Business Combination (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Preliminary Allocation of Purchase Consideration to Tangible and Intangible Assets Acquired and Liabilities Assumed

The preliminary allocation of the purchase consideration to tangible and intangible assets acquired and liabilities assumed is based on estimated fair values and is as follows (in thousands):

Assets acquired
Current assets	$	50,829
Restricted cash		1,303
Property and equipment, net		4,503
Intangible assets		70,200
Goodwill		72,733
Operating lease right-of-use assets		24,658
Other long-term assets		235
Total assets acquired		224,461
Liabilities assumed
Current liabilities		(51,428	)
Operating lease liabilities		(24,658	)
Total liabilities assumed		(76,086	)
Total preliminary purchase consideration	$	148,375

Summary of Valuation of Intangible Assets Acquired

The fair value of the intangible assets has been estimated using the income approach in which the after-tax cash flows are discounted to present value. The key valuation assumptions include the Company's estimates of revenue growth projections and discount rates. The valuation of the intangible assets acquired from dataxu along with their estimated useful lives, is as follows (in thousands):

	Estimated Fair Value		Estimated Useful Lives (in years)
Developed technology	$	56,400	6.0
Customer relationships		13,400	4.0
Tradename		400	0.5
Estimated fair value of acquired intangible assets	$	70,200

Schedule of Unaudited Pro Forma Financial Information

The unaudited pro forma financial information was as follows (in thousands):

	For the Year Ended December 31,
	2019			2018
Total Revenues	$	1,218,403		$	884,286
Pretax loss		(87,654	)		(39,919	)
Net loss		(86,791	)		(39,670	)