Business Combinations (Tables)

6 Months Ended

Jun. 30, 2021

Business Combinations

Schedule of estimated fair value of the assets acquired and liabilities assumed for business combinations

	Weighted Average Useful Life (in years)	January 12, 2021 Acquisition		April 5, 2021 Acquisition		May 20, 2021 Acquisition		Other Acquisitions		Total
Purchase consideration:
Cash		$	20,346	$	82,002	$	32,302	$	13,490	$	148,140
Issuance of common stock			—		21,687		—		1,169		22,856
Common stock consideration
Payable			—		3,014		3,500		—		6,514
Contingent consideration			1,410		6,685		—		327		8,422
Total purchase consideration:		$	21,756	$	113,388	$	35,802	$	14,986	$	185,932
Assets:
Cash, cash equivalents and restricted cash		$	1,035	$	17,766	$	408	$	1,048	$	20,257
Current assets			4,939		235,669		932		860		242,400
Property and equipment			996		2,267		334		72		3,669
Intangible assets:
Customer relationships	10.0		1,650		16,700		12,700		6,400		37,450
Acquired technology	5.0		3,525		—		2,900		940		7,365
Trademarks and tradenames	11.0		1,225		12,200		900		410		14,735
Non-competition agreements	1.0		40		—		90		15		145
Value of business acquired	1.0		—		400		—		—		400
Renewal rights	8.0		—		7,692		—		—		7,692
Insurance licenses	Indefinite		—		4,960		—		—		4,960
Goodwill			16,760		47,008		21,952		6,952		92,672
Other non-current assets			—		55,165		—		—		55,165
Total assets acquired			30,170		399,827		40,216		16,697		486,910
Current liabilities			(6,388)		(273,759)		(409)		(1,285)		(281,841)
Long term liabilities			(2,026)		(8,913)		—		—		(10,939)
Deferred tax liabilities, net			—		(3,767)		(4,005)		(426)		(8,198)
Net assets acquired		$	21,756	$	113,388	$	35,802	$	14,986	$	185,932

Summary of estimated unaudited pro forma consolidated financial information

	Three months ended				Six months ended
		June 30,				June 30,
	2021		2020		2021		2020
Revenue	$	52,867	$	36,086	$	97,610	$	68,837
Net loss	$	(17,102)	$	(8,408)	$	(79,417)	$	(27,608)

January 12,2021 Acquisition

Business Combinations

Summary of fair value of the intangible assets

			Estimated
	Fair		Useful Life
	Value		(in years)
Intangible assets:
Customer relationships	$	1,650	10
Acquired technology		3,525	4
Trademarks and tradenames		1,225	15
Non-competition agreements		40	2
	$	6,440

HOA acquisition

Business Combinations

Summary of fair value of the intangible assets

			Estimated
	Fair		Useful Life
	Value		(in years)
Intangible assets:
Customer relationships	$	16,700	10
Trademarks and tradenames		12,200	10
Business acquired		400	1
Renewal rights		7,692	8
Insurance licenses		4,960	Indefinite
	$	41,952

May 20, 2021 Acquisition

Business Combinations

Summary of fair value of the intangible assets

			Estimated
	Fair		Useful Life
	Value		(in years)
Intangible assets:
Customer relationships	$	12,700	10
Acquired technology		2,900	7
Trademarks and tradenames		900	20
Non-competition agreements		90	1
	$	16,590