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Acquisition Activity (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations [Abstract] |
Schedule of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary fair values assigned to the assets and liabilities of DSI as of November 1, 2019 (in thousands):
Working capital (a) | $ | 6,874 |
Property and equipment | 1,727 |
Long-term deferred income tax liability | (4,321 | )
Non-Controlling interest | (299 | )
Intangible assets: |
Patents and acquired technology | 10,250 |
Customer relationships | 4,344 |
Trade names | 3,300 |
Total intangible assets | 17,894 |
Fair value of acquired identifiable assets and liabilities | 21,875 |
Purchase price | 40,481 |
Goodwill | $ | 18,606 |
(a) Working capital accounts include accounts receivable, inventory, prepaid expenses, accounts payable, accrued expenses, and accrued payroll.
Schedule of Acquisition Costs | The Company recorded acquisition costs of associated with this transaction in its consolidated statements of operation as follows (in thousands):
| Year ended December 31, 2019
Accounting and legal fees | $ | 214 |
Appraisal fees | 13 |
Other | 216 |
| $ | 443 |
Business Acquisition, Pro Forma Information | Following are the supplemental consolidated financial results for the Company on a unaudited pro forma basis, as if the DSI acquisition had been consummated on January 1, 2018 (unaudited):
| Year ended December 31,
| 2019 |  | 2018
Pro forma net revenues | $ | 298,085 |  |  | $ | 314,437 |
Pro forma net earnings attributable to VPG stockholders | $ | 22,775 |  |  | $ | 23,821 |
Pro forma basic earnings per share attributable to VPG stockholders | $ | 1.69 |  |  | $ | 1.77 |
Pro forma diluted earnings per share attributable to VPG stockholders | $ | 1.68 |  |  | $ | 1.76 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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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