XML 43 R33.htm IDEA: XBRL DOCUMENT v3.24.0.1
Note 2 - Significant Transactions - Allocation of Preliminary Price (Details) - USD ($)
$ in Thousands
 9 Months Ended
Oct. 16, 2023
Dec. 31, 2023
Dec. 31, 2022
Mar. 31, 2023
Goodwill (d)   $ 346,183   $ 286,444
Total purchase price, net of cash acquired and subject to adjustments for working capital   79,700 $ 4,950  
GKE Acquisition [Member]        
Cash and cash equivalents $ 4,192      
Accounts receivable (a) 2,252      
Inventories (b) 3,823 [1] $ 4,077    
Other current assets 188      
Total current assets 10,455      
Property, plant and equipment (c) [2] 2,772      
Other noncurrent assets 3,030      
Goodwill (d) 54,470      
Total assets acquired 107,919      
Accounts payable 11      
Other current liabilities 2,491      
Deferred tax liabilities 9,763      
Other long-term liabilities 2,673      
Total liabilities assumed 14,938      
Total purchase price, net of cash acquired and subject to adjustments for working capital $ 88,789      
GKE Acquisition [Member] | Customer Relationships [Member]        
Intangible assets, life (Year) 7 years      
Intangible assets $ 26,876      
Intangible assets. life (Year) 7 years      
GKE Acquisition [Member] | Intellectual Property [Member]        
Intangible assets, life (Year) 7 years      
Intangible assets $ 3,524      
Intangible assets. life (Year) 7 years      
GKE Acquisition [Member] | Trade Names [Member]        
Intangible assets, life (Year) 10 years      
Intangible assets $ 6,049      
Intangible assets. life (Year) 10 years      
GKE Acquisition [Member] | Noncompete Agreements [Member]        
Intangible assets, life (Year) [3] 3 years      
Intangible assets [3] $ 743      
Intangible assets. life (Year) [3] 3 years      
[1] Includes $1,507 of preliminary inventory step up, which we expect to amortize within approximately three fiscal quarters from the acquisition date. During the period from October 16, 2023 to December 31, 2023, $412 of inventory step up amortization was recorded to cost of revenues. Preliminary accounting for the fair value step up of GKE China's inventory is incomplete due to the recent closing date.
[2] Includes $1,727 of preliminary property, plant and equipment step up, which will be amortized based on the underlying assets' expected lives. During the period from October 16, 2023 to December 31, 2023, $83 of depreciation expense was recorded related to the property, plant and equipment fair value step up.
[3] Acquired amortizable intangible assets are currently expected to be amortized on a straight line basis over a weighted average period of 7.4 years. The identified intangible assets will be amortized on a straight line basis over their useful lives, which approximates the pattern that the assets' economic benefits are expected to be consumed. Amortization expense for customer relationships, tradenames, and noncompete agreements will be expensed to general and administrative expense, and amortization expense for intellectual property will be expensed to cost of revenues. During the period from October 16, 2023 to December 31, 2023, $838 of amortization expense was recorded to general and administrative costs and $122 of amortization expense was recorded to cost of revenues in the Sterilization Disinfection Control division.