Quarterly report pursuant to Section 13 or 15(d)

Business Combination and Asset Acquisition (Tables)

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Business Combination and Asset Acquisition (Tables)
6 Months Ended
Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following is a summary of the preliminary allocation of the purchase price based on the fair value of assets acquired and liabilities assumed (dollars in thousands).
Assets Acquired
Cash $ 4,760 
Real estate inventories 157,279 
Goodwill 83,683 
Other intangible assets 1,950 
Other assets 4,539 
Total assets $ 252,211 
Liabilities Assumed
Accounts payable $ 2,472 
Accrued expenses 9,936 
Total liabilities 12,408 
Net assets acquired $ 239,803 
Schedule of Business Acquisition, Pro Forma Information Unaudited pro forma net income adjusts the operating results of Antares to reflect the additional costs that would have been recorded assuming the fair value adjustments had been applied as of the beginning of the year preceding the year of acquisition, including the tax-effected amortization of the acquired intangible assets and transaction related costs.
Three Months Ended June 30, Six Months Ended June 30,
2024 2023 2024 2023
(dollars in thousands)
Revenue $ 431,143  $ 346,637  $ 767,840  $ 627,604 
Pretax income 11,246  8,752  17,617  9,841 
Provision for income taxes 4,718  2,113  4,447  2,420 
Net income $ 6,528  $ 6,639  $ 13,170  $ 7,421