| Summary of Consideration Paid and Amount of Assets Acquired and Liabilities Assumed |
The following tables summarize the updated purchase price allocation:
|
|
|
|
|
|
|
|
|
|
|
|
|
As Initially Reported |
|
|
Measurement Period Adjustment |
|
|
As Revised |
|
|
(in thousands) |
|
Considerations |
|
|
|
|
|
|
|
|
Cash paid |
$ |
56,111 |
|
|
$ |
— |
|
|
$ |
56,111 |
|
Considerations not paid yet (in accrued liabilities) |
|
141 |
|
|
|
146 |
|
|
$ |
287 |
|
Total considerations |
$ |
56,252 |
|
|
$ |
146 |
|
|
$ |
56,398 |
|
|
|
|
|
|
|
|
|
|
Recognized amounts of identifiable assets acquired and liabilities assumed |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
544 |
|
|
$ |
— |
|
|
$ |
544 |
|
Trade accounts receivable |
|
2,090 |
|
|
|
— |
|
|
$ |
2,090 |
|
Inventory |
|
1,561 |
|
|
|
— |
|
|
$ |
1,561 |
|
Prepaid expenses |
|
2,353 |
|
|
|
— |
|
|
$ |
2,353 |
|
Fixed assets |
|
1,459 |
|
|
|
— |
|
|
$ |
1,459 |
|
ROU assets - operating |
|
2,839 |
|
|
|
— |
|
|
$ |
2,839 |
|
Other long-term assets |
|
25 |
|
|
|
— |
|
|
$ |
25 |
|
Identifiable intangible assets |
|
22,700 |
|
|
|
— |
|
|
$ |
22,700 |
|
Accounts payable |
|
(1,952 |
) |
|
|
— |
|
|
$ |
(1,952 |
) |
Accrued liabilities |
|
(2,741 |
) |
|
|
16 |
|
|
$ |
(2,725 |
) |
Operating lease liabilities |
|
(2,839 |
) |
|
|
— |
|
|
$ |
(2,839 |
) |
Deferred tax liabilities |
|
(1,166 |
) |
|
|
— |
|
|
$ |
(1,166 |
) |
Recognized amounts of identifiable assets acquired and liabilities assumed, net |
|
24,873 |
|
|
|
16 |
|
|
|
24,889 |
|
Goodwill |
|
31,379 |
|
|
|
130 |
|
|
$ |
31,509 |
|
Total |
$ |
56,252 |
|
|
$ |
146 |
|
|
$ |
56,398 |
|
|
| Summary of Consideration Paid and Amount of Assets Acquired and Liabilities Assumed |
The following table summarizes the updated and finalized purchase price allocation:
|
|
|
|
|
|
|
|
|
|
|
|
|
As Initially Reported |
|
|
Measurement Period Adjustment |
|
|
As Revised |
|
|
(in thousands) |
|
Considerations |
|
|
|
|
|
|
|
|
Cash paid |
$ |
14,322 |
|
|
|
— |
|
|
$ |
14,322 |
|
Cash held back |
|
1,887 |
|
|
|
— |
|
|
|
1,887 |
|
Settlement of pre-existing accounts payable |
|
(290 |
) |
|
|
— |
|
|
|
(290 |
) |
Contingent consideration |
|
5,731 |
|
|
|
— |
|
|
|
5,731 |
|
Total considerations |
$ |
21,650 |
|
|
$ |
— |
|
|
$ |
21,650 |
|
|
|
|
|
|
|
|
|
|
Recognized amounts of identifiable assets acquired and liabilities assumed |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
18,097 |
|
|
|
— |
|
|
$ |
18,097 |
|
Trade accounts receivable |
|
7 |
|
|
|
— |
|
|
|
7 |
|
Other current assets |
|
97 |
|
|
|
— |
|
|
|
97 |
|
ROU assets - operating |
|
612 |
|
|
|
— |
|
|
|
612 |
|
Other long-term assets |
|
15 |
|
|
|
— |
|
|
|
15 |
|
Identifiable intangible assets |
|
6,200 |
|
|
|
— |
|
|
|
6,200 |
|
Accounts payable |
|
(75 |
) |
|
|
— |
|
|
|
(75 |
) |
Accrued liabilities |
|
(591 |
) |
|
|
— |
|
|
|
(591 |
) |
Operating lease liabilities |
|
(612 |
) |
|
|
— |
|
|
|
(612 |
) |
Income tax payable |
|
(1,562 |
) |
|
|
— |
|
|
|
(1,562 |
) |
Other long-term liabilities |
|
(3,563 |
) |
|
|
2,728 |
|
|
|
(835 |
) |
Recognized amounts of identifiable assets acquired and liabilities assumed, net |
|
18,625 |
|
|
|
2,728 |
|
|
|
21,353 |
|
Goodwill |
|
3,025 |
|
|
|
(2,728 |
) |
|
|
297 |
|
Total |
$ |
21,650 |
|
|
$ |
— |
|
|
$ |
21,650 |
|
|