Current report filing

Business Combinations - Skillsoft (Details)

v3.22.2.2
Business Combinations - Skillsoft (Details) - USD ($)
$ in Thousands
 4 Months Ended 8 Months Ended 12 Months Ended
Apr. 04, 2022
Jun. 11, 2021
Jun. 11, 2021
Jan. 31, 2022
Jan. 31, 2022
Apr. 30, 2022
Jul. 31, 2021
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Goodwill       $ 795,811 $ 795,811 $ 1,104,332  
Impact of Adoption              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Goodwill             $ 123,500
Trademarks and trade names              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Life 13 years 9 months 18 days            
Customer relationships              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Life 5 years 9 months 18 days            
SLH              
Business Acquisition [Line Items]              
Cash payments   $ 505,000          
Second Out Term Loan   20,000          
Cash settlement of seller transaction costs and other   1,308          
Total Purchase Price   832,683          
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Cash, cash equivalents and restricted cash   120,273 $ 120,273        
Current assets   119,553 119,553        
Property and equipment   12,457 12,457        
Intangible assets   765,098 765,098        
Long term assets   18,629 18,629        
Total assets acquired   1,036,010 1,036,010        
Current liabilities   (49,406) (49,406)        
Debt, including accounts receivable facility   (552,977) (552,977)        
Deferred revenue   (237,347) (237,347)        
Deferred and other tax liabilities   (83,779) (83,779)        
Long term liabilities   (18,324) (18,324)        
Total liabilities assumed   (941,833) (941,833)        
Net assets acquired   94,177 94,177        
Goodwill   738,506 738,506        
Total purchase price   832,683 832,683        
Intangible assets   765,098 765,098        
Acquisition related expenses     4,300 $ 5,500 $ 9,800    
SLH | As Previously Reported              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Cash, cash equivalents and restricted cash   120,273 120,273        
Current assets   118,847 118,847        
Property and equipment   10,825 10,825        
Intangible assets   769,799 769,799        
Long term assets   18,629 18,629        
Total assets acquired   1,038,373 1,038,373        
Current liabilities   (49,056) (49,056)        
Debt, including accounts receivable facility   (552,977) (552,977)        
Deferred revenue   (123,300) (123,300)        
Deferred and other tax liabilities   (99,699) (99,699)        
Long term liabilities   (18,325) (18,325)        
Total liabilities assumed   (843,357) (843,357)        
Net assets acquired   195,016 195,016        
Goodwill   637,667 637,667        
Total purchase price   832,683 832,683        
Intangible assets   769,799 769,799        
SLH | Impact of Adoption              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Current assets   706 706        
Property and equipment   1,632 1,632        
Intangible assets   (4,701) (4,701)        
Total assets acquired   (2,363) (2,363)        
Current liabilities   (350) (350)        
Deferred revenue   (114,047) (114,047)        
Deferred and other tax liabilities   15,920 15,920        
Long term liabilities   1 1        
Total liabilities assumed   (98,476) (98,476)        
Net assets acquired   (100,839) (100,839)        
Goodwill   100,839 100,839        
Intangible assets   (4,701) (4,701)        
SLH | Trademarks and trade names              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Indefinite lived intangible assets   84,700 84,700        
Finite lived intangible assets   $ 5,800 5,800        
Life   9 years 7 months 6 days          
SLH | Courseware              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Finite lived intangible assets   $ 186,600 186,600        
Life   5 years          
SLH | Proprietary delivery and development software              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Finite lived intangible assets   $ 114,598 114,598        
SLH | Proprietary delivery and development software | Minimum              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Life   2 years 6 months          
SLH | Proprietary delivery and development software | Maximum              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Life   7 years 7 months 6 days          
SLH | Publishing rights              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Finite lived intangible assets   $ 41,100 41,100        
Life   5 years          
SLH | Customer relationships              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Finite lived intangible assets   $ 271,400 271,400        
Life   12 years 7 months 6 days          
SLH | Backlog              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]              
Finite lived intangible assets   $ 60,900 $ 60,900        
Life   4 years 7 months 6 days          
SLH | Class A Common Stock              
Business Acquisition [Line Items]              
Common Stock   $ 258,000          
SLH | Class B Common Stock              
Business Acquisition [Line Items]              
Common Stock   $ 48,375