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Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2021
Business Combinations [Abstract] |
Summary of components of purchase consideration transferred and preliminary allocation of assets acquired and liabilities assumed | For the three months ended March 31, 2021, the following table summarizes the components of the purchase consideration transferred, and the preliminary allocation of the assets acquired, and liabilities assumed, for the acquisition. Newmark expects to finalize its analysis of the assets acquired and liabilities assumed within the first year of the acquisition, and therefore adjustments to assets and liabilities may occur (in thousands):
| As of the Acquisition Date
Purchase Price |
First and second lien debt | $ | 39,293 |
Debtor-in-possession financing | 19,788 |
Assumed liability | 6,958 |
Total | $ | 66,039 |
Allocations |
Cash | $ | 7,355 |
Goodwill | 33,014 |
Other intangible assets, net | 18,890 |
Receivables, net | 3,305 |
Fixed Assets, net | 20,237 |
Other assets | 44,844 |
Right-of-use Assets | 239,702 |
Right-of-use Liabilities | (236,634) |
Accounts payable, accrued expenses and other liabilities | (64,674) |
Total | $ | 66,039 |
For the year ended December 31, 2020, the following table summarizes the components of the purchase consideration transferred, and the preliminary allocation of the assets acquired, and liabilities assumed, for the acquisition. Newmark expects to finalize its analysis of the assets acquired and liabilities assumed within the first year of the acquisition, and therefore adjustments to assets and liabilities may occur (in thousands):
| As of the Acquisition Date
Purchase Price |
Cash, stock and units issued at closing | $ | 6,249 |
Contingent consideration | 3,590 |
Total | $ | 9,839 |
Allocations |
Goodwill | $ | 6,294 |
Other intangible assets, net | 2,700 |
Receivables, net | 796 |
Fixed Assets, net | 134 |
Other assets | 29 |
Accounts payable, accrued expenses and other liabilities | (114) |
Total | $ | 9,839 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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