v3.25.0.1
Business Acquisition (Tables)
 12 Months Ended
Dec. 31, 2024
VDC Holdco, LLC [Member]  
Business Acquisition [Line Items]  
Schedule of Estimated Fair Values of the Assets Acquired and Liabilities Assumed

The following table summarizes the final allocation (described in further detail below) of the purchase price amongst Vegas.com’s tangible and intangible assets and liabilities as of the Vegas.com Acquisition Date (in thousands):

Cash and cash equivalents

 

$

1,868

 

Accounts receivable

 

 

2,469

 

Prepaid expenses and other current assets

 

 

2,175

 

Property and equipment

 

 

264

 

Intangible assets

 

 

130,549

 

Goodwill

 

 

185,276

 

Right-of-use assets

 

 

779

 

Other assets

 

 

449

 

Accounts payable

 

 

(34,589

)

Accrued expenses and other current liabilities

 

 

(11,291

)

Deferred revenue

 

 

(1,864

)

Long-term lease liabilities

 

 

(69

)

Deferred tax liability

 

 

(27,721

)

Purchase price

 

$

248,295

 
Schedule of Components of Intangible Assets Acquired

The following table sets forth the components of identifiable intangible assets acquired (in thousands) and their estimated useful lives (in years) as of the Vegas.com Acquisition Date:

 

 

Cost

 

 

Estimated Useful Life

Trade name

 

$

43,669

 

 

Indefinite

Supplier relationships

 

 

37,160

 

 

4 years

Customer relationships

 

 

27,590

 

 

3 years

Acquired developed technology

 

 

22,130

 

 

4 years

Acquired intangible assets

 

$

130,549

 

 

 
Schedule of Unaudited Pro forma Financial Information

The following table summarizes, on an unaudited pro forma basis, the condensed consolidated results of our operations for the years ended December 31, 2023 and 2022, assuming the Vegas.com Acquisition had occurred on January 1, 2022 (in thousands):

 

 

Years Ended December 31,

 

 

 

2023

 

 

2022

 

Revenues

 

$

797,879

 

 

$

688,629

 

Income before income taxes

 

 

79,007

 

 

 

74,026

 
WD Holdings Co. [Member]  
Business Acquisition [Line Items]  
Schedule of Estimated Fair Values of the Assets Acquired and Liabilities Assumed

The following table summarizes the final allocation (described in further detail below) of the purchase price amongst Wavedash’s tangible and intangible assets and liabilities as of the Wavedash Acquisition Date (in thousands):

Cash and cash equivalents

 

$

18,390

 

Accounts receivable

 

 

2,182

 

Inventory

 

 

49

 

Prepaid expenses and other current assets

 

 

259

 

Property and equipment

 

 

67

 

Right-of-use assets

 

 

1,927

 

Other assets

 

 

675

 

Intangible assets

 

 

31,846

 

Goodwill

 

 

45,351

 

Accounts payable

 

 

(7,427

)

Accrued expenses and other current liabilities

 

 

(3,901

)

Current maturities of long-term debt

 

 

(566

)

Long-term debt

 

 

(2,546

)

Other liabilities

 

 

(11,981

)

Purchase price

 

$

74,325

 
Schedule of Components of Intangible Assets Acquired

The following table sets forth the components of identifiable intangible assets acquired (in thousands) and their estimated useful lives (in years) as of the Wavedash Acquisition Date:

 

 

Cost

 

 

Estimated Useful Life

Trade name

 

$

2,173

 

 

Indefinite

Supplier relationships

 

 

19,963

 

 

5 years

Customer relationships

 

 

5,500

 

 

4 years

Acquired developed technology

 

 

4,210

 

 

3 years

Acquired intangible assets

 

$

31,846