|
The preliminary purchase price allocation is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
Receivables |
|
$ |
7,383 |
|
| Inventories |
|
31,112 |
|
| Prepaid expenses and other current assets |
|
515 |
|
| Property and equipment |
|
2,527 |
|
| Intangibles - customer related |
|
21,950 |
|
| Goodwill |
|
55,012 |
|
| Operating lease right-of-use-assets |
|
6,680 |
|
Total assets acquired |
|
125,179 |
|
| Accounts payable |
|
(10,128) |
|
| Accrued expenses and other current liabilities |
|
(5,793) |
|
Long-term operating lease obligations |
|
(5,937) |
|
Deferred tax liabilities |
|
(3,638) |
|
Total liabilities assumed |
|
(25,496) |
|
| Net assets acquired, excluding cash |
|
$ |
99,683 |
|
|
|
|
Cash consideration, net of cash acquired |
|
$ |
101,870 |
|
Estimated post-close adjustment |
|
(2,187) |
|
Total |
|
$ |
99,683 |
|
The adjusted preliminary purchase price allocation is as follows (in thousands):
|
|
|
|
|
|
|
|
|
Other current assets (a)
|
|
$ |
12,000 |
|
Property and equipment |
|
2,714 |
|
Intangible assets |
|
16,200 |
|
Goodwill |
|
74,086 |
|
Total assets acquired |
|
$ |
105,000 |
|
|
|
|
Cash consideration |
|
$ |
105,000 |
|
Total consideration |
|
$ |
105,000 |
|
(a) Represents prepaid inventory consisting of finished goods acquired but not in our physical possession as of the acquisition date. |
|