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Product and Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Purchase Consideration

.  The purchase consideration was allocated as follows:

		Preliminary Allocation at December 31, 2020				Adjustments to Fair Value recorded in 2021				Final Allocation
Trade receivables		$	2,358			$	(81	)		$	2,277
Inventory and other current assets			5,133				238				5,371
Property, plant, and equipment			5,004				137				5,141
Product registrations and product rights			250				(200	)			50
Liabilities assumed			(4,963	)			77				(4,886	)
Bargain			(4,657	)			(171	)			(4,828	)
Total		$	3,125			$	—			$	3,125

Schedule of Business Combination and the Purchase Consideration

The acquisition was accounted for as a business combination and the purchase consideration was allocated as follows:

		Preliminary Allocation at December 31, 2020				Adjustments to Fair Value recorded in 2021				Final Allocation
Trade receivables		$	1,508			$	—			$	1,508
Inventory and other current assets			5,698				—				5,698
Property, plant, and equipment			73				—				73
Product registrations and product rights			6,395				1,932				8,327
Trade names and trademarks			1,195				(844	)			351
Distribution agreements			—				3,584				3,584
Customer relationships and customer lists			632				(246	)			386
Goodwill			8,672				(4,054	)			4,618
Liabilities assumed			(5,326	)			(1,327	)			(6,653	)
Total consideration		$	18,847			$	(955	)		$	17,892

AgNova

Schedule of Purchase Consideration

The purchase price consideration was as follows:

		Preliminary Consideration at December 31, 2020				Adjustments to Consideration recorded in 2021				Final Consideration
Cash		$	16,997			$	—			$	16,997
Less cash acquired			(157	)			—				(157	)
Contingent consideration			2,007				(955	)			1,052
Total consideration		$	18,847			$	(955	)		$	17,892

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- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

+ References

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- 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
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-Name Accounting Standards Codification
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