Annual report pursuant to Section 13 and 15(d)

Business Combinations (Tables)

v3.24.0.1
Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Consideration Paid and Assets and Liabilities Acquired The following table summarizes the purchase consideration.
Preliminary Allocation
Final Determination
As of
July 3, 2023
Fair Value Adjustments
 As of
July 3, 2023
(in thousands)
Consideration transferred, net of cash acquired (1)
$ 23,903  $ —  $ 23,903 
Estimated fair value of noncontrolling interest 17,647  57  17,704 
Total consideration $ 41,550  $ 57  $ 41,607 
(1)Consideration transferred includes a one-year $2.3 million cash holdback.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table presents the allocation of the fair value of consideration transferred:
Preliminary Allocation
Final Determination
As of
July 3, 2023
Fair Value Adjustments
 As of
July 3, 2023
(in thousands)
Current assets $ 1,742  $ —  $ 1,742 
Other non-current assets 470  —  470 
Intangible assets 24,100  (700) 23,400 
Goodwill 22,669  578 23,247 
Total assets acquired 48,981  (122) 48,859 
Accounts payable and accrued liabilities 814  —  814 
Long-term deferred tax liabilities 6,333  (179) 6,154 
Other non-current liabilities 284  —  284 
Total liabilities assumed 7,431  (179) 7,252 
Net assets acquired $ 41,550  $ 57  $ 41,607 
Schedule of Identifiable Intangible Assets Acquired
Identifiable intangible assets acquired in the DTIS Acquisition and their useful lives consist of the following:
Preliminary Allocation
Final Determination
Useful Lives
 As of
July 3, 2023
Fair Value Adjustments
 As of
July 3, 2023
(in thousands)
Biometric screening platform 12.5 years $ 23,700  $ (700) $ 23,000 
Trade names 8.5 years 400  —  400 
Total $ 24,100  $ (700) $ 23,400