Acquisitions (Tables)

9 Months Ended

Sep. 30, 2021

Business Combination and Asset Acquisition [Abstract]

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

The aggregate purchase price of these acquisitions were allocated on a preliminary basis as follows:

(in thousands)
Cash paid, net of cash acquired	$	39,104
Issuance of Seller Notes at fair value	10,442
Additional consideration, net	1,892
Aggregate purchase price	51,438
Accounts receivable	2,609
Inventories	1,957
Customer relationships (Weighted average useful life of 5.0 years)	5,505
Non-compete agreements (Weighted average useful life of 5.0 years)	62
Other assets and liabilities, net	(3,915)
Net assets acquired	6,218
Goodwill	$	45,220

The aggregate purchase price of these acquisitions were allocated on a preliminary basis as follows:

(in thousands)
Cash paid, net of cash acquired	$	21,709
Issuance of Seller Notes at fair value	23,766
Deferred payment obligation at fair value	3,468
Additional consideration, net	4,319
Aggregate purchase price	53,262
Accounts receivable	4,224
Inventories	2,276
Customer relationships (Weighted average useful life of 5.0 years)	6,358
Non-compete agreements (Weighted average useful life of 5.0 years)	200
Other assets and liabilities, net	(4,561)
Net assets acquired	8,497
Goodwill	$	44,765