| Schedule of preliminary purchase price allocation |
The following table presents the results of the final purchase price allocation, inclusive of the restatement adjustments (in thousands):
|
|
|
|
|
|
Final Purchase Price Allocation |
|
Assets acquired |
|
|
Cash and cash equivalents |
|
$ |
14,736 |
|
Accounts receivable |
|
|
115,320 |
|
Merchandise inventories |
|
|
336,741 |
|
Textbook rental inventories |
|
|
5,158 |
|
Prepaid expenses and other current assets (including $4.8 million in restricted cash) |
|
|
26,969 |
|
Property and equipment |
|
|
118,818 |
|
Operating lease right-of-use assets |
|
|
186,180 |
|
Intangible assets |
|
|
95,000 |
|
Other assets noncurrent (including $1.0 million in restricted cash) |
|
|
11,796 |
|
Total assets acquired |
|
$ |
910,718 |
|
Liabilities assumed |
|
|
Accounts payable |
|
|
279,456 |
|
Accrued liabilities |
|
|
98,974 |
|
Deferred revenue – current |
|
|
7,651 |
|
Operating lease liabilities – current |
|
|
76,677 |
|
Deferred income taxes – noncurrent |
|
|
4,790 |
|
Operating lease liabilities – noncurrent |
|
|
141,501 |
|
Deferred revenue – noncurrent |
|
|
3,393 |
|
Other long-term liabilities |
|
|
12,413 |
|
Long-term borrowings |
|
|
101,235 |
|
Total liabilities assumed |
|
|
726,090 |
|
Net assets acquired |
|
$ |
184,628 |
|
|
|
|
Total consideration transferred |
|
$ |
50,133 |
|
Less: Net assets acquired |
|
|
(184,628 |
) |
Plus: Noncontrolling interest |
|
|
203,657 |
|
Goodwill |
|
$ |
69,162 |
|
|