Quarterly report pursuant to Section 13 or 15(d)

Business Combination and Asset Acquisition (Tables)

v3.24.3
Business Combination and Asset Acquisition (Tables)
9 Months Ended
Sep. 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 154,004 
Goodwill 86,958 
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 September 30, Nine Months Ended September 30,
2024 2023 2024 2023
(dollars in thousands)
Revenue $ 338,472  $ 316,506  $ 1,106,312  $ 944,110 
Pretax income 18,343  13,292  35,960  23,133 
Provision for income taxes 4,167  3,251  8,613  5,671 
Net income $ 14,176  $ 10,041  $ 27,347  $ 17,462