Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Consolidated Net Assets And Results Of Operations


	June 16, 2017
	to December 31, 2017
Trade sales	$	46,765
Income before income taxes	$	2,598

Summary Of Fair Value Of The Assets Acquired And Liabilities Assumed



Property and equipment	$	18,747
Cash, inventory and other assets		12,212
Identifiable intangible assets (1)		4,512
Total assets acquired		35,471
Accounts payable and other liabilities		(5,370)
Identifiable intangible liabilities (2)		(716)
Total liabilities assumed		(6,086)
Fair value of identifiable net assets		29,385
Redeemable noncontrolling interest		(2,490)
Goodwill		35,164
Purchase consideration		62,059
Less: cash acquired		(3,641)
Cash paid for acquisition less cash acquired	$	58,418

Acquisition-related costs included in selling, general and administrative expenses	$	2,963

(1)

Identifiable intangible assets were comprised of $4.2 million, $0.2 million and $0.1 million associated with IT’SUGAR’s trademark, favorable operating lease agreements, and a noncompetition agreement, respectively.

(2)

Identifiable intangible liabilities were comprised of unfavorable operating lease agreements.

Pro Forma Information


	Pro Forma
	For the Year Ended December 31, 2017
Trade sales	$	178,643
Income before income taxes	$	93,273
Net income (1)	$	102,703
Net income attributable to shareholders (1)	$	84,356

(1)

The pro forma income before income taxes, net income, and net income attributable to shareholders for the year ended December 31, 2017 were adjusted to exclude $3.0 million of acquisition-related costs.