Business Combinations (Tables) - Worthington Aviation Parts, Inc

9 Months Ended

Dec. 31, 2019

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

Total consideration is summarized in the table below (in thousands):

Earnest money	$	50
Cash consideration	3,300
Cash acquired	(24)
Total consideration	$	3,326

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table outlines the consideration transferred and purchase price allocation at the respective estimated fair values as of May 4, 2018 (in thousands):

	May 4, 2018
ASSETS
Accounts receivable	$	1,929
Inventories	4,564
Other current assets	150
Property and equipment	392
Other assets	189
Intangible assets - tradename	138
Total assets	7,362
LIABILITIES
Accounts payable	1,289
Accrued expenses	175
Deferred tax liability	589
Total liabilities	2,053
Net assets acquired	5,309
Consideration paid	3,350
Less: Cash acquired	(24)
Bargain purchase gain	$	1,983