Acquisitions (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the Company’s preliminary estimates of the fair values of the assets acquired and the liabilities assumed on the date the Company completed the Acquisition of ARI, as previously reported as of year-end 2017 and June 30, 2018:

	Amortization ‎ life ‎ (in months)			As previously reported	Adjustments (1)			As Adjusted (in ‎ thousands)
Accounts receivable			$	14,668	$			$	14,668
Other assets				734					734
Inventories				103,876		1,661			105,537
Property and equipment				24,179					24,179
Customer relationships		144		29,660					29,660
Above-market leases		153		567					567
Goodwill				48,609		(1,661	)		46,948
Total assets acquired			$	222,293	$	-		$	222,293

Accounts payable and accrued expenses			$	3,210	$			$	3,210
Other current liabilities				10,114					10,114
Total liabilities assumed			$	13,324	$	-		$	13,324

Total purchase price			$	208,969	$	-		$	208,969

(1)

The Company obtained further information regarding the fair value of acquired inventory based on information that exists as of the acquisition date.