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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2022
Acquisitions  
Summary of purchase price allocation

(In millions)

    

Allocated Fair Value

Inventories

$

1.6

Property and equipment(1)

Intangible assets

53.5

Goodwill

31.1

Purchase price

$

86.2

(1)The purchase price included less than $0.1 million of property and equipment.
Schedule of allocation of the purchase price

The following table reflects the allocation of purchase price to the acquired intangible assets and related estimated useful lives: 

(In millions)

    

Allocated Fair Value

Estimated Useful Life

Customer relationships

$

31.0

13 years

Developed technology

13.0

11 years

Tradenames

 

9.5

Indefinite

Total intangible assets

$

53.5

Schedule of condensed consolidated statements of operations reflect AffoVest operations

Year Ended

December 31, 

(In thousands)

    

2021

2020

Total revenue

$

219,414

$

203,193

Net (loss) income

$

(7,633)

$

11,832