XML 44 R30.htm IDEA: XBRL DOCUMENT v3.22.4

Note 2 - Acquisitions and Divestiture (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Fair value of considerations transferred
Cash paid at closing		$	23,608
Other liability			395
Cash from Advant			(2,840	)
Total consideration		$	21,163
Purchase price allocation
Accounts receivable		$	2,299
Inventory			2,410
Other current assets			213
Property, plant, and equipment			5,704
Customer contracts & relationships			2,925
Intellectual property			2,127
Non-compete agreement			259
Lease right of use assets			289
Other assets			41
Goodwill			7,140
Total identifiable assets		$	23,407
Accounts payable			(772	)
Accrued expenses			(668	)
Income taxes			(66	)
Deferred taxes			(449	)
Lease liabilities			(289	)
Net assets acquired		$	21,163

Fair value of considerations transferred
Cash paid at closing		$	95,000
Contingent liability (Earn-out)			5,188
Non-compete agreements			8,855
Cash from DAS			(8,316	)
Working capital adjustment			(115	)
Total consideration		$	100,612
Purchase price allocation
Accounts receivable		$	2,351
Inventory			7,570
Other current assets			68
Property, plant, and equipment			3,314
Customer contracts & relationships			36,730
Intellectual property			2,380
Non-compete agreement			4,697
Lease right of use assets			1,221
Goodwill			51,742
Total identifiable assets		$	110,073
Accounts payable			(5,238	)
Accrued expenses			(2,995	)
Deferred revenue			(7	)
Lease liabilities			(1,221	)
Net assets acquired		$	100,612

Fair value of consideration transferred:
Cash paid at closing		$	9,766
Contingent liability (Earn-out)			4,543
Other liability			500
Cash from Contech			(266	)
Total consideration		$	14,543
Purchase Price Allocation:
Accounts receivable		$	2,851
Inventory			2,320
Other current assets			37
Property, plant and equipment			1,170
Customer Contracts & Relationships			3,043
Intellectual Property			2,247
Non-Compete agreement			86
Lease right of use assets			1,523
Goodwill			4,278
Total identifiable assets		$	17,555
Accounts payable			(1,015	)
Accrued expenses			(414	)
Deferred revenue			(60	)
Lease liabilities			(1,523	)
Net assets acquired		$	14,543

Business Acquisition, Pro Forma Information [Table Text Block]

		Year Ended December 30,
		2022				2021
		(Unaudited)				(Unaudited)
Sales		$	358,196			$	291,403
Operating Income		$	56,321			$	27,729
Net Income		$	42,311			$	21,805
Earnings per share:
Basic		$	5.59			$	2.90
Diluted		$	5.52			$	2.86

		Year Ended December 31,
		2021				2020
		(Unaudited)				(Unaudited)
Sales		$	269,932			$	235,328
Operating Income		$	25,878			$	22,617
Net Income		$	20,562			$	18,354
Earnings per share:
Basic		$	2.73			$	2.45
Diluted		$	2.70			$	2.43

X

- 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

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration