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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

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- References

No definition available.

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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

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