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ACQUISITIONS AND DIVESTITURES (Tables)
 3 Months Ended
Mar. 31, 2021
Mergers, Acquisitions and Dispositions [Abstract]  
Disposal Groups, Including Discontinued Operations
Assets and liabilities divested consisted of the following as of December 31, 2020 (amounts in thousands):
Prepaid expenses and other current assets$713 
Right of use asset-operating leases and Other assets3,186 
Deferred tax assets
6,589 
Intangible assets, net13,332 
Property, plant and equipment, net37,893 
Goodwill47,546 
Inventories52,845 
Total assets held for sale $162,104 
Other liabilities
336 
Current portion of lease liability - operating leases539 
Accrued compensation
1,767 
Deferred tax liabilities
3,440 
Lease liability - operating leases5,669 
Total liabilities held for sale$11,751 
Schedule of Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the acquisition date:
Preliminary ValuationWeighted Average Life
(In thousands)
Current assets:
Cash$2,726 
Trade accounts receivable, net 16,469 
Inventories, net18,299 
Prepaids expenses and other current assets1,498 
Total current assets38,992 
Property, plant and equipment, net13,769 
Intangible assets245,000 
13-14 years
Goodwill92,983 
Right of use asset - operating leases9,259 
Deferred tax assets9,768 
Other assets148 
Total assets acquired409,919 
Current liabilities:
Accounts payable$718 
Accrued expenses6,227 
Current portion of lease liability - operating leases1,673 
Total current liabilities8,618 
Other long-term liability276
Lease liability - operating leases7,585 
Deferred tax liability64,178 
Contingent consideration23,900 
Total liabilities assumed104,557 
Net assets acquired$305,362