Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.21.2
Acquisition (Tables)
 9 Months Ended
Sep. 30, 2021
Business Combinations [Abstract]  
Purchase price allocation
The following table sets forth the calculation of the purchase price to the identifiable net assets acquired with respect to the Acquisition, which was substantially complete as of September 30, 2021:
Provisional Purchase
Price Allocation		 Adjustments Purchase
Price Allocation
Cash paid, net of cash acquired $ 41,994  $ 788  $ 42,782 
Holdback 2,000  (1,000) 1,000 
Total consideration, net of cash acquired $ 43,994  $ (212) $ 43,782 
Recognized amounts of identifiable assets acquired and liabilities assumed:
Receivables $ 1,368  $ —  $ 1,368 
Inventories 204  —  204 
Prepaid and other current assets 351  —  351 
Property, plant and equipment 5,046  —  5,046 
Other intangible assets —  22,100  22,100 
Other long-term assets 38  153  191 
Fair value of assets acquired 7,007  22,253  29,260 
Accounts payable 207  —  207 
Accrued liabilities 452  (264) 188 
Fair value of net identifiable assets acquired 6,348  22,517  28,865 
Goodwill 37,646  (22,729) 14,917 
  $ 43,994  $ (212) $ 43,782 
   
Finite-Lived Intangible Assets Acquired as Part of Business Combination
The valuation of intangibles assets acquired and the related weighted-average amortization periods are as follows:
Amount Weighted-Average
Expected Useful Life
(in years)
Intangible assets subject to amortization:
Customer relationships $ 16,000  10
Technical know-how 3,800  10
Contracts 700  5
Trade names 1,600  10
Total intangible assets subject to amortization $ 22,100