Annual report pursuant to Section 13 and 15(d)

Business Combinations (Tables)

v3.22.1
Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Asset Acquisition, Contingent Consideration The following table summarizes the consideration paid and the assets and liabilities acquired.
October 1, 2019
(in thousands)
Cash paid $ 9,630 
Contingent consideration and holdback 2,284 
Consideration transferred $ 11,914 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table presents the allocation of the fair value of consideration transferred:
October 1, 2019
(in thousands)
Cash and cash equivalents $ 2,172 
Accounts receivable 881 
Other assets 16 
Property and equipment 64 
Intangible assets - customer relationships 4,748 
Goodwill 5,950 
Total assets acquired 13,831 
Accounts payable and accrued expenses 506 
Deferred tax liabilities 1,411 
Total liabilities assumed 1,917 
Total $ 11,914