Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.19.3
Acquisitions (Tables)
9 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]  
Summary of Preliminary Purchase Price Allocation for Acquisition

The following table summarizes the preliminary purchase price allocation for the acquisition of New Aera:

 

Cash

 

$

122

 

Inventories

 

 

140

 

Other current assets

 

 

8

 

Property and equipment

 

 

224

 

Goodwill

 

 

31,124

 

Intangible assets

 

 

77,700

 

Total assets acquired

 

$

109,318

 

 

 

 

 

 

Deferred tax liability - noncurrent

 

$

13,046

 

Earnout liability - noncurrent

 

 

25,749

 

Total liabilities assumed

 

 

38,795

 

Total purchase price

 

$

70,523

 

Summary of Unaudited Pro Forma Information

The consolidated financial and operating results reflect the New Aera operations beginning August 9, 2019. The following unaudited pro forma information for the three and nine months ended September 30, 2019 and the three and nine months ended September 30, 2018 presents the revenues and operating income assuming the acquisition of New Aera had occurred as of January 1, 2018.

 

 

 

Three months ended

 

 

Nine months ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Total revenue

 

$

91,756

 

 

$

95,293

 

 

$

283,036

 

 

$

271,602

 

Net income

 

$

5,108

 

 

$

15,843

 

 

$

18,784

 

 

$

39,873