Annual report pursuant to Section 13 and 15(d)

Subsequent Event

v3.22.4
Subsequent Event
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Subsequent Event Subsequent Events On January 3, 2023, the Company acquired the Playbook365 business for $6 million of cash paid at closing and contingent consideration of up to $24 million based on the achievement of certain financial and operational metrics. Playbook365 is a youth and amateur sports management platform. This platform will integrate with ARN’s event lodging management platform to create an all-in-one solution in the youth sports market. This acquisition was made to broaden the products and services offered by ARN. The Company is currently in the process of determining the initial purchase accounting for this transaction and expects to complete the preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed by the end of 2023. This business will be included within the Travel and Membership segment.