Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.19.3.a.u2
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Summary of Allocation of Purchase Price for Acquired Identifiable Assets, Liabilities Assumed and Goodwill

The following table shows the allocation of the purchase price for Antenna Plus to the acquired identifiable assets, liabilities assumed and goodwill (in thousands):

 

Consideration:

 

 

 

 

Cash

 

$

6,384

 

Contingent consideration arrangement

 

 

(35

)

Fair value of total consideration transferred

 

$

6,349

 

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

 

 

 

Accounts receivable

 

$

584

 

Inventory

 

 

433

 

Fixed assets

 

 

403

 

Intangible assets

 

 

2,600

 

Current liabilities

 

 

(122

)

Identifiable assets, net

 

 

3,898

 

Goodwill

 

 

2,451

 

Total

 

$

6,349

 

Summary of Gain on Deferred Purchase Price Liability in Settlement of Contingent Arrangement In the year ended December 31, 2018, the Company recognized a gain on deferred purchase price liability in settlement of the contingent arrangement as follows (in thousands)

 

Settlement of contingent consideration:

 

 

 

 

Deferred purchase price

 

$

1,000

 

Due to Skycross

 

 

126

 

Due from Skycross

 

 

(362

)

Less consideration paid

 

 

(375

)

Gain on deferred purchase price

 

$

389