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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Estimated Fair Value of the Assets Acquired and Liabilities Assumed for Business Combinations
The following table summarizes the total consideration and the estimated fair value of the assets acquired and liabilities assumed for business combinations during 2022:
Weighted Average Useful Life (in years)RWSOtherTotal
Purchase consideration:
Cash$25,572 $13,763 $39,335 
Issuance of common stock3,552 — 3,552 
Holdback liabilities and amounts in escrow1,000 1,500 2,500 
Contingent consideration - liability-classified8,700 — 8,700 
Total purchase consideration:$38,824 $15,263 $54,087 
Assets:
Cash, cash equivalents and restricted cash$2,030 $256 $2,286 
Current assets525 532 
Property and equipment497 — 497 
Operating lease right-of-use assets871 — 871 
Intangible assets:
Customer relationships813,860 2,750 16,610 
Acquired technology5500 1,480 1,980 
Trademarks and tradenames9400 200 600 
Non-competition agreements7180 20 200 
Goodwill27,366 10,698 38,064 
Total assets acquired46,229 15,411 61,640 
Current liabilities(6,869)(148)(7,017)
Operating lease liabilities, non-current(536)— (536)
Net assets acquired$38,824 $15,263 $54,087 
The following table summarizes the total consideration and the estimated fair value of the assets acquired and liabilities assumed for business combinations during 2021:
Weighted Average Useful Life (in years)V12 DataHOARynohAHPFloifyOther AcquisitionsTotal
Purchase consideration:
Cash$20,196 $84,370 $32,302 $43,750 $75,959 $27,121 $283,698 
Issuance of common stock— 22,773 — — 9,908 3,026 35,707 
Holdback liabilities and amounts in escrow150 1,000 3,500 2,500 900 1,775 9,825 
Contingent consideration - equity-classified— 6,685 — — — — 6,685 
Contingent consideration - liability-classified1,410 — — — 8,632 327 10,369 
Total purchase consideration:$21,756 $114,828 $35,802 $46,250 $95,399 $32,249 $346,284 
Assets:
Cash, cash equivalents and restricted cash$1,035 $17,766 $408 $5,078 $1,508 $1,473 $27,268 
Current assets4,939 235,669 932 8,221 221 1,795 251,777 
Property and equipment996 615 334 17 87 80 2,129 
Operating lease right-of-use assets1,383 1,258 159 913 731 445 4,889 
Intangible assets:
Customer relationships91,650 16,700 12,700 — 7,000 10,320 48,370 
Acquired technology43,525 — 2,800 — 28,300 1,340 35,965 
Trademarks and tradenames121,225 12,200 900 700 6,025 650 21,700 
Non-competition agreements240 — 90 — 40 55 225 
Value of business acquired7— 400 — — — — 400 
Renewal rights8— 7,692 — 2,042 — — 9,734 
Trademarks and tradenamesIndefinite— — — — — 4,750 4,750 
Insurance licensesIndefinite— 4,960 — — — — 4,960 
Goodwill16,708 45,370 22,051 45,681 53,056 14,499 197,365 
Other non-current assets— 55,165 — 25 — 55,193 
Total assets acquired31,501 397,795 40,374 62,677 96,968 35,410 664,725 
Current liabilities(6,871)(269,460)(517)(15,487)(1,014)(2,485)(295,834)
Operating lease liabilities, non-current(848)(898)(72)(685)(555)(204)(3,262)
Long term liabilities(2,026)(7,434)— (79)— (46)(9,585)
Deferred tax liabilities, net— (5,175)(3,983)(176)— (426)(9,760)
Net assets acquired$21,756 $114,828 $35,802 $46,250 $95,399 $32,249 $346,284 
Summary of the Fair Value of the Intangible Assets as of the Date of the Acquisition
The following table summarizes the fair value of the intangible assets of RWS as of the date of the acquisition:
Fair
Value
Estimated
Useful Life
(in years)
Intangible assets:
Customer relationships$13,8608
Acquired technology5003
Trademarks and tradenames4009
Non-competition agreements1807
$14,940 
The following table summarizes the fair value of the intangible assets of V12 Data as of the date of the acquisition:
Fair
Value
Estimated
Useful Life
(in years)
Intangible assets:
Customer relationships$1,65010
Acquired technology3,5254
Trademarks and tradenames1,22515
Non-competition agreements402
$6,440
The following table summarizes the fair value of the intangible assets of HOA as of the date of the acquisition:
Fair
Value
Estimated
Useful Life
(in years)
Intangible assets:
Customer relationships$16,70010
Trademarks and tradenames12,20010
Business acquired4001
Renewal rights7,6928
Insurance licenses4,960Indefinite
$41,952
The following table summarizes the fair value of the intangible assets of Rynoh as of the date of the acquisition:
Fair
Value
Estimated
Useful Life
(in years)
Intangible assets:
Customer relationships$12,70010
Acquired technology2,8007
Trademarks and tradenames90020
Non-competition agreements901
$16,490
The following table summarizes the fair value of the intangible assets of AHP as of the date of the acquisition:
Fair
Value
Estimated
Useful Life
(in years)
Intangible assets:
Renewal rights$2,0426
Trademarks and tradenames70010
$2,742
The following table summarizes the fair value of the intangible assets of Floify as of the date of the acquisition:
Fair
Value
Estimated
Useful Life
(in years)
Intangible assets:
Customer relationships$7,0004
Acquired technology28,3004
Trademarks and tradenames6,02515
Non-competition agreements403
$41,365