The following table presents a summary of the preliminary and final fair value of the assets acquired and liabilities assumed in the franchisee acquisition, as well as measurement period adjustments made during the three months ended June 30, 2018:



(In Thousands)	Amounts Recognized as of Acquisition Date (preliminary)¹			Acquisition Accounting Adjustments²			Final Amounts Recognized as of Acquisition Date
Purchase Price	$	140,000		$	—		$	140,000
Settlement of Pre-existing Accounts Receivable SEI owed Aaron's, Inc.	3,452			—			3,452
Reimbursement for Insurance Costs	(100		)	—			(100		)
Working Capital Adjustment	188			—			188
Consideration Transferred	143,540			—			143,540
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed
Cash and Cash Equivalents	34			—			34
Receivables	1,448			(103		)	1,345
Lease Merchandise	40,941			—			40,941
Property, Plant and Equipment	8,832			—			8,832
Other Intangibles³	13,779			—			13,779
Prepaid Expenses and Other Assets	440			—			440
Total Identifiable Assets Acquired	65,474			(103		)	65,371
Accounts Payable and Accrued Expenses	(6,698		)	—			(6,698		)
Customer Deposits and Advance Payments	(2,500		)	—			(2,500		)
Capital Leases	(4,514		)	—			(4,514		)
Total Liabilities Assumed	(13,712		)	—			(13,712		)
Goodwill⁴	91,778			103			91,881
Net Assets Acquired	$	51,762		$	(103	)	$	51,659

¹ As previously reported in Note 2 to the condensed consolidated financial statements as of March 31, 2018.

² The acquisition accounting adjustments relate to finalizing certain working capital adjustments.

³ Identifiable intangible assets are further disaggregated in the table set forth below.

⁴The total goodwill recognized in conjunction with the franchisee acquisition, all of which is expected to be deductible for tax purposes, has been assigned to the Aaron’s Business operating segment. The purchase price exceeded the fair value of the net assets acquired, which resulted in the recognition of goodwill, primarily due to synergies created from the expected future benefits to the Company’s omnichannel platform, implementation of the Company’s operational capabilities, expected inventory supply chain synergies between the Aaron’s Business and Progressive Leasing, and control of the Company’s brand name in new geographic markets. Goodwill also includes certain other intangible assets that do not qualify for separate recognition, such as an assembled workforce.