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Business Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Combinations [Abstract] |
Schedule of Allocation of Purchase Price | The following table summarizes the 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 |  | 1,992 |
Inventories |  | 525 |
Prepaid expenses and other current assets |  | 452 |
Right of use assets related to finance lease |  | 5,686 |
Property, plant and equipment |  | 4,884 |
Amortizable intangible assets (see Note 15) |  | 10,302 |
Goodwill |  | 17,676 |
Total assets acquired |  | $ | 44,110 |
Liabilities assumed |  |
Accounts payable |  | $ | 65 |
Accrued liabilities |  | 2,777 |
Lease liabilities |  | 502 |
Deferred income taxes |  | 3,182 |
Other noncurrent liabilities |  | 5,184 |
Total liabilities assumed |  | $ | 11,710 |
Net assets acquired |  | $ | 32,400 |
Purchase of business, net of cash acquired |  | $ | 30,793 |
Summary of Operational Results | 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=121647850&loc=d3e4845-128472 + Details
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