NOTE 9  Acquisition of Business es : BAMKO On March 8, 2016, the Company closed on the acquisition of substantially all of the assets of BAMKO, Inc. The transaction had an effective date of March 1, 2016. The purchase price for the asset acquisition consisted of approximately $15.2 million in cash, net of cash acquired, the issuance of approximately 324,000 restricted shares of Superiors common stock that vests over a five -year period, potential future payment of approximately $5.5 million in additional contingent consideration through 2021, and the assumption of certain liabilities of BAMKO, Inc. The transaction also included the acquisition of BAMKO, Inc.s subsidiaries in Hong Kong, China, Brazil and England as well as an affiliate in India. Fair Value of Consideration Transferred A summary of the purchase price is as follows (in thousands): Cash consideration at closing, net of cash acquired $ 15,161 Restricted shares of Superior common stock issued 4,558 Contingent consideration 5,205 Total Considerations $ 24,924 Assets Acquired and Liabilities Assumed The total purchase price was allocated to the acquired tangible and intangible assets and assumed liabilities of BAMKO, Inc. based on their estimated fair values as of March 1, 2016. The excess of the purchase price over the estimated fair values of the assets acquired and liabilities assumed was allocated to goodwill. The following table presents the allocation of the total fair value of consideration transferred, as shown above, to the acquired tangible and intangible assets and assumed liabilities of BAMKO, Inc. based on their fair values as of the effective date of the transaction. The following is our assignment of the aggregate consideration (in thousands): Accounts receivable $ 4,885 Prepaid expenses and other current assets 3,200 Inventories 236 Property, plant and equipment 199 Other assets 100 Identifiable intangible assets 11,360 Goodwill 6,994 Total assets $ 26,974 Accounts payable 1,314 Other current liabilities 736 Total liabilities $ 2,050 T