Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATION (Tables)

v3.21.1
BUSINESS COMBINATION (Tables)
3 Months Ended
Mar. 31, 2021
BUSINESS COMBINATION  
Summary of purchase price allocation

    

Acquisition 

Date 

Fair Values

Accounts receivable

$

1,442

Deposits, prepaid expenses, and other current assets

 

22

Property and equipment

 

381

Other intangible assets

 

10,096

Goodwill

 

6,002

Accounts payable

 

(134)

Accrued expenses

 

(833)

Total purchase price

$

16,976

Summary of intangible assets acquired

    

Fair Value

Trademark and trade name (indefinite lived)

$

200

    

Fair Value

FAA part 145 certificate (indefinite lived)

$

796

    

Useful Life In 

    

Years

Fair Value

Customer relationships

 

10

$

9,100

Summary of unaudited pro forma information

The acquisition of ACT did not have a material pro forma impact on the consolidated results of operations for the three months ended March 31, 2020.