Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Summary of Acquisition Accounting

The following table summarizes the preliminary acquisition accounting for these acquisitions (in thousands):

Trade and other receivables	$	91,912
Prepaid expenses and other current assets	2,059
Property, plant and equipment	2,879
Other long term assets	4,593
Goodwill	119,408
Intangibles	82,925
Liabilities	(78,579		)
Other noncurrent liabilities	(4,657		)
Deferred tax liabilities	(11,647		)
Aggregate purchase price	$	208,893

The following table summarizes the preliminary acquisition accounting for NvoicePay (in thousands):

Trade and other receivables	$	1,513
Prepaid expenses and other current assets	396
Property, plant and equipment	1,030
Other long term assets	5,612
Goodwill	168,990
Intangibles	44,750
Liabilities	(4,415		)
Other noncurrent liabilities	(6,130		)
Deferred tax liabilities	(4,178		)
Aggregate purchase price	$	207,568

Summary of Final Estimated Fair Value of Intangible Assets Acquired and the Related Estimated Useful Lives

The estimated fair value of intangible assets acquired and the related estimated useful lives consisted of the following (in thousands):

	Useful Lives (in Years)	Value
Trade Name and Trademarks	Indefinite	$	8,700
Proprietary Technology	6	15,600
Referral Partners	10	810
Supplier Network	10	2,640
Customer Relationships	20	17,000
		$	44,750

The estimated fair value of intangible assets acquired and the related estimated useful lives consisted of the following (in thousands):

	Useful Lives (in Years)	Value
Trade Names and Trademarks	2 - Indefinite	$	10,140
Technology	5 - 10	14,032
Lodging Network	10	300
Referral Partners	20	2,000
Customer Relationships	Varies	56,453
		$	82,925