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Dogfish Head Brewery Transaction (Tables) | 9 Months Ended
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Sep. 26, 2020
Fair value of assets acquired and liabilities assumed | The following table summarizes the acquisition date fair value of the tangible assets, intangible assets, liabilities assumed, and related goodwill acquired from Dogfish Head, as well as the allocation of purchase price paid:
|  | Total (In Thousands) |
Cash and cash equivalents |  | $ | 7,476 |
Accounts receivable |  |  | 8,081 |
Inventories |  |  | 9,286 |
Prepaid expenses and other current assets |  |  | 847 |
Property, plant and equipment |  |  | 106,964 |
Goodwill |  |  | 108,846 |
Brand |  |  | 98,500 |
Other intangible assets |  |  | 3,800 |
Other assets |  |  | 378 |
Total assets acquired |  |  | 344,178 |
Accounts payable |  |  | 3,861 |
Accrued expenses and other current liabilities |  |  | 4,085 |
Deferred income taxes |  |  | 18,437 |
Other liabilities |  |  | 59 |
Total liabilities assumed |  |  | 26,442 |
Net assets acquired |  | $ | 317,736 |
Cash consideration |  | $ | 172,993 |
Nominal value of equity issued |  |  | 162,999 |
Fair Value reduction due to liquidity |  |  | (18,256 | )
Estimated total purchase price |  | $ | 317,736 |
Unaudited proforma information |
|  | Thirteen weeks ended |  |  | Thirty-nine weeks ended |
|  | September 28, 2019 |  |  | September 28, 2019 |
|  | (in thousands) |  |  | (in thousands) |
Net revenue |  | $ | 379,205 |  |  | $ | 1,002,959 |
Net income |  | $ | 46,445 |  |  | $ | 103,105 |
Basic earnings per share |  | $ | 3.84 |  |  | $ | 8.74 |
Diluted earnings per share |  | $ | 3.79 |  |  | $ | 8.64 |

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