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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Schedule of Allocation of the Purchase Price Consideration of the Fair Value of Assets Acquired and Liabilities Assumed

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			$	1,712
Working capital			23,833
Property, plant and equipment			8,345
Acquired intangible assets			51,700
Other assets			1,478
Other liabilities			(2,081)
Goodwill			143,245
Fair value of purchase consideration			$	228,232

The preliminary allocation of the purchase price of the four 2020 acquisitions noted above - Sunfig, Architectural Mailboxes, Delta Separations, and Thermo - is subject to adjustments during the measurement period as third-party valuations are finalized. The preliminary allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed in these four acquisitions is as follows as of the respective date of the acquisition (in thousands):

Cash			$	145
Working capital			(14,930)
Property, plant and equipment			1,740
Acquired intangible assets			38,296
Other current assets			1,528
Other assets			2,381
Other liabilities			(5,508)
Goodwill			61,436
Fair value of purchase consideration			$	85,088

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 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			$	915
Working capital			680
Property, plant and equipment			483
Acquired intangible assets			1,450
Other assets			13
Other liabilities			(51)
Goodwill			2,879
Fair value of purchase consideration			$	6,369

Schedule of Acquired Intangible Assets

The intangible assets acquired in this acquisition consisted of the following (in thousands):

			Fair Value						Weighted-Average Amortization Period
Trademarks			$	16,400					Indefinite
Trademarks			300						7 years
Technology			2,500						15 years
Customer relationships			24,000						10 years
Non-compete agreements			2,200						5 years
Backlog			6,300						Less than 1 year
Total			$	51,700

The intangible assets acquired in the four acquisitions noted above consisted of the following (in thousands):

			Fair Value						Weighted-Average Amortization Period
Trademarks			$	8,200					Indefinite
Trademarks			1,177						3 years
Technology			8,175						7 - 15 years
Customer relationships			18,780						5 - 13 years
Non-compete agreements			1,036						5 years
Backlog			928						Less than 1 year
Total			$	38,296

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

The intangible assets acquired in this acquisition consisted of the following (in thousands):

			Fair Value						Weighted-Average Amortization Period
Trademarks			$	300					3 years
Technology			450						9 years
Customer relationships			700						9 years
Total			$	1,450

Schedule of Business Combination Costs

All acquisition related costs consisted of the following for the years ended December 31 (in thousands):

			2020						2019						2018
Cost of sales			$	634					$	401					$	—
Selling, general and administrative costs			3,230						1,517						497
Total acquisition related costs			$	3,864					$	1,918					$	497

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Schedule of Business Combination Costs [Table Text Block]

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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.

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-Name Accounting Standards Codification
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Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

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