| Schedule of estimated fair value of the assets acquired and liabilities assumed for business combinations |
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Weighted Average Useful Life (in years) |
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V12 Data |
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HOA |
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Rynoh |
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AHP |
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Other Acquisitions |
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Total |
Purchase consideration: |
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Cash |
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$ |
20,346 |
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$ |
82,355 |
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$ |
32,302 |
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$ |
43,750 |
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$ |
25,321 |
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$ |
204,074 |
Issuance of common stock |
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— |
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21,687 |
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— |
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— |
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3,106 |
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24,793 |
Payable |
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— |
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3,014 |
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3,500 |
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2,500 |
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— |
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9,014 |
Contingent consideration - equity-classified |
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— |
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6,685 |
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— |
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— |
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— |
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6,685 |
Contingent consideration - liability-classified |
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1,410 |
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— |
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— |
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— |
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|
327 |
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|
1,737 |
Total purchase consideration: |
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$ |
21,756 |
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$ |
113,741 |
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$ |
35,802 |
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$ |
46,250 |
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$ |
28,754 |
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$ |
246,303 |
Assets: |
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Cash, cash equivalents and restricted cash |
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$ |
1,035 |
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$ |
17,766 |
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$ |
408 |
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$ |
5,078 |
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$ |
1,106 |
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$ |
25,393 |
Current assets |
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4,939 |
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235,669 |
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|
932 |
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9,761 |
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1,579 |
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|
252,880 |
Property and equipment |
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|
996 |
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2,267 |
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334 |
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17 |
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|
80 |
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3,694 |
Intangible assets: |
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Customer relationships |
10.0 |
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1,650 |
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16,700 |
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|
12,700 |
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— |
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8,900 |
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|
39,950 |
Acquired technology |
5.0 |
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3,525 |
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— |
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2,900 |
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— |
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|
970 |
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|
7,395 |
Trademarks and tradenames |
11.0 |
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1,225 |
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12,200 |
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900 |
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|
700 |
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5,160 |
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20,185 |
Non-competition agreements |
2.0 |
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40 |
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— |
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90 |
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— |
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55 |
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|
185 |
Value of business acquired |
1.0 |
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— |
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400 |
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— |
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— |
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— |
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|
400 |
Renewal rights |
8.0 |
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— |
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7,692 |
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— |
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2,042 |
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— |
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|
9,734 |
Insurance licenses |
Indefinite |
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— |
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4,960 |
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— |
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— |
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— |
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|
4,960 |
Goodwill |
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16,760 |
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|
47,361 |
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21,952 |
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43,095 |
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13,582 |
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|
142,750 |
Other non-current assets |
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— |
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55,165 |
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— |
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25 |
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|
1,000 |
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56,190 |
Total assets acquired |
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30,170 |
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400,180 |
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40,216 |
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60,718 |
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32,432 |
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|
563,716 |
Current liabilities |
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(6,388) |
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(273,759) |
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(409) |
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(14,389) |
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(2,252) |
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(297,197) |
Long term liabilities |
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(2,026) |
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(8,913) |
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— |
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(79) |
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(1,000) |
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(12,018) |
Deferred tax liabilities, net |
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— |
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(3,767) |
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(4,005) |
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— |
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(426) |
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(8,198) |
Net assets acquired |
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$ |
21,756 |
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$ |
113,741 |
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$ |
35,802 |
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$ |
46,250 |
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$ |
28,754 |
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$ |
246,303 |
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