46  $0.24 
EPS - Diluted$0.45  $0.23 
The supplemental information on an unaudited pro forma financial basis presents the combined results of the Company and RetailMeNot, Inc. as if the acquisition had occurred on January 1, 2019 (in thousands, except per share amounts):
 Year ended December 31,
 2020 2019
 (unaudited)
Revenues$1,308,731  $1,267,847 
Net income from continuing operations$23,395  $22,117 
EPS - Basic$0.50  $0.46 
EPS - Diluted$0.49  $0.44 
The supplemental information on an unaudited pro forma financial basis presents the combined results of the Company and its 2019 acquisitions as if each acquisition had occurred on January 1, 2019 (in thousands, except per share amounts):
 Year ended
 
December 31, 2019
 (unaudited)
Revenues$1,152,542 
Net income from continuing operations$35,203 
EPS - Basic$0.73 
EPS - Diluted$0.71 
The supplemental information on an unaudited pro forma financial basis presents the combined results of the Company and Highwinds as if the acquisition had occurred on January 1, 2019 (in thousands, except per share amounts):

 Year ended
 
December 31, 2019
 (unaudited)
Revenues$1,072,047 
Net income from continuing operations$43,345 
EPS - Basic$0.90 
EPS - Diluted$0.88 
The supplemental information on an unaudited pro forma financial basis presents the combined results of the Company and BabyCenter as if the acquisition had occurred on January 1, 2019 (in thousands, except per share amounts):

 Year ended
 
December 31, 2019
 (unaudited)
Revenues$1,080,644 
Net income from continuing operations$35,953 
EPS - Basic$0.75 
EPS - Diluted$0.73 
The supplemental information on an unaudited pro forma financial basis presents the combined results of the Company and Spiceworks as if the acquisition had occurred on January 1, 2019 (in thousands, except per share amounts):

 Year ended
 
December 31, 2019
 (unaudited)
Revenues$1,089,648 
Net income from continuing operations$36,711 
EPS - Basic$0.76 
EPS - Diluted$0.74