The purchase consideration and preliminary estimated fair value of VIP Petcare’s net assets acquired are shown below (in thousands):


	Preliminary Allocation of the Purchase Price
Fair value of assets acquired
Cash and cash equivalents	$	524
Inventories	4,710
Prepaid expenses and other current assets	4,627
Property and equipment	11,182
Operating lease right-of-use assets	3,910

Identifiable intangible assets	41,200
Total assets acquired	66,153
Less: liabilities assumed
Accounts payable	6,139
Other accrued expenses	9,371
Current portion of operating lease liabilities	1,982
Deferred income taxes	8,855
Operating lease liabilities, less current portion	2,130
Other long-term liabilities	8,169
Total liabilities assumed	36,646
Goodwill	100,856
Total fair value of consideration transferred	$	130,363