This Report identifies other factors that could cause such differences. Sales are directly solicited from customers by our dedicated sales force. DXP utilizes manufacturer authorized equipment and manufacturer certified personnel. The Company paid approximately $21.0 million in cash and stock. The Company paid approximately $3.2 million in cash. CompetitionOur business is highly competitive. For the most part, our warehouses and regional distribution centers have remained open. We have taken measures to safeguard the health and welfare of our employees. Mr. Padgett was appointed Senior Vice President/Chief Accounting Officer in May 2018. Mr. Gregory joined the Company in August 2006. We face a variety of risks that are substantial and inherent in our businesses. Competitive pressures could adversely affect DXP's sales and profitability. We may not be able to adequately insure against cyber risks. We may be the target of this type of litigation in the future. We are subject to risks associated with conducting business in foreign countries. Mine Safety DisclosuresNot applicable.20Table of ContentsPART IIITEM 5. Innovative Pumping Solutions Segment. The facility will mature on August 29, 2022. The unused line fee was 0.375% at December 31, 2020. As of December 31, 2020, we were not involved in any unconsolidated SPE transactions. The Company believes no significant concentration of credit risk exists. No customer represents more than 10% of consolidated sales. Many of the Company's customers operate in the energy industry. This disruption created a substantial surplus of oil and a decline in oil prices. The estimated fair value of these assets was determined to be below their carrying value. DXP is the primary customer of the VIE. Maintenance and repairs of depreciable assets are charged against earnings as incurred. We accrue for the estimated loss on the self-insured portion of these claims. The accrual is adjusted monthly based on recent claims experience. In August 2018, the FASB issued ASU No. The Company adopted the standard effective January 1, 2020. This resulted in a partial goodwill impairment of $20.5 million for Canada. All of our leases are classified as operating leases. The exercise of lease renewal options is at our sole discretion. The discount rate used in the calculation was 7.9%. Sales are shown net of intersegment eliminations. 000-21513:09846339) filed with the Commission on May 22, 2009). These provisions are summarized below. Requirements for Advance Notification of Stockholder Nominations and Proposals. 7!X1\\.P?:-0CTIKY[B;3[B^,I&52+R MX"&!9ADR$[5ST)- \'I]%*:CXM\\5:W\\8? H^R6__ #PB_P"^!4M% $7V2W_YX1?]\\"C[ M);_\\\\(O^^!4M% $7V2W_ .$7_? H^R6__/"+_O@5+10!%]DM_P#GA%_WP*/LEO\\ \\\\(O^^!4M% $7V2W_P" M$7_? ^9?R7_ J6B@"+R7_Y^9?R7_"C MR7_Y^9?R7_"I:* (O)?_ ) 52T50B+;(961@JJ/K M0 NVX_YZQ?\\ ? 4_PH M_P"$=T7_ * ]A_X"I_A0!HT5G?\\ ".Z+_P! The typical time span of these contracts is approximately one to two years. & Revenues are recorded net of sales taxes. & The standard did not have an impact on our results of operations. & Therefore, the Company performed an interim goodwill impairment test. & Our lease agreements do not include options to purchase the leased property. &
