Company: DXPE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001020710-25-000137
Chunk: 52

Company: DXP ENTERPRISES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 52
---
 consideration of our business acquisition during the six months ended June 30, 2025 is presented as follows (in thousands): Q1 2025Q2 2025TotalTotal Acquisitions112  Cash payments $12,851 $1,009 $13,860 Total purchase price consideration $12,851 $1,009 $13,860 Tangible assets acquired8,030 909 8,939 Intangible assets acquired3,284 203 3,487 Total assets acquired$11,314 $1,112 $12,426 Total liabilities assumed(4,983)(508)(5,491)Net assets acquired6,331 604 6,935 Goodwill$6,520 $405 $6,925 The total purchase consideration related to our acquisitions for the six months ended June 30, 2025 consisted of cash consideration. The total cash and cash equivalents acquired for these acquisitions was $0.1 million. Transaction-related costs included within selling, general, and administrative expenses in the consolidated statements of operations was $0.5 million for the six months ended June 30, 2025.The goodwill total of approximately $6.9 million for the six months ended June 30, 2025 assigned to our SC segment was primarily attributable to expected synergies and the assembled workforce of the entities. The total amount of goodwill expected to be deductible for tax purposes is $6.5 million.The acquisitions' operating results are included within the Company's consolidated statements of operations from the date of acquisition, which were not material for the six months ended June 30, 2025. Pro forma results of operations information have not been presented, as the effects of the acquisitions were not material to our financial results. 

Of the $3.5 million of acquired intangible assets, $0.2 million was provisionally assigned to non-compete agreements that are subject to amortization over 5 years, and $3.3 million was assigned to customer relationships and will be amortized over a period of 8 years. 

NOTE 13 - SHARE REPURCHASES

On December 15, 2022, the Company announced a Share Repurchase Program pursuant to which it may repurchase up to $85.0 million worth, or 2.8 million shares, of the Company's outstanding common stock over the next 24 months from the date of the announcement. The Company