Business Combination (Tables)

9 Months Ended

Sep. 30, 2019

Summary of pro forma combined statements of operations

	Three months ended September 30,				Nine months ended September 30,
($'s in 000's, except per share data)	2019		2018		2019		2018
Net sales	$	186,025	$	151,788	$	597,012	$	494,381
Net (loss) income	$	(3,713)	$	(152,253)	$	4,235	$	(182,267)
(Loss) Earnings per share:
Basic	$	(0.16)	$	(8.99)	$	0.19	$	(11.51)
Diluted	$	(0.16)	$	(8.99)	$	0.19	$	(11.51)

VIP

Summary of preliminary estimated fair value of the consideration

$'s in 000's	Fair value
Current assets	$	15,617
Property, plant, and equipment		8,885
Other assets, net		295
Intangible assets - Customer relationships (20 year useful life)		77,200
Intangible assets - Brand names (10 year useful life)		9,600
Goodwill		112,643
Total assets		224,240
Current liabilities		22,908
Capital lease obligations		3,032
Total liabilities		25,940
Purchase price	$	198,300
Cash paid, net of cash acquired	$	92,082
LLC Interests and shares of Class B common stock		90,031
Guarantee note		10,000
Contingent notes		6,900
Post-closing working capital adjustment		(713)
Fair value of total consideration transferred	$	198,300

HBH

Summary of preliminary estimated fair value of the consideration

$'s in 000's	Fair Value
Working Capital, net	$	1,676
Property, plant, and equipment		2,686
Intangible assets - Customer relationships		3,800
Goodwill		7,607
Total assets		15,769
Capital lease obligations		1,114
Total liabilities		1,114
Estimated purchase price	$	14,655
Cash paid, net of cash acquired	$	1,683
LLC Interests and shares of Class B common stock		12,972
Estimated fair value of total consideration transferred	$	14,655

Perrigo Animal Health Acquisition

Summary of preliminary estimated fair value of the consideration

	Preliminary
	Estimated
$'s in 000's	Fair value
Inventories	$	17,998
Property, plant and equipment		18,207
Other current assets		13,048
Other assets		9,680
Indefinite-lived intangible assets		23,040
Definite-lived intangible assets - 13 year weighted average life		14,550
Goodwill		106,869
Total assets		203,392
Liabilities assumed		18,999
Purchase price	$	184,393
Cash paid, net of cash acquired	$	(185,090)
Post-closing working capital adjustment		697
Fair value of total consideration transferred	$	(184,393)