Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

Business Combinations (Tables)
3 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following is a summary of the allocation of the purchase price based on the fair value of assets acquired and liabilities assumed (dollars in thousands).

Assets Acquired
Cash $ 2,905 
Real estate inventories 119,466 
Goodwill 15,392 
Trade name 1,600 
Other assets 532 
Total assets $ 139,895 
Liabilities Assumed
Accounts payable $ 5,425 
Accrued expenses 1,037 
Total liabilities 6,462 
Net assets acquired $ 133,433 
Business Acquisition, Pro Forma Information Unaudited pro forma net (loss) income adjusts the operating results of GWH 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 trade name and transaction related costs.
Three Months Ended March 31,
(dollars in thousands)
Revenue $ 138,746 
Pretax loss (4,050)
Benefit for income taxes 948 
Net loss $ (3,102)