XML 37 R24.htm IDEA: XBRL DOCUMENT v3.24.3
Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The amount of purchase consideration was allocated to the acquisition date fair values of acquired assets and assumed liabilities as follows (in thousands):
Cash and cash equivalents$13,437 
Contract assets (financial royalty assets)
106,156 
Other assets8,965 
Accounts payable and accrued liabilities
(3,740)
Income tax payable(1,276)
Deferred tax liabilities, net(18,109)
Total fair value of net assets acquired
$105,433 
The following table sets forth an allocation of the purchase price to the identifiable tangible and intangible assets acquired and liabilities assumed, with the excess recorded to goodwill (in thousands):
Restricted cash$583 
Property and equipment, net13,054 
Operating lease right-of-use asset3,683 
Other assets137 
Deferred tax asset1,013 
Intangible assets acquired 10,700 
Goodwill3,709 
Deferred revenue(4,508)
Operating lease liabilities(3,683)
Other liabilities(13,700)
Cash paid for Novan, including restricted cash received10,988 
DIP loan fees and interest1,162 
Total consideration $12,150