XML 43 R33.htm IDEA: XBRL DOCUMENT v3.22.1
Note 4 - Acquisition - Consideration Paid for the Acquisition (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 15, 2021
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Goodwill (3)   $ 50,246 $ 0 $ 50,641
Total cash paid, net of cash acquired   $ (0) $ 206,970  
Honeywell International, Inc. [Member]        
Cash $ 2,655      
Accounts receivable (1) [1] 36,734      
Inventories (2) [2] 41,057      
Property, plant and equipment 16,243      
Goodwill (3) [3] 50,246      
Intangible assets 98,620      
Other assets 1,250      
Accounts payable (18,108)      
Accrued expenses (13,634)      
Total identifiable net assets 215,063      
Cash acquired (2,655)      
Total cash paid, net of cash acquired $ 212,408      
[1] The recorded amount for accounts receivable considers expected uncollectible amounts of approximately $0.6 million in its determination of fair value.
[2] Fair value of finished goods inventories included a preliminary step up value of approximately $3.5 million, of which approximately $0.3 million was expensed during the three months ended March 31, 2021, and are included in "Cost of Goods Sold" in the accompanying unaudited condensed consolidated statements of operations. The remaining $3.2 million was expensed during the year ended December 31, 2021 and as such there was no expense for the three months ended March 31, 2022.
[3] Goodwill consists largely consists of the acquired workforce, expected cost synergies and economies of scale resulting from the Acquisition.