Annual report pursuant to Section 13 and 15(d)

Acquisition of Eagle Alcohol (Tables)

v3.22.4
Acquisition of Eagle Alcohol (Tables)
 12 Months Ended
Dec. 31, 2022
Acquisition of Eagle Alcohol [Abstract]  
Schedule of pro forma combined financial information assuming the acquisition occurred
    Years Ended December 31,  
    2022     2021  
             
Revenues – pro forma   $ 1,336,148     $ 1,232,265  
Net income (loss) available to common stockholders – pro forma   $ (42,929 )   $ 45,263  
Diluted net income (loss) per share – pro forma   $ (0.59 )   $ 0.63  
Diluted shares     72,893       72,047  

 
Schedule of final 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 liabiltiies   $ 9,011  
         
Net tangible assets acquired   $ 2,444  
Customer relationships     6,556  
Tradename     420  
Goodwill     5,970  
Total Purchase Price   $ 15,390