Acquisitions China Mist Brands, Inc. On October 11, 2016, the Company, through a wholly owned subsidiary, acquired substantially all of the assets and certain specified liabilities of China Mist Brands, Inc. dba China Mist Tea Company (China Mist), a provider of flavored and unflavored iced and hot teas. As part of the transaction, the Company assumed the lease on China Mists existing 17,400 square foot distribution and warehouse facility in Scottsdale, Arizona which is terminable upon twelve months notice. The Company acquired China Mist for aggregate purchase consideration of $12.2 million , consisting of $11.2 million in cash paid at closing including estimated working capital adjustments of $0.4 million , post-closing final working capital adjustments of $0.6 million , and up to $0.5 million in contingent consideration to be paid as earnout if certain sales levels are achieved in the calendar years of 2017 or 2018. This contingent earnout liability is estimated to have a fair value of $0.5 million as of the closing date and is recorded in other long-term liabilities on the Companys Condensed Consolidated Balance Sheet at December 31, 2017 and June 30, 2017. The earnout is estimated to be paid in calendar 2019. The financial effect of this acquisition was not material to the Companys condensed consolidated financial statements. The Company has not presented pro forma results of operations for the acquisition because it is not significant to the Companys consolidated results of operations. The acquisition was accounted for as a business combination. The fair value of consideration transferred was allocated to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values on the acquisition date, with the remaining unallocated amount recorded as goodwill. The purchase price allocation is final. The following table summarizes the final allocation of consideration transferred as of the acquisition date: (In thousands) Fair Value Estimated Useful Life (years) Cash pa