Title Insurance Business (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase price on the date of acquisition to assets acquired and the liabilities assumed based on their estimated fair values:

Fair value of assets acquired
Cash	$	102
Accounts receivable		159
Intangible assets		5,505
Total assets acquired		5,766
Fair value of liabilities assumed
Contingent consideration		4,300
Accounts payable and other liabilities		381
Total liabilities assumed		4,681
Net assets acquired	$	1,085
Purchase price
Common shares issued		27,724
Purchase price per share of the Company’s common stock	$	20.38
Company common stock issued		565
Cash	$	7,798
Total purchase price		8,363
Goodwill	$	7,268

Change in Contingent Consideration

Following is a summary of activity in contingent consideration for the Reltco reporting unit:

Balance, December 31, 2017	$	1,900
Fair value adjustments prior to August 1, 2018 sale		(260	)
Impact of sale on August 1, 2018		(1,640	)
Balance, December 31, 2018	$	—