The following table presents a summary of the fair value of the assets acquired and liabilities assumed in the SEI franchisee acquisition:



(In Thousands)	Final Amounts Recognized as of Acquisition Date
Purchase Price	$	140,000
Settlement of Pre-existing Accounts Receivable SEI owed Aaron's, Inc.	3,452
Reimbursement for Insurance Costs	(100		)
Working Capital Adjustment	188
Consideration Transferred	143,540
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed
Cash and Cash Equivalents	34
Receivables	1,345
Lease Merchandise	40,941
Property, Plant and Equipment	8,832
Other Intangibles¹	13,779
Prepaid Expenses and Other Assets	440
Total Identifiable Assets Acquired	65,371
Accounts Payable and Accrued Expenses	(6,698		)
Customer Deposits and Advance Payments	(2,500		)
Capital Leases	(4,514		)
Total Liabilities Assumed	(13,712		)
Goodwill²	91,881
Net Assets Acquired	$	51,659

¹ Identifiable intangible assets are further disaggregated in the table set forth below.

² The total goodwill recognized in conjunction with the SEI 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.

The following table presents summaries of the preliminary fair value of the assets acquired and liabilities assumed in the franchisee acquisitions as of the respective acquisition dates:



(in Thousands)	Amounts Recognized as of Acquisition Dates			Measurement Period Adjustments¹			Amounts Recognized as of Acquisition Date (as adjusted)
Purchase Price	$	189,826		$	—		$	189,826
Add: Settlement of Pre-existing Relationship	5,405			—			5,405
Less: Working Capital Adjustments	241			(86		)	155
Aggregated Consideration Transferred	195,472			(86		)	195,386

Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed
Cash and Cash Equivalents	43			—			43
Lease Merchandise	59,587			29			59,616
Property, Plant and Equipment	5,493			75			5,568
Other Intangibles²	25,069			(539		)	24,530
Prepaid Expenses and Other Assets	1,060			108			1,168
Total Identifiable Assets Acquired	91,252			(327		)	90,925
Accounts Payable and Accrued Expenses	(826		)	(26		)	(852		)
Customer Deposits and Advance Payments	(5,156		)	—			(5,156		)
Total Liabilities Assumed	(5,982		)	(26		)	(6,008		)
Goodwill³	110,202			267			110,469
Net Assets Acquired (before Goodwill)	$	85,270		$	(353	)	$	84,917

¹ The acquisition accounting adjustments relate to finalizing information that existed as of the acquisition date regarding the valuation of certain intangible assets and lease merchandise and obtaining additional information regarding acquired other assets.

² Identifiable intangible assets are further disaggregated in the table set forth below.

³ The total goodwill recognized in conjunction with the franchisee acquisitions, 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.