Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.22.2.2
Acquisition (Tables)
9 Months Ended
Sep. 30, 2022
Acquisition  
Summary of purchase price allocations

(in thousands)

Cash

$

3,325

Trade accounts receivable

1,852

Other current assets

367

Vendor relationships (10.4-year weighted average useful life)

11,702

Goodwill

3,422

Accounts payable and other current liabilities

(3,977)

Deferred income tax liabilities

(2,892)

Net assets

$

13,799

Summary of supplementary information related to acquisition

(in thousands)

Supplementary information:

Cash paid to sellers

$

11,835

Contingent earn-out

1,964

Total purchase consideration

$

13,799

Cash paid to sellers

11,835

Cash acquired in acquisition

(3,325)

Net cash paid for acquisition

$

8,510