Acquisitions (Tables)

9 Months Ended

Sep. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Preliminary Purchase Price Allocation

The information below represents the purchase price allocation of OptimalPlus:

(in thousands)	July 2, 2020
Consideration Transferred	$	352,642
Cash	17,661
Intangible assets	129,000
Goodwill	205,038
Contract assets	15,454
Deferred revenue	(7,341)
Accounts receivable	4,927
Other assets and liabilities	(4,516)
Deferred tax liabilities	(7,581)
Net assets acquired	$	352,642

Summary of Preliminary Purchase Price Allocation and Useful Lives

The following table summarizes the purchase price allocation, and the average remaining useful lives, for identifiable intangible assets acquired:

(dollars in thousands)	Estimated Fair Value		Estimated Useful Lives (in years)
Customer relationships	$	30,100	5
Developed technology	82,400		6
In-process research and development (IPR&D)	10,400		6
Other intangibles	6,100		3-5
Total	$	129,000

Schedule of Pro Forma Information

	Three Months Ended September 30,		Nine Months Ended September 30,
	2020
(in thousands)
Net sales	$	309,142	$	929,381
Net income	$	4,907	$	123,676