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Acquisition (Tables)

3 Months Ended

Mar. 31, 2021

Business Combinations [Abstract]

Summary of Preliminary Purchase Price for Crosspointe and Preliminary Allocation of Purchase Price

The following tables summarize the preliminary purchase price for Crosspointe and the preliminary allocation of the purchase price (in thousands):

Cash paid		$	14,930
Fair value of contingent consideration to be settled in stock			1,751
Total purchase price consideration		$	16,681
Assets Acquired and Liabilities Assumed:
Commissions receivable (current and long-term)		$	3,285
Customer Relationships			3,600
Other identifiable intangible assets			270
Operating lease right-of-use assets			1,469
Goodwill			9,969
Total assets acquired			18,593
Accounts payable and accrued expenses (current and long-term)			(443	)
Operating lease liabilities			(1,469	)
Total allocation of purchase price consideration		$	16,681

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- References

No definition available.

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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