v3.23.2
Business Combinations (Tables)
 6 Months Ended
Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Acquisition Date Fair Value of Consideration Transferred
The acquisition date fair value of the total consideration transferred was comprised of the following (in millions):
Preliminary Fair Value at Acquisition DateMeasurement Period AdjustmentsAdjusted Fair Value at Acquisition Date
Cash$150.5 $0.1 $150.6 
Conversion of Note Receivable10.0 — 10.0 
Total purchase consideration$160.5 $0.1 $160.6 
Schedule of Fair Values of Assets Acquired and Liabilities Assumed
The following table summarizes the aggregate fair values of the assets acquired and liabilities assumed, as of the dates of the acquisition for the 2022 Acquired Companies (in millions):
Preliminary Fair Value at Acquisition DateMeasurement Period AdjustmentsAdjusted Fair Value at Acquisition Date
Cash and cash equivalents$14.8 $— $14.8 
Accounts receivable2.3 — 2.3 
Prepaid expenses and other assets0.3 0.7 1.0 
Intangible assets34.8 — 34.8 
Accounts payable and other liabilities(0.9)(0.4)(1.3)
Unearned revenue(6.8)— (6.8)
Deferred tax liabilities(6.5)2.9 (3.6)
Total identifiable net assets acquired38.0 3.2 41.2 
Goodwill122.5 (3.1)119.4 
Total consideration160.5 0.1 160.6 
Cash acquired(14.8)— (14.8)
Cash paid for acquisitions, net of cash acquired$145.7 $0.1 $145.8 
Cash paid (refunds received) for 2021 acquisitions in 2022 (see "2021 Acquisitions")(2.1)
Total cash paid for acquisitions in 2022$143.7 
Schedule of Components Identifiable Indefinite-Lived Intangible Assets Acquired
The following table sets forth the components of identifiable intangible assets acquired and the estimated useful lives as of the dates of acquisition (in millions):
Preliminary Fair Value at Acquisition DateMeasurement Period AdjustmentsAdjusted Fair Value at Acquisition DateWeighted Average Useful Life
Existing Technology$27.6 $— $27.6 5.8 years
Customer Relationships3.4 — 3.4 9.0 years
Trade name / Trademarks3.8 — 3.8 8.0 years
Total intangible assets$34.8 $— $34.8