XML 32 R23.htm IDEA: XBRL DOCUMENT v3.23.1

Note 2 - Acquisitions and Divestiture (Tables)

3 Months Ended

Mar. 31, 2023

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

Business Acquisition, Pro Forma Information [Table Text Block]

		Three-month Period Ended
		March 31, 2022
		(Unaudited)
Sales		$	75,469
Operating income		$	7,023
Net income		$	5,346
Earnings per share:
Basic		$	0.71
Diluted		$	0.70

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
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

+ 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
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479907/805-20-50-1

+ 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