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Business Combinations (Tables)
12 Months Ended
Jun. 30, 2022
Vinesse, LLC  
Summary of Allocation of Purchase Price To The Fair Value of Assets Acquired

The preliminary allocation of the consideration for the net assets acquired from the acquisition of Vinesse were as follows:

(in thousands)

 

 

 

Sources of financing

 

 

 

Cash

 

$

14,000

 

Accrued other

 

 

600

 

Contingent consideration

 

 

2,400

 

Fair value of consideration

 

 

17,000

 

 

 

 

 

Assets acquired:

 

 

 

Fixed assets

 

 

121

 

Inventory

 

 

2,502

 

Trade Names and Trademarks

 

 

1,200

 

Customer relationships

 

 

3,700

 

Total identifiable assets acquired

 

 

7,523

 

 

 

 

 

Goodwill

 

$

9,477

 

ACE Cider  
Summary of Allocation of Purchase Price To The Fair Value of Assets Acquired

The preliminary allocation of the consideration for the net assets acquired from the acquisition of ACE Cider were as follows:

(in thousands)

 

 

 

Sources of financing

 

 

 

Cash

 

$

46,880

 

Accrued other

 

 

60

 

Contingent consideration

 

 

500

 

Fair value of consideration

 

 

47,440

 

 

 

 

 

Assets acquired:

 

 

 

Fixed assets

 

 

4,205

 

Inventory

 

 

1,350

 

Trademarks

 

 

6,600

 

Customer relationships

 

 

14,300

 

Deferred tax liability

 

 

(6,554

)

Total identifiable assets acquired

 

 

19,901

 

 

 

 

 

Goodwill

 

$

27,539

 

Meier's Wine Cellars, Inc  
Summary of Allocation of Purchase Price To The Fair Value of Assets Acquired

The preliminary allocation of the consideration for the net assets acquired from the acquisition of Meier's were as follows:

(in thousands)

 

 

 

Sources of financing

 

 

 

Cash

 

$

12,500

 

Shares of common stock

 

 

10,521

 

Contingent consideration

 

 

4,900

 

Settlement of pre-existing relationship

 

 

(125

)

Fair value of consideration

 

 

27,796

 

 

 

 

 

Assets acquired:

 

 

 

Accounts receivable

 

 

3,669

 

Fixed assets

 

 

12,859

 

Inventory

 

 

4,280

 

Other assets

 

 

356

 

Trademarks

 

 

700

 

Customer relationships

 

 

6,400

 

Accounts payable and accrued expenses

 

 

(2,682

)

Deferred tax liability

 

 

(6,033

)

Total identifiable assets acquired

 

 

19,549

 

 

 

 

 

Goodwill

 

$

8,247

 

Sommelier  
Summary of Allocation of Purchase Price To The Fair Value of Assets Acquired

The following table summarizes the allocation of the purchase price to the fair value of the assets acquired at the date of acquisition:

(in thousands)

 

 

 

Sources of financing

 

 

 

Cash

 

$

8,000

 

Contingent consideration

 

 

4,000

 

Fair value of consideration

 

 

12,000

 

 

 

 

-

 

Assets acquired

 

 

 

Customer relationships

 

 

1,500

 

Sommelier relationships

 

 

1,000

 

Trademark

 

 

600

 

Accrued liabilities

 

 

(92

)

Total identifiable assets acquired

 

 

3,008

 

 

 

 

 

Goodwill

 

$

8,992

 

Kunde Vineyards and Winery  
Summary of Allocation of Purchase Price To The Fair Value of Assets Acquired

The following table summarizes the allocation of the purchase price to the fair value of the assets acquired at the date of acquisition:

(in thousands)

 

 

 

Sources of financing

 

 

 

Cash

 

$

21,464

 

Note payable to sellers

 

 

11,668

 

Stock

 

 

25,831

 

Fair value of consideration

 

 

58,963

 

Pre-existing relationship, net liability to Kunde

 

 

(5,900

)

Fair value of consideration

 

 

53,063

 

 

 

 

 

Assets acquired

 

 

 

Accounts receivable, prepaid expenses and other current assets

 

 

858

 

Inventories

 

 

20,300

 

Land and vineyards

 

 

3,351

 

Buildings

 

 

15,524

 

Winery equipment

 

 

5,976

 

Trademarks

 

 

3,500

 

Customer relationships

 

 

3,300

 

Winery use permits

 

 

1,250

 

Current liabilities

 

 

(4,562

)

Deferred tax liability

 

 

(10,007

)

Total identifiable assets acquired

 

 

39,490

 

 

 

 

 

Goodwill

 

$

13,573