Annual report pursuant to Section 13 and 15(d)

Acquisitions and Divestitures (Tables)

v3.22.4
Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
We completed the purchase accounting valuation for this transaction in 2021 and recorded the final purchase price allocation as follows (in thousands):

Description Fair Value
Accounts receivable $ 6,410 
Inventories 13,240 
Prepaid expenses and other current assets 620 
Property and equipment 368 
Intangibles - customer related 16,000 
Goodwill 10,019 
Operating lease right-of-use-assets 3,043 
Long-term deferred tax assets 1,775 
Accounts payable (6,112)
Accrued expenses and other current liabilities (1,936)
Long-term operating lease liabilities (2,874)
Net assets acquired, excluding cash $ 40,553 
Cash consideration, net of cash acquired $ 38,553 
Acquisition date estimated fair value of earn-out obligation 2,000 
Total consideration $ 40,553