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Business Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations [Abstract] |
Schedule of Allocation of Purchase Price | The seller provided representations, warranties and indemnities customary for acquisition transactions, including indemnities for certain customer claims identified, before closing. The acquired entity is part of the AEC segment. CirComp specializes in designing and manufacturing customized engineered composite components for aerospace and other demanding industrial applications. The following table summarizes the provisional allocation of the purchase price to the fair value of the assets and liabilities acquired:
(in thousands) |  | November 20, 2019
Assets acquired |  |
Cash |  | $1,607
Accounts receivable |  | 986
Contract assets |  | 2,269
Inventories |  | 525
Prepaid expenses and other current assets |  | 452
Right of use assets |  | 5,686
Property, plant and equipment |  | 4,884
Amortizable intangible assets (see Note 15) |  | 9,973
Goodwill |  | 17,343
Total assets acquired |  | $43,725
Liabilities assumed |  |
Accounts payable |  | $65
Accrued liabilities |  | 2,249
Lease liabilities |  | 502
Deferred income taxes |  | 3,325
Other noncurrent liabilities |  | 5,184
Total liabilities assumed |  | $11,325
Net assets acquired |  | $32,400
Purchase of business, net of cash acquired |  | $30,793
Schedule of Operational Results of Acquired Business | The following table presents operational results of the acquired entity that are included in the Consolidated Statements of Income (unaudited):
(in thousands, except per share amounts) |  | November 20 to December 31, 2019
Net sales |  | $485
Operating loss |  | (162)
Loss before income taxes |  | (199)
Net loss attributable to the Company |  | (324)
Loss per share: |  |
Basic |  | $(0.01)
Diluted |  | $(0.01)

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- 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 http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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