Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Eagle Alcohol (Tables)

v3.22.2
Acquisition of Eagle Alcohol (Tables)
 6 Months Ended
Jun. 30, 2022
Acquisition of Eagle Alcohol [Abstract]  
Schedule of pro forma combined financial information assuming the acquisition occurred
    Three Months Ended
June 30,		  
    2022     2021  
       
Revenues – pro forma   $ 362,189     $ 303,640  
Net income available to common stockholders – pro forma   $ 21,516     $ 7,322  
Diluted net income per share – pro forma   $ 0.29     $ 0.10  
Diluted shares     74,072       72,878  

 

    Six Months Ended
June 30,		  
    2022     2021  
       
Revenues – pro forma   $ 670,834     $ 529,126  
Net income available to common stockholders – pro forma   $ 18,568     $ 11,791  
Diluted net income per share – pro forma   $ 0.25     $ 0.16  
Diluted shares     72,907       72,910  

 
Schedule of preliminary purchase price allocation
Cash and cash equivalents   $ 705  
Accounts receivable     5,529  
Inventories     1,345  
Total current assets     7,579  
         
Property and equipment     1,066  
Right of use assets     2,749  
Total tangible assets   $ 11,394  
         
Current liabilities   $ 6,169  
Right of use liabilities     2,749  
Total liabiltiies   $ 8,918  
         
         
Net tangible assets acquired   $ 2,476  
Customer relationships     6,556  
Tradename     420  
Goodwill     5,908  
Total Purchase Price   $ 15,360