Business Combinations (Tables)

3 Months Ended

Jun. 30, 2022

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The table below details the consideration transferred to acquire Depositphotos:

Cash consideration (paid at closing)	$	76,119
Deferred payment	8,781
Total purchase price	$	84,900

We recognized the assets and liabilities on the basis of their fair values at the date of the acquisition with any excess of the purchase price paid over the fair value of the net assets recorded as goodwill, which is primarily attributable to the synergies that we expect to achieve through the acquisition. The goodwill balance has been attributed to the Vista reporting unit and none of the goodwill balance is deductible for tax purposes. Additionally, we identified and valued Depositphotos intangible assets, which include its trade name, customer relationships,

owned content and developed technology.

The fair value of the assets acquired and liabilities assumed was:

	Amount		Weighted Average Useful Life in Years
Tangible assets acquired and liabilities assumed:
Cash and cash equivalents	$	7,173	n/a
Accounts receivable, net	329		n/a
Prepaid expenses and other current assets	448		n/a
Property, plant and equipment, net	611		n/a
Operating lease assets, net	383		n/a
Other assets	324		n/a
Accounts payable	(843)		n/a
Accrued expenses	(5,009)		n/a
Deferred revenue	(10,999)		n/a
Operating lease liabilities, current	(152)		n/a
Deferred tax liabilities	(4,402)		n/a
Operating lease liabilities, non-current	(231)		n/a
Identifiable intangible assets:
Customer relationships	11,600		4 years
Trade name	2,500		10 years
Developed technology	2,300		2 years
Owned content	7,700		10 years
Goodwill	73,168		n/a
Total purchase price	$	84,900	n/a