Acquisition |
6 Months Ended |
|---|---|
Jun. 28, 2019 | |
| Subsequent Events [Abstract] | |
| Acquisition | Acquisition On May 3, 2019, the Company acquired substantially all assets of Air Ride Technologies, Inc. dba RideTech, a manufacturer of suspension systems that enhance the handling and ride quality of muscle cars, trucks, sports cars and hot rods. In connection with the acquisition, the Company paid approximately $13,971, of which $6,804 was cash on hand and $7,167 was from newly issued unregistered shares of common stock. The allocation of the purchase price to the assets acquired and liabilities assumed, including $5,156 in net working capital and $6,000 in identifiable intangible assets, is preliminary and subject to the completion of the Company's validation of working capital and its intangible valuation procedures, with the assistance of specialists. Goodwill acquired of $2,815, is expected to be deductible for income tax purposes. The acquisition was not material to the Company's financial statements.
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