| Schedule of total consideration paid and recognized amounts of identifiable assets acquired |
|
|
Total Consideration |
|
Amount
(in millions) |
|
|
Cash |
|
$ |
13.4 |
|
|
Note payable |
|
2.6 |
|
|
Fair value of non-competition agreement |
|
0.4 |
|
|
Total fair value of consideration transferred |
|
$ |
16.4 |
|
Recognized amounts of identifiable assets acquired
|
|
|
Amount
(in millions) |
|
Weighted
Average
Amortization
Period |
|
|
Accounts receivable |
|
$ |
8.9 |
|
— |
|
|
Inventory |
|
4.6 |
|
— |
|
|
Property and equipment |
|
1.8 |
|
5 years |
|
|
Identifiable intangible assets: |
|
|
|
|
|
|
Non-competition agreement |
|
0.5 |
|
5 years |
|
|
Customer relationships |
|
0.5 |
|
8 years |
|
|
Liabilities |
|
(0.1 |
) |
|
|
|
Total identifiable net assets |
|
16.2 |
|
|
|
|
Goodwill |
|
0.2 |
|
|
|
|
Total identifiable assets and goodwill |
|
$ |
16.4 |
|
|
| |
|