Acquisition (Tables)

3 Months Ended

Mar. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The total purchase consideration for the Enview Acquisition was $64.4 million, which consisted of the following (in thousands):

	Amount
Cash	$	35,026
Common stock (1.2 million shares)(1)	19,118
Unpaid Consideration (2)	10,270
Total	$	64,414

(1) On the Enview Acquisition Date, the Company's closing stock price was $15.73 per share.

(2) The Company recorded a liability for unpaid cash of $4.3 million and stock consideration of $6.0 million that will be paid at a future date due to the passage of time in accordance with the merger agreement, not to exceed two years from the Enview Acquisition Date. The liabilities are included in accrued expenses and other current liabilities and other long-term liabilities in the condensed consolidated balance sheet.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The Company has accounted for the Enview Acquisition as a business combination and allocated the purchase consideration to assets acquired and liabilities assumed based on preliminary estimated fair values at the Enview Acquisition Date, as presented in the following table (in thousands):

	Amount
Goodwill	$	54,080
Identified intangible assets	5,400
Net assets acquired	4,934
Total	$	64,414

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes the preliminary estimated fair values and estimated useful lives of the components of identifiable intangible assets acquired as of the Enview Acquisition Date (in thousands, except years):

	Fair Value		Estimated Useful Life
Developed technology	$	5,400	5 years