BUSINESS COMBINATIONS |
6 Months Ended |
|---|---|
Jun. 30, 2024 | |
| Business Combinations [Abstract] | |
| BUSINESS COMBINATIONS | BUSINESS COMBINATIONS AND DIVESTITURES Our historical acquisitions were accounted for as business combinations and the total purchase consideration of each was allocated to the net tangible and intangible assets and liabilities acquired based on their fair values on the acquisition dates with the remaining amounts recorded as goodwill. During the six months ended June 30, 2024 and 2023 we realized an expense of $0.2 million and a gain of $9.9 million, respectively, primarily in connection with our acquisition of Bridg due to the changes in the estimated brokerage fees and transaction bonuses and accounting for all true-ups and credits related to the acquisition of Bridg. Divestitures On December 7, 2023, we sold and transferred substantially all of the assets of Entertainment, for $6.0 million in cash, subject to a combined $1.1 million held in escrow for indemnities and sales and use taxes, as well as customary post-closing adjustment. During the three months ended June 30, 2024, we received $0.2 million of cash from the escrow and recorded a $0.1 million divestiture expense associated with the net working capital adjustment.
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