XML 56 R41.htm IDEA: XBRL DOCUMENT
v3.21.2

Acquisitions (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Acquisitions |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table sets forth the revised preliminary allocation of the purchase price for TLA to the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed from TLA (in thousands): ​
​ | ​ | ​ | ​
Tangible net assets and liabilities: |  | ​ |
Cash | ​ | $ | 1,823
Inventory | ​ |  | 7,614
Property and equipment | ​ |  | 2,214
Accounts payable | ​ |  | (1,319)
Other net assets | ​ | ​ | (5,826)
Total net assets | ​ |  | 4,506
Intangible assets: | ​ |  |
Trade name | ​ |  | 4,100
Total intangible assets | ​ |  | 4,100
Net assets acquired | ​ |  | 8,606
Purchase consideration | ​ |  | 24,916
Goodwill | ​ | $ | 16,310
Business Acquisition, Pro Forma Information | The following table summarizes certain of our supplemental pro forma financial information for the three and six months ended June 30, 2021 and 2020, as if the acquisition of TLA had occurred as of January 1, 2020. The unaudited pro forma financial information for the three and six months ended June 30, 2021 and 2020 reflects (i) the reduction in amortization expense based on fair value adjustments to the intangible assets acquired from TLA; (ii) the reduction in rent expense due to the amortization of unfavorable leasehold interest acquired from TLA; and (iii) the reversal of interest expense on TLA’s debt that was settled on the acquisition date. Transaction costs incurred by us and TLA during the three months ended June 30, 2021 were immaterial. For the six months ended June 30, 2021, transaction costs incurred by us and TLA were $0.9 million and $0.7 million, respectively. The unaudited pro forma financial information is for comparative purposes only and is not necessarily indicative of what would have occurred had the acquisition been made at that date or of results which may occur in the future (in thousands). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ | ​ | 2021 |  | 2020 |  | 2021 |  | 2020
​ |  | As Reported |  | Pro Forma | ​ | As Reported |  | Pro Forma |  | As Reported |  | Pro Forma |  | As Reported |  | Pro Forma
Net revenues | ​ | $ | 49,851 | ​ | $ | 49,851 | ​ | $ | 34,557 | ​ | $ | 39,740 | ​ | $ | 92,531 | ​ | $ | 101,380 | ​ | $ | 66,331 | ​ | $ | 81,381
Net loss | ​ | $ | (8,916) | ​ | $ | (8,916) | ​ | $ | (3,616) | ​ | $ | (5,621) | ​ | $ | (13,913) | ​ | $ | (12,502) | ​ | $ | (6,025) | ​ | $ | (7,259)

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration