Acquisition (Details) - Harvest
$ in Thousands |
Sep. 21, 2018
USD ($)
item
|
| Acquisitions |
|
| Equity interest to be acquired (as a percent) |
100.00%
|
| Cash to be paid at closing |
$ 255,000
|
| The percentage of annual revenue growth assumed to calculate annual earnout targets |
30.00%
|
| Earnout period |
5 years
|
| Advisory contract revenue hurdle for no purchase price adjustment based on consents |
95.00%
|
| Post-closing adjustment period |
90 days
|
| Maximum | RBC and Barclays |
|
| Acquisitions |
|
| Principal amount |
$ 265,000
|
| Class B |
|
| Acquisitions |
|
| Equity consideration to be paid at closing |
15,000
|
| Expected quarterly amount of equity interests to be paid after closing |
$ 30,750
|
| Number of quarterly installments | item |
4
|
| 2021 |
|
| Acquisitions |
|
| The maximum future annual earnout payments |
$ 100,000
|
| Minimum annual net revenue required to achieve an earnout |
51,000
|
| The minimum annual net revenue required to achieve the maximum earnout |
112,000
|
| 2022 |
|
| Acquisitions |
|
| The maximum future annual earnout payments |
100,000
|
| Minimum annual net revenue required to achieve an earnout |
51,000
|
| The minimum annual net revenue required to achieve the maximum earnout |
145,700
|
| 2023 |
|
| Acquisitions |
|
| The maximum future annual earnout payments |
100,000
|
| Minimum annual net revenue required to achieve an earnout |
51,000
|
| The minimum annual net revenue required to achieve the maximum earnout |
$ 189,400
|