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Acquisition (Tables) | 9 Months Ended
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Sep. 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 |  |  | September 30, 2021 |  |  | Life
Customer relationships | $ | 46,200 |  |  | $ | 2,567 |  |  | $ | 43,633 |  |  | 15 years
Agent relationships | $ | 600 |  |  | $ | 125 |  |  | $ | 475 |  |  | 4 years
Trade name | $ | 900 |  |  | $ | 500 |  |  | $ | 400 |  |  | 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 September 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 |  | $ | 958 |
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 |  |  | Nine Months Ended |
| September 30, 2020 |  |  | September 30, 2020 |
Revenue | $ | 952,259 |  |  | $ | 2,608,086 |
Net income | $ | 27,762 |  |  | $ | 57,497 |
Earnings per share |  |  |  |  |
Basic | $ | 0.84 |  |  | $ | 1.73 |
Diluted | $ | 0.83 |  |  | $ | 1.72 |

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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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