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ACQUISITION, RESTRUCTURING AND MANAGEMENT FEE COSTS
 12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Acquistion, Reconstructuring and Management Fee Cost

16. ACQUISITION, RESTRUCTURING AND MANAGEMENT FEE COSTS

 

The following table summarizes total acquisition, restructuring and management fee costs:

 

 

 

For the years ended

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

Acquisitions (1)

 

$

5,074

 

 

$

4,434

 

 

$

1,404

 

Restructuring (2)

 

 

1,465

 

 

 

5,309

 

 

 

3,538

 

Management fees (3)

 

 

25,789

 

 

 

6,089

 

 

 

3,662

 

Earn out adjustment (4)

 

 

17,173

 

 

 

—

 

 

 

—

 

Total acquisition, restructuring
   and management fees

 

$

49,501

 

 

$

15,832

 

 

$

8,604

 

 

(1)
Includes professional fees for legal, accounting, consulting, administrative, and other professional services directly attributable to potential acquisitions.
(2)
Includes costs incurred as part of the restructuring of operations including professional and consulting services.
(3)
Includes acquisition costs and management fees paid to Sentinel Capital Partners, including a fee of $23,275 paid in 2021 upon the Closing of the Business Combination. Director compensation of $90 attributable to Mr. Basham's and Mr. Coady's service on Holley's Board of Directors paid to Sentinel Capital Partners is included in selling, general, and administrative cost for the year ended December 31, 2021.
(4)
A fair value adjustment to the contingent consideration payable from the Simpson acquisition.