Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.20.2
Acquisition (Tables)
 9 Months Ended
Sep. 30, 2020
Acquisition  
Summary of purchase price allocations

 

 

 

 

(in thousands)

 

 

 

Cash

 

$

1,009

Trade accounts receivable

 

 

9,534

Other current assets

 

 

628

Intangible assets

 

 

 

Vendor relationships (14-year weighted average useful life)

 

 

3,797

Non-compete (1-year useful life)

 

 

 8

Goodwill

 

 

3,857

Other assets

 

 

117

Accounts payable and other current liabilities

 

 

(15,051)

Deferred income tax liabilities

 

 

(389)

Taxes payable

 

 

(600)

Net assets

 

$

2,910

 

Summary of supplementary information related to acquisition

 

 

 

 

(in thousands)

 

 

 

Supplementary information:

 

 

 

Cash paid to sellers

 

$

2,150

Contingent earn-out

 

 

760

Total purchase consideration

 

$

2,910

 

 

 

 

Cash paid to sellers

 

 

2,150

Cash acquired in acquisition

 

 

(1,009)

Net cash paid for acquisition

 

$

1,141