Acquisitions (Tables)

9 Months Ended

Sep. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Summary of Acquisition Accounting

The following table summarizes the preliminary acquisition accounting for ALE (in thousands):

Current assets	$	144,584
Long term assets	9,582
Goodwill	142,848
Intangibles	174,592
Current liabilities	(36,657)
Noncurrent liabilities	(8,479)
Aggregate purchase price	$	426,470

The following table summarizes the preliminary acquisition accounting for AFEX (in thousands):

Trade and other receivables	$	8,159
Prepaid expenses and other current assets	108,402
Property, plant and equipment	1,723
Other long term assets	50,912
Goodwill	254,664
Intangibles	242,100
Accounts payable and accrued expenses	(39,272)
Other current liabilities	(81,430)
Customer deposits	(375,049)
Other noncurrent liabilities	(100,265)
Aggregate purchase price	$	69,944

The following table summarizes the preliminary acquisition accounting for Roger (in thousands):

Accounts and other receivables	$	110
Prepaid expenses and other current assets	37
Other assets	28
Goodwill	35,676
Other intangibles	5,400
Current liabilities	(925)
Deferred income taxes	(1,323)
Aggregate purchase price	$	39,003

The following table summarizes the acquisition accounting (in thousands):

Accounts and other receivables	$	4,975
Prepaid expenses and other current assets	145
Property and equipment	3,178
Other assets	1,049
Goodwill	28,038
Other intangibles	42,144
Current liabilities	(1,147)
Deferred income taxes	(782)
Aggregate purchase price	$	77,600

Summary of Preliminary Estimated Fair Value of Intangible Assets Acquired and the Related Estimated Useful Lives

The estimated fair value of intangible assets acquired and the related estimated useful lives consisted of the following (in thousands):

	Useful Lives (in Years)	Value
Trade Name and Trademarks	2	$	5,400
Licensed Software and Technology	20	2,600
Proprietary Technology	4	11,800
Supplier Network	20	1,800
Customer Relationships	10	220,500
		$	242,100

The estimated fair value of intangible assets acquired and the related estimated useful lives consisted of the following (in thousands):

	Useful Lives (in Years)	Value
Proprietary Technology	10	$	4,800
Customer Relationships	9	600
		$	5,400

The fair value of intangible assets acquired and the related estimated useful lives consisted of the following (in thousands):

	Useful Lives (in Years)	Value
Trade Name and Trademarks	5	$	2,161
Licensed Software and Technology	10	4,400
Proprietary Technology	5	8,400
Supplier Network	10	783
Customer Relationships	16	26,400
		$	42,144