Acquisitions (Tables)

9 Months Ended

Sep. 30, 2020

2020 Acquisition activity, O&P business

Schedule of aggregate purchase price of acquisitions allocated on a preliminary basis

(in thousands)
Cash paid, net of cash acquired	$	16,762
Issuance of seller notes at fair value		21,941
Deferred payment obligation at fair value		3,468
Additional consideration, net		3,975
Aggregate purchase price		46,146
Accounts receivable		3,182
Inventories		2,021
Customer relationships (Weighted average useful life of 5.0 years)		5,600
Non-compete agreements (Weighted average useful life of 5.0 years)		200
Other assets and liabilities, net		(4,301)
Net assets acquired		6,702
Goodwill	$	39,444

2019 Acquisition Activity, prosthetic and orthotic business

Schedule of aggregate purchase price of acquisitions allocated on a preliminary basis

(in thousands)
Cash paid, net of cash acquired	$	35,909
Issuance of seller notes at fair value		7,835
Additional consideration, net(1)		626
Aggregate purchase price		44,370
Accounts receivable		4,128
Inventories		2,081
Customer relationships (Weighted average useful life of 4.7 years)		7,038
Non-compete agreements (Weighted average useful life of 4.9 years)		350
Other assets and liabilities, net		(2,983)
Net assets acquired		10,614
Goodwill	$	33,756

(1) Approximately $0.7 million of additional consideration represents payments made during the third quarter related to certain tax elections with the seller, offset by an immaterial amount of favorable working capital adjustments.