Acquisition (Tables)

6 Months Ended

Jun. 30, 2021

Business Acquisition [Line Items]

Schedule of Components of Other Intangibles Acquired

The components of “Other intangibles” listed in the above table as of the acquisition date are summarized as follows (in thousands):

			Accumulated		Balance at		Estimated Useful
	Amount		Amortization		June 30, 2021		Life
Customer relationships	$	46,200	$	1,796	$	44,404	15 years
Agent relationships	$	600	$	88	$	512	4 years
Trade name	$	900	$	350	$	550	18 months

Nonstop Delivery, LLC [Member]

Business Acquisition [Line Items]

Schedule of Total Purchase Price Allocated to Net Assets Acquired and Liabilities Assumed

The following table summarizes the total purchase price allocated to the net assets acquired and liabilities assumed as of the date of acquisition (in thousands):

	December 9, 2020
Cash and cash equivalents	$	4,775
Accounts receivable trade		25,927
Prepaid expenses and other current assets		207
Property and equipment		1,018
Right of use assets - operating leases		1,295
Goodwill, net		38,156
Other intangibles		47,700
Other assets		14
Total assets acquired	$	119,092
Accounts payable trade	$	9,972
Accrued payroll		1,324
Accrued other		578
Lease liability - operating leases short-term		373
Lease liability - operating leases long-term		922
Total liabilities assumed	$	13,169
Total consideration	$	105,923
Cash paid, net	$	84,989

Schedule of Carrying Amount of Goodwill

The following table presents the carrying amount of goodwill (in thousands):

	Total
Balance at January 1, 2021	$	508,555
Acquisition		13,841
Other		(36	)
Balance at June 30, 2021	$	522,360

Schedule of Amortization Expense

Amortization expense related to NSD for the next five years is as follows (in thousands):

	Total
Remainder of 2021	$	1,915
2022		3,480
2023		3,230
2024		3,218
2025		3,080

Schedule of Unaudited Pro forma Consolidated Results of Operations

The following unaudited pro forma consolidated results of operations present the effects of NSD as though it had been acquired as of January 1, 2020 (in thousands, except for per share amounts):

	Three Months Ended		Six Months Ended
	June 30, 2020		June 30, 2020
Revenue	$	800,868	$	1,655,827
Net income	$	15,946	$	29,735
Earnings per share
Basic	$	0.48	$	0.90
Diluted	$	0.48	$	0.89