Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.20.2
Acquisitions (Tables)
9 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Summary of Purchase Price Allocation for Acquisition

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

 

Cash

 

$

122

 

Inventories

 

 

140

 

Other current assets

 

 

8

 

Property and equipment

 

 

224

 

Goodwill

 

 

30,742

 

Intangible assets

 

 

77,700

 

Total assets acquired

 

$

108,936

 

 

 

 

 

 

Deferred tax liability - noncurrent

 

$

12,664

 

Earnout liability - noncurrent

 

 

25,749

 

Total liabilities assumed

 

 

38,413

 

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 months and nine months ended September 30, 2019 presents the revenue and net income assuming the acquisition of New Aera had occurred as of January 1, 2018.

 

 

 

Three months ended

 

 

Nine months ended

 

 

 

September 30, 2019

 

 

September 30, 2019

 

Total revenue

 

$

91,756

 

 

$

283,036

 

Net income

 

$

5,108

 

 

$

18,784