Acquisitions On the Acquisition Date, we completed the acquisition of all outstanding interests in Barteca for total cash consideration of $331.2 million , which represents a purchase price of $325 million plus customary adjustments including payments for cash remaining in the business. Barteca owns and operates two restaurant concepts: Barcelona and bartaco. Barcelona and bartaco restaurant concepts are innovative, with a unique vibe, food, drinks and design. Barcelona serves as a neighborhood Spanish tapas bar with an ever-changing selection of tapas, using both local and seasonal ingredients as well as specialties from Spain and the Mediterranean. Barcelona has a superior Spanish wine program and an award winning selection of wines, with 16 locations in 8 states and the District of Columbia. bartaco combines fresh, upscale street food with a coastal vibe in a relaxed environment and is inspired by a healthy, outdoor lifestyle. bartaco has 20 locations across twelve states, as of March 26, 2019 . The following table summarizes the preliminary fair value of identified assets acquired and liabilities assumed at the Acquisition Date: As of (Amounts in thousands) June 27, 2018 Purchase price $ 331,199 Allocation of purchase price Cash and cash equivalents 6,006 Accounts receivable 3,311 Inventory 2,068 Prepaid expenses and other assets 3,740 Leasehold improvements 34,919 Buildings and improvements 17,967 Furniture, fixtures, and equipment 13,207 Construction in progress 4,340 Other assets 1,421 Intangible assets 185,080 (Unfavorable) leases (785 ) Accounts payable and other liabilities (14,111 ) Financing lease obligations (13,340 ) Deferred taxes (24,825 ) Total fair value of net assets acquired: 218,998 Goodwill $ 112,201 Intangible assets acquired primarily include liquor licenses and bartaco and Barcelona trade names. The fair value of the acquired liquor licenses and trade names are $1.1 million and $183.0 million , respectively. Other intangible assets were valued at approximately $0.2 million . Liquor licenses acquired will be amortized over an estimated useful life of each individual license, which is currently estimated to be one year. Trade names represent intangible assets with indefinite life. As a result of the acquisition, we have recognized approximately $112.2 million of goodwill, of which $104.7 million is deductible for income tax purposes. Goodwill, of which $42.0 million and $70.2 million is attributable to the Barcelona and bartaco reportable segments, respectively, represents the excess of the purchase price over the aggregate fair value of net assets acquired and is related to the benefits expected as a result of the acquisition, including sales, development and growth opportunities. We believe that Barteca's innovative concepts are highly complementary and will provide Del Friscos portfolio with significant growth and development opportunities, enabling us to capture market share in the experiential dining segment, while mitigating the effects of seasonality and the risk of economic downturns to our restaurant portfolio. The purchase accounting is incomplete, and our estimates and assumptions are subject to change during the measurement period (up to one year from the acquisition date). The primary area of the purchase price allocation that is not yet finalized relates to deferred taxes, which will have a corresponding change to goodwill. Amounts previously estimated have changed during the measurement period. The changes in estimates included an increase of $4.5 million of buildings and improvements, an increase of $2.0 million of financing lease obligations and a decrease of $0.9 million in accounts payable. We recorded the measurement-period adjustments in the fourth quarter of 2018. Depreciation and interest expenses increased by $0.2 million and $0.1 million , respectively as a result of these measurement-period adjustments. Pro Forma Results of Operations (unaudited) The following pro forma results of operations for the 13 weeks ended March 27, 2018 , have been prepared as though the business acquisition had occurred on January 1, 2017 consistent with the pro forma results of operations prepared for the third quarter and annual filings of fiscal 2018. This pro forma financial information is not indicative of the results of operations that the Company would have attained had the acquisition occurred at the beginning of the period presented, nor is the pro forma financial information indicative of the results of operations that may occur in the future: 13 Weeks Ended (Amounts in thousands) March 27, 2018 Revenues $ 104,626 Net loss (2,609 ) Net loss per average common share Basic $ (0.13 ) Diluted $ (0.13 ) The above pro forma information includes Barteca's actual revenues and net income of $31.3 million and $1.0 million , respectively, for the 13 weeks ended March 27, 2018 . The combined companies incurred $6.9 million of interest expense based on financing related to the transaction for the 13 weeks ended March 27, 2018 and was reflected in pro forma net income. Pro forma revenues exclude Sullivans results of operation as these amounts are reflected as discontinued operations in the Consolidated Statements of (Loss) Income. See Note 3 , Dispositions in the notes to our condensed consolidated financial statements for information regarding discontinued operations.