XML 43 R36.htm IDEA: XBRL DOCUMENT v3.25.2
Acquisition (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the aggregate purchase price and amounts of assets acquired based upon the estimated fair value at the date of acquisition. During the three months ended June 30, 2025, we made certain purchase accounting measurement period adjustments based on refinements to assumptions used in the preliminary valuation. The purchase price allocation is not yet final and is subject to change within the measurement period (up to one year from the acquisition date) as the valuation of property and equipment and intangible assets is finalized.

(in thousands)

 

 

 

Purchase price paid as:

 

 

 

Cash

 

$

16,129

 

Holdback

 

 

347

 

Purchase price

 

 

16,476

 

 

 

 

 

Fair value of net assets acquired:

 

 

 

Property and equipment

 

 

2,309

 

Intangible assets

 

 

13,487

 

Total assets acquired

 

 

15,796

 

Excess purchase price over fair value of net assets acquired (“goodwill”)

 

$

680

 
Schedule of Allocation of Purchase Price

Following are details of the purchase price allocated to the intangible assets acquired for the Jasper SkyTram:

(in thousands)

 

Amount

 

 

Weighted Average Life

Operating licenses

 

$

13,278

 

 

27 years

Trade name

 

 

209

 

 

5 years

Total

 

$

13,487

 

 

27 years