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SIGNIFICANT ACQUISITIONS (Tables) | 6 Months Ended
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Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Estimated Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed:
Cash and cash equivalents |  | $ | 6,365 |
Accounts receivable |  | 8,036 |
Inventories |  | 17,701 |
Property, plant and equipment |  | 9,854 |
Right of use assets |  | 3,349 |
Customer relationships |  | 113,545 |
Developed technology |  | 18,166 |
Trademarks |  | 6,055 |
Other assets |  | 2,399 |
Accounts payable |  | (3,301) |
Bank debt |  | (30,648) |
Lease liabilities |  | (3,349) |
Other liabilities |  | (4,373) |
Deferred income taxes, net |  | (29,127) |
Goodwill |  | 212,591 |
Total consideration on acquisition date |  | 327,263 |
Contingent consideration liability |  | (24,726) |
Net gains on foreign currency exchange forward contracts |  | (512) |
Amount paid to shareholders |  | 302,025 |
Kappa bank debt paid on purchase date |  | 30,648 |
Total amount paid on acquisition date |  | $ | 332,673 |
Schedule of Unaudited Pro Forma Information | The following preliminary unaudited pro forma information has been prepared as if the acquisition had occurred on January 1, 2021.
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | Net Sales |  | Net Earnings |  | Net Sales |  | Net Earnings
Kappa actual results included in the Company's consolidated income statement from June 21, 2022 through June 30, 2022 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
2022 Supplemental pro forma combined financial information |  | $ | 247,430 |  |  | $ | 30,172 |  |  | $ | 489,170 |  |  | $ | 58,648 |
2021 Supplemental pro forma combined financial information |  | $ | 213,032 |  |  | $ | 26,344 |  |  | $ | 410,649 |  |  | $ | 50,379 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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