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  "documentTitle": "PetIQ, Inc. (PETQ)",
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  "presentationDate": "2019-04-30 00:00:00",
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      "kind": "callout",
      "text": "Does the large adjustment in contingent consideration suggest that something went wrong with the acquisition?",
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      "text": "contingent consideration liability: $2.7M",
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      "text": "As part of the VIP acquisition, PetIQ agreed to pay a contingent consideration of $20M ($10M for 2019 and $10M for 2020, based on EBITDA targets). Once the acquisition was concluded, the contingent consideration liability was valued at $9.5M. The basis has since been shifted down to $2.7M as of year-end FY18.",
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      "text": "Significant Adjustment To Contingent Consideration",
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