Summary of Purchase Price Allocation |
We based the purchase price allocations on fair values at the dates of acquisition, and summarize them in the following table: | | | | | | (Amounts in thousands) | | Retail Segment Acquisitions | Fair value of consideration: | | | Cash | | $ | 38,904 |
| Forgiveness of accounts receivable | | 2,610 |
| Guaranteed future payments | | 1,300 |
| Total fair value of consideration | | 42,814 |
| | | | Amounts recognized for assets acquired and liabilities assumed: | | | Inventory | | 10,491 |
| Other current assets | | 4,194 |
| Property, plant and equipment | | 929 |
| Indefinite-lived reacquired rights | | 6,600 |
| Other long-term assets | | 183 |
| Customer deposits | | (6,515 | ) | Other current liabilities | | (5,055 | ) | Total identifiable net assets acquired | | 10,827 |
| | | | Goodwill | | $ | 31,987 |
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The following table summarizes the purchase price allocation for Joybird at the date of acquisition: | | | | | | (Amounts in thousands) | | Joybird Acquisition | Fair value of consideration: | | | Cash (paid at closing) | | $ | 37,482 |
| Guaranteed payment | | 22,489 |
| Acquisition earn-out | | 7,500 |
| Assumption of liability | | 5,000 |
| Working capital adjustment | | (2,486 | ) | Total fair value of consideration | | 69,985 |
| | | | Amounts recognized for assets acquired and liabilities assumed: | | | Inventory | | 5,258 |
| Other current assets | | 3,733 |
| Property, plant and equipment | | 2,057 |
| Finite-lived tradename | | 6,400 |
| Other long-term assets | | 3,647 |
| Accounts payable | | (8,222 | ) | Customer deposits | | (17,365 | ) | Other current liabilities | | (7,681 | ) | Other long-term liabilities | | (150 | ) | Total identifiable net liabilities acquired | | (12,323 | ) | | | | Goodwill | | $ | 82,308 |
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