Business Combinations (Tables)

9 Months Ended

Sep. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Aggregated Consideration And Purchase Price Allocation

The following table summarizes the consideration and purchase price allocation for the acquisitions completed during the nine months ended September 30, 2022 and 2021, respectively (in thousands):

	2022		2021
Common stock issued (number)	42		207
Common stock value	$	1,668	$	6,940
Cash paid	79,141		66,051
Recorded contingent consideration	74,199		38,148
Total recorded purchase price	$	155,008	$	111,139
Accounts receivable acquired	20,429		13,125
Fixed assets acquired	1,933		1,473
Identifiable intangible assets acquired	53,400		40,753
Operating lease right-of-use asset acquired	49,291		17,814
Other assets acquired	1,693		1,316
Operating lease liability acquired - current	(5,860)		(2,785)
Other current liabilities acquired	(1,594)		(5,735)
Operating lease liability acquired - non-current	(43,431)		(15,029)
Goodwill	79,147		60,207
Total net assets acquired	$	155,008	$	111,139
Maximum potential contingent consideration	$	77,075	$	40,126

Segment Allocation

The following table summarizes the goodwill and intangible asset amounts resulting from those acquisitions for the nine months ended September 30, 2022 and 2021, respectively (in thousands):

	Nine Months Ended September 30,
	2022				2021
	Financial Services		Benefits and Insurance Services		Financial Services		Benefits and Insurance Services
Goodwill	$	79,147	$	—	$	58,409	$	1,798
Client list	53,400		—		38,580		1,290
Other intangibles	—		—		837		46
Total	$	132,547	$	—	$	97,826	$	3,134

Contingent Consideration

The following table summarizes the changes in contingent purchase price consideration for previous acquisitions and contingent payments made for previous business acquisitions in the three and nine months ended September 30, 2022 and 2021, respectively (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net expense	$	440	$	846	$	1,917	$	1,599
Cash settlement paid	$	4,167	$	—	$	12,289	$	7,584
Shares issued (number)	26		13		45		66