Annual report pursuant to Section 13 and 15(d)

Acquisition (Tables)

v3.24.0.1
Acquisition (Tables)
12 Months Ended
Dec. 31, 2023
Acquisition  
Summary of purchase price allocations

(in thousands)

Cash

$

3,190

Accounts receivable

32,503

Inventory

2,460

Other current assets

99

Equipment and leasehold improvements

800

Vendor relationships (10-year weighted average useful life)

8,269

Goodwill

7,143

Accounts payable and other current liabilities

(34,793)

Deferred tax liability

(1,576)

Net assets

$

18,095

Summary of supplementary information related to acquisition

(in thousands)

Supplementary information:

Cash paid to sellers

$

15,868

Contingent earn-out

2,227

Total purchase consideration

$

18,095

Cash paid to sellers

15,868

Cash acquired in acquisition

(3,190)

Net cash paid for acquisition

$

12,678