XML 51 R41.htm IDEA: XBRL DOCUMENT v3.20.2
Business Combinations and Divestitures - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($)
9 Months Ended
Jul. 08, 2020
Sep. 30, 2020
Dec. 31, 2019
Consideration:      
Goodwill   $ 163,263,000 $ 158,743,000
Transport Financial Solutions      
Assets acquired:      
Factored receivables $ 107,524,000    
Allowance for credit losses (37,415,000)    
Factored receivables, net of ACL 70,109,000    
Intangible assets 3,500,000    
Indemnification asset 31,218,000    
Deferred income taxes 1,387,000    
Asset acquired 106,214,000    
Liabilities assumed:      
Deposits 5,613,000    
Liabilities assumed 5,613,000    
Fair value of net assets acquired 100,601,000    
Consideration:      
Cash paid 108,375,000    
Stock consideration 13,942,000    
Cash due from seller subsequent to liquidation of stock consideration (17,196,000)    
Total consideration 105,121,000 $ 19,248,000  
Goodwill $ 4,520,000