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ACQUISITION, RESTRUCTURING AND MANAGEMENT FEE COSTS | 12 Months Ended
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Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract] |
Acquistion, Reconstructuring and Management Fee Cost | 16. ACQUISITION, RESTRUCTURING AND MANAGEMENT FEE COSTS The following table summarizes total acquisition, restructuring and management fee costs:
|  | For the years ended |
|  | December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2019 |
Acquisitions (1) |  | $ | 5,074 |  |  | $ | 4,434 |  |  | $ | 1,404 |
Restructuring (2) |  |  | 1,465 |  |  |  | 5,309 |  |  |  | 3,538 |
Management fees (3) |  |  | 25,789 |  |  |  | 6,089 |  |  |  | 3,662 |
Earn out adjustment (4) |  |  | 17,173 |  |  |  | — |  |  |  | — |
Total acquisition, restructuring and management fees |  | $ | 49,501 |  |  | $ | 15,832 |  |  | $ | 8,604 |
(1) Includes professional fees for legal, accounting, consulting, administrative, and other professional services directly attributable to potential acquisitions. (2) Includes costs incurred as part of the restructuring of operations including professional and consulting services. (3) Includes acquisition costs and management fees paid to Sentinel Capital Partners, including a fee of $23,275 paid in 2021 upon the Closing of the Business Combination. Director compensation of $90 attributable to Mr. Basham's and Mr. Coady's service on Holley's Board of Directors paid to Sentinel Capital Partners is included in selling, general, and administrative cost for the year ended December 31, 2021. (4) A fair value adjustment to the contingent consideration payable from the Simpson acquisition.

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- Definition The entire description for costs incurred to effect a business combination that have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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