BUSINESS COMBINATION (Tables)

6 Months Ended

Jun. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Summary of consideration transferred for business acquisition

The acquisition date fair value of the purchase price was approximately $35.5 million, which consisted of the following (in thousands):

Cash consideration	$	31,988
Fair value of contingent consideration	3,500
Total	$	35,488

Summary of fair values of assets acquired and liabilities assumed

The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the acquisition date, which are subject to change within the measurement period as the fair value assessments are finalized (in thousands):

Net tangible assets acquired	$	1,441
Intangible assets	9,200
Deferred tax asset	457
Goodwill	24,390
Net assets acquired	$	35,488

The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the acquisition date, which are subject to change within the measurement period as the fair value assessments are finalized (in thousands):

Net tangible assets acquired	$	1,541
Intangible assets	11,700
Goodwill	11,544
Net assets acquired	$	24,785

Summary of intangible assets acquired

The following table shows the fair value of the separately identifiable intangible assets at the time of acquisition and the period over which each intangible asset will be amortized:

	Preliminary Fair Value		Useful Life
	(In thousands)		(Years)
Developed technology	$	6,900	5
Customer relationship	1,800		5
Trade Name	500		5
Total identifiable intangible assets	$	9,200

The following table shows the fair value of the separately identifiable intangible assets at the time of acquisition and the period over which each intangible asset will be amortized:

	Preliminary Fair Value		Useful Life
	(In thousands)		(Years)
Customer relationship	$	11,700	5