Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Eagle Alcohol (Tables)

v3.22.2.2
Acquisition of Eagle Alcohol (Tables)
9 Months Ended
Sep. 30, 2022
Acquisition of Eagle Alcohol [Abstract]  
Schedule of pro forma combined financial information assuming the acquisition occurred
   

Three Months Ended

September 30,

 
    2022     2021  
Revenues – pro forma   $ 336,877     $ 311,821  
Net loss available to common stockholders – pro forma   $ (28,357 )   $ (3,424 )
Diluted net loss per share – pro forma   $ (0.38 )   $ (0.05 )
Diluted shares     73,960       72,332  

 

    Nine Months Ended
September 30,
 
    2022     2021  
Revenues – pro forma   $ 1,007,711     $ 840,947  
Net income (loss) available to common stockholders – pro forma   $ (9,538 )   $ 8,474  
Diluted net income (loss) per share – pro forma   $ (0.13 )   $ 0.12  
Diluted shares     72,764       73,209  

  

Schedule of preliminary purchase price allocation
Cash and equivalents   $ 705  
Accounts receivable     5,517  
Inventories     1,388  
Other assets     29  
Total current assets     7,639  
         
Property and equipment     1,067  
Right of use assets     2,749  
Total tangible assets   $ 11,455  
         
Current liabilities   $ 6,262  
Right of use liability     2,749  
Total liabilities   $ 9,011  
         
Net tangible assets acquired   $ 2,444  
Customer relationships     6,556  
Tradename     420  
Goodwill     5,970  
Total Purchase Price   $ 15,390