v3.24.3
Business Combinations (Tables)
 9 Months Ended
Sep. 30, 2024
Fanatec Acquisition  
Business Acquisition [Line Items]  
Schedule of Estimated Fair Value of Assets Acquired and Liabilities Final determination of the fair values may result in adjustments to the values presented in the following table (in thousands):

 

 

 

Amounts

 

 

 

 

 

Inventories

 

$

43,583

 

Prepaid and other assets

 

 

440

 

Property and equipment

 

 

780

 

Identifiable intangible assets

 

 

15,129

 

Goodwill

 

 

2,151

 

Accounts payable

 

 

(11,761

)

Accrued liabilities

 

 

(6,298

)

Deferred tax liabilities

 

 

(301

)

Purchase consideration, net of cash acquired

 

$

43,723

 

 

 

 

 
Summary of Valuation of Identifiable Intangible Assets Acquired in Business Combination and Respective Useful Lives

 

 

Valuation

 

 

Useful
Life

 

 

 

(In thousands)

 

 

(In years)

 

 

 

 

 

 

 

 

Trade name

 

$

11,347

 

 

 

15

 

Product technology

 

 

3,782

 

 

 

6

 

Total identifiable intangible assets

 

$

15,129

 

 

 

 
Drop Acquisition  
Business Acquisition [Line Items]  
Schedule of Estimated Fair Value of Assets Acquired and Liabilities

The Drop Acquisition was accounted for as a business combination under the acquisition method of accounting. The final allocation of the Drop Acquisition purchase consideration to the estimated fair value of the assets acquired and liabilities assumed, inclusive of immaterial measurement period adjustments, was as follows (in thousands):

 

 

Amounts

 

 

 

 

 

Accounts receivable

 

$

135

 

Inventories

 

 

7,739

 

Prepaid and other assets

 

 

866

 

Property and equipment

 

 

109

 

Identifiable intangible assets

 

 

9,160

 

Goodwill

 

 

5,960

 

Accounts payable

 

 

(7,064

)

Accrued liabilities

 

 

(3,726

)

Purchase consideration, net of cash acquired

 

$

13,179