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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2020
Business Combinations [Abstract] |
Schedule of Acquisition | The allocation of the purchase consideration to the fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):
Working capital | $ | 4,063 |
Property, plant and equipment | 219 |
Acquired intangible assets | 13,000 |
Other assets | 951 |
Other liabilities | (4,027) |
Goodwill | 32,906 |
Fair value of purchase consideration | $ | 47,112 |
The preliminary allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):
Cash | $ | 135 |
Working capital | (19,718) |
Property, plant and equipment | 1,069 |
Acquired intangible assets | 9,750 |
Other current assets | 35 |
Other assets | 1,335 |
Other liabilities | (1,335) |
Goodwill | 16,062 |
Fair value of purchase consideration | $ | 7,333 |
The allocation of the purchase consideration to the fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):
Cash | $ | 4,154 |
Working capital | (1,515) |
Property, plant and equipment | 1,059 |
Acquired intangible assets | 3,000 |
Other assets | 508 |
Other liabilities | (1,081) |
Goodwill | 6,436 |
Fair value of purchase consideration | $ | 12,561 |
The acquisition-related costs consisted of the following for the three and six months ended June 30 (in thousands):
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Selling, general and administrative costs | $ | 588 |  |  | $ | 4 |  |  | $ | 1,848 |  |  | $ | 4 |
Cost of sales | 634 |  |  | — |  |  | 634 |  |  | — |
Total acquisition-related costs | $ | 1,222 |  |  | $ | 4 |  |  | $ | 2,482 |  |  | $ | 4 |
Intangible Assets Acquired | The intangible assets acquired in this acquisition consisted of the following (in thousands):
| Fair Value |  | Weighted-Average Amortization Period
Trademarks | $ | 6,000 |  |  | Indefinite
Technology | 3,200 |  |  | 10 years
Customer relationships | 3,200 |  |  | 11 years
Non-compete agreements | 300 |  |  | 5 years
Backlog | 300 |  |  | 0.25 years
Total | $ | 13,000 |  |  |
The intangible assets acquired in this acquisition consisted of the following (in thousands):
| Fair Value |  | Weighted-Average Amortization Period
Trademarks | $ | 660 |  |  | 3 years
Technology | 2,639 |  |  | 15 years
Customer relationships | 6,451 |  |  | 10 years
Total | $ | 9,750 |  |  |
The intangible assets acquired in this acquisition consisted of the following (in thousands):
| Fair Value |  | Weighted-Average Amortization Period
Trademarks | $ | 1,400 |  |  | Indefinite
Technology | 900 |  |  | 7 years
Customer relationships | 700 |  |  | 6 years
Total | $ | 3,000 |  |  |

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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