v3.25.2
Acquisitions
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions Acquisitions
The aggregate details of the Company’s acquisition activity are as follows:
Acquisitions Completed During
Six Months Ended June 30,
20252024
Number of acquisitions— 1 
Cash paid at closing$— $5,000 
Net cash paid$— $5,000 
The operating results of the acquired businesses were not material, individually or in the aggregate, to the Company’s consolidated statements of operations.
The operating results for any acquired business are included in the Company’s consolidated financial statements from the closing date of each respective acquisition. The following summarizes the fair values of the assets acquired and liabilities assumed, as well as the weighted average useful lives assigned to acquired intangible assets at the respective date of each acquisition:
Acquisitions Completed During
Year Ended
December 31, 2024
Consideration:
Cash paid at closing$143,299 
Other108 
Total consideration$143,407 
Assets acquired and liabilities assumed:
Cash$12,892 
Accounts receivable and other current assets6,102 
Operating lease right-of-use assets103 
Other assets86 
Software and technology (weighted average useful life of 5 years)
7,025 
Customer relationships (weighted average useful life of 3 years)
284 
Trademarks (weighted average useful life of 10 years)
5,145 
Total identifiable assets acquired excluding goodwill31,637 
Accruals and other current liabilities(5,778)
Deferred revenues(2,427)
Operating lease liabilities(103)
Deferred income taxes(136)
Total liabilities assumed(8,444)
Net identifiable assets acquired excluding goodwill23,193 
Goodwill120,214 
Net assets acquired$143,407 
The Company is in the process of finalizing the purchase accounting for certain acquisitions completed during the year ended December 31, 2024. The initial accounting for these business combinations is not complete because the evaluation necessary to assess the fair values of certain net assets acquired is still in process. The provisional amounts are subject to revision until the evaluations are completed to the extent that additional information is obtained about the facts and circumstances that existed as of the acquisition date. The allocation of the purchase price may be modified from the date of the acquisition as more information is obtained about the fair values of assets acquired and liabilities assumed, however, such measurement period cannot exceed one year. The primary areas of preliminary purchase price allocation that are not yet finalized relate to tax assets and liabilities, and residual goodwill.