XML 69 R42.htm IDEA: XBRL DOCUMENT v3.22.0.1

Chem32 Acquisition (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Purchase Price Allocation

The following table sets forth the calculation and allocation of the purchase price to the identifiable net assets acquired with respect to the Acquisition, which was complete as of December 31, 2021:

						Provisional Purchase Price Allocation						Adjustments						Purchase Price Allocation
Cash paid, net of cash acquired						$	41,994					$	645					$	42,639
Holdback						$	2,000					$	(1,000)					$	1,000
Total consideration, net of cash acquired						$	43,994					$	(355)					$	43,639
Recognized amounts of identifiable assets acquired and liabilities assumed:
Receivables						$	1,368					$	—					$	1,368
Inventories						204						—						204
Prepaid and other current assets						351						—						351
Property, plant and equipment						5,046						—						5,046
Other intangible assets						—						22,100						22,100
Other long-term assets						38						149						187
Fair value of assets acquired						7,007						22,249						29,256
Accounts payable						207						—						207
Accrued liabilities						452						(264)						188
Fair value of net assets acquired						6,348						22,513						28,861
Goodwill						37,646						(22,868)						14,778
						$	43,994					$	(355)					$	43,639

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The valuation of the intangible assets acquired and the related weighted-average amortization periods are as follows:

						Amount						Weighted-Average Expected Useful Life (in years)
Intangible assets subject to amortization:
Customer relationships						$	16,000					10
Technical know-how						3,800						10
Non-compete agreements						700						5
Trade names						1,600						10
Total intangible assets subject to amortization						$	22,100

X

- References

No definition available.

+ Details

Name:	us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration