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ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2022
SL Power Electronics Corporation  
Business Acquisition [Line Items]  
Schedule of components of fair value of total consideration transferred

Cash paid for acquisition

    

$

145,616

Less cash acquired

(3,484)

Total fair value of purchase consideration

$

142,132

Schedule of fair value of assets acquired and liabilities assumed

    

Fair Value

Current assets and liabilities, net

$

11,990

Property and equipment

4,191

Operating lease right-of-use assets

4,640

Deferred taxes and other liabilities

(2,335)

Intangible assets

57,600

Goodwill

70,686

Operating lease liability

(4,640)

Total fair value of net assets acquired

$

142,132

Summary of intangible assets acquired

    

    

Amortization

    

Useful Life

Fair Value

Method

(in years)

Customer relationships

$

50,500

 

Straight-line

 

10

Technology

 

7,100

 

Straight-line

 

5

Total

$

57,600

 

  

 

  

Summary of revenue from SL power

Year Ended December 31, 

    

2022

Sales, net

$

50,321

TEGAM, Inc.  
Business Acquisition [Line Items]  
Schedule of components of fair value of total consideration transferred

Cash paid at closing

    

$

15,430

Cash paid for indemnity holdback released in June 2022

1,800

Less cash acquired

(177)

Total fair value of purchase consideration

$

17,053

Schedule of fair value of assets acquired and liabilities assumed

    


Fair Value

Current assets and liabilities, net

$

3,475

Property and equipment

755

Operating lease right-of-use assets

425

Intangible assets

6,900

Goodwill (deductible for tax purposes)

5,917

Other

6

Operating lease liability

(425)

Total fair value of net assets acquired

$

17,053

Summary of intangible assets acquired

    

Fair Value

    

Amortization Method

    

Useful Life
(in years)

Technology

$

1,100

 

Straight-line

 

5

Customer relationships

 

5,500

 

Straight-line

 

15

Tradename

 

300

 

Straight-line

 

5

Total

$

6,900