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Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed
The following table reflects the estimated fair value of the assets acquired and liabilities assumed as of the acquisition date (in thousands):

Cash$87  
Accounts receivable6,278  
Inventory17,731  
Prepaid and other assets1,451  
Property, plant and equipment13,439  
Intangible assets14,095  
Deferred tax liability(4,265) 
Other liabilities assumed(8,302) 
Net assets assumed$40,514  
Goodwill12,097  
Acquisition Price$52,611  
The following table reflects the estimated fair value of the assets acquired and liabilities assumed as of the acquisition date (in thousands):

Accounts receivable$13,966  
Inventory72,972  
Prepaid and other assets5,180  
Rental Equipment1,133  
Property, plant and equipment44,552  
Intangible assets149,015  
Deferred tax liability(7,628) 
Other liabilities assumed(32,275) 
Net assets assumed$246,915  
Goodwill102,662  
Total Acquisition Price net cash349,577  
Plus: Cash4,735  
Total Consideration354,312  
Schedule of Business Acquisition, Pro Forma Information The unaudited pro forma statement of income of the Company is as follows:
(Unaudited)
Year Ended
December 31,
(In thousands, except per share amounts)20192018
Net sales$1,329,901  $1,214,285  
Net income$69,417  $56,697  
Diluted earnings per share$5.88  $4.82