Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.21.1
Acquisitions (Tables)
 3 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]  
Schedule of Weighted Average Assumptions The weighted-average assumptions under the Monte Carlo simulation model were as follows:
February 28, 2021
Risk-free rate 0.1%
Revenue discount rate 8.8%
Revenue volatility 27.3%
Schedule of Allocations of Purchase Price
Assets acquired and liabilities assumed as of the acquisition date are presented in the following table:
Proficient Transport
February 28, 2021
Tangible assets:
Accounts receivable, net $ 3,865 
Property and equipment 140 
Other assets 10 
Total tangible assets 4,015 
Intangible assets:
Customer relationships 6,060 
Non-compete agreements 18 
Goodwill 5,754 
Total intangible assets 11,832 
Total assets acquired 15,847 
Liabilities assumed:
Current liabilities 32 
Total liabilities assumed 32 
Net assets acquired $ 15,815 
Schedule of Acquired Finite-Lived Intangible Assets
The weighted-average useful life of acquired intangible assets as of the acquisition date are summarized in the following table:
Weighted-Average Useful Lives
Customer relationships 8 years
Non-compete agreements 1 year