Business Combinations (Tables)

6 Months Ended

Jun. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Summary of Aggregated Consideration And Purchase Price Allocation

The following table summarizes the consideration and purchase price allocation for the acquisitions completed during the six months ended June 30, 2023 and 2022, respectively (in thousands):

	2023		2022
Common stock issued (number)	102		—
Common stock value	$	4,796	$	—
Cash paid	48,547		72,469
Recorded contingent consideration	30,317		64,648
Total recorded purchase price	$	83,660	$	137,117
Accounts receivable acquired	8,304		18,230
Fixed assets acquired	1,108		1,793
Identifiable intangible assets acquired	33,505		49,000
Operating lease right-of-use asset acquired	14,598		49,291
Other assets acquired	1,157		1,497
Operating lease liability acquired - current	(1,012)		(5,860)
Other current liabilities acquired	(1,445)		(909)
Operating lease liability acquired - non-current	(13,586)		(43,431)
Goodwill	41,031		67,506
Total net assets acquired	$	83,660	$	137,117
Maximum potential contingent consideration	$	31,925	$	67,115

Summary of Segment Allocation

The following table summarizes the goodwill and intangible asset amounts resulting from those acquisitions for the six months ended June 30, 2023 and 2022, respectively (in thousands):

	Six Months Ended June 30,
	2023				2022
	Financial Services		Benefits and Insurance Services		Financial Services		Benefits and Insurance Services
Goodwill	$	41,031	$	—	$	67,506	$	—
Client list	33,487		—		49,000		—
Other intangibles	18		—		—		—
Total	$	74,536	$	—	$	116,506	$	—

Summary of 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 six months ended June 30, 2023 and 2022, respectively (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Net expense	$	815	$	836	$	1,445	$	1,478
Cash settlement paid	$	1,373	$	1,045	$	29,808	$	8,122
Shares issued (number)	4		—		75		19