Climb Global Solutions Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Business Acquisition [Line Items]

Summary of pro forma results


		Year ended December 31,
		2020			2019
Net sales		$	279,723		$	246,836
Net income		$	5,250		$	8,336

Interwork Group, Inc.

Business Acquisition [Line Items]

Summary of purchase price allocations


(in thousands)
Cash		$	1,009
Trade accounts receivable			9,534
Other current assets			628
Intangible assets
Vendor relationships (14-year weighted average useful life)			3,797
Non-compete (1-year useful life)			8
Goodwill			3,857
Other assets			117
Accounts payable and other current liabilities			(15,051)
Deferred income tax liabilities			(389)
Taxes payable			(600)
Net assets		$	2,910

Summary of supplementary information related to acquisition


(in thousands)
Supplementary information:
Cash paid to sellers		$	2,150
Contingent earn-out			760
Total purchase consideration		$	2,910

Cash paid to sellers			2,150
Cash acquired in acquisition			(1,009)
Net cash paid for acquisition		$	1,141

CDF Group Limited

Business Acquisition [Line Items]

Summary of purchase price allocations


(in thousands)
Cash		$	8,463
Trade accounts receivable			8,093
Other current assets			260
Equipment and leasehold improvements, net			1,367
Intangible assets
Customer relationships (13-year useful life)			6,357
Trademarks (15-year useful life)			504
Non-compete (1-year useful life)			42
Goodwill			12,774
Other assets			375
Accounts payable and other current liabilities			(12,364)
Deferred income tax liabilities			(1,461)
Other liabilities			(306)
Net assets		$	24,104

Summary of supplementary information related to acquisition


(in thousands)
Supplementary information:
Cash paid to sellers		$	24,104
Cash acquired in acquisition			(8,463)
Net cash paid for acquisition		$	15,641