Business Acquisition (Tables)

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The fair value of the consideration totaled $101.6 million, summarized as follows (in thousands):

	Fair Value of Consideration
Cash consideration	$	77,971
Fair value of Eagle common stock issued	23,645
	$	101,616

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table presents the preliminary allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands):

	Preliminary Purchase Price Allocation
Cash	$	2,556
Net working capital, excluding cash	(2,158)
Inventory	26,942
Intangible assets	104,000
Debt	(28,503)
Deferred tax liability, net	(4,536)
Fair value of net assets acquired	98,301
Goodwill	3,315
	$	101,616

Business Acquisition, Pro Forma Information

The following table provides unaudited pro forma financial information for the three-month and six-month periods ended June 30, 2022 and 2021 as if the acquisition of Acacia had occurred as of January 1, 2021.

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Total revenue	$	74,546	$	48,417	$	191,038	$	89,814
Net income (loss)	$	2,875	$	(10,156)	$	36,124	$	(51,304)