XML 34 R28.htm IDEA: XBRL DOCUMENT
v3.24.3

Product and Business Acquisitions | 9 Months Ended
--- | ---
Sep. 30, 2024
Business Combinations [Abstract] |
Business Acquisitions | 15. Business Acquisitions — On October 5, 2023, the Company completed the acquisition of all outstanding stock of Punto Verde S.A. Punversa (Punto Verde), a well-established distributor in Guayaquil, Ecuador, to strengthen its product portfolio and market access in the Latin American region. The Company paid cash consideration of $4,492, which was net of cash acquired of $233. The acquisition was accounted for as a business combination and the purchase consideration was allocated as follows:
|  | Preliminary Allocation at December 31, 2023 |  |  | Adjustments recorded in 2024 |  |  | Final Allocation |
Trade receivables |  | $ | 1,883 |  |  | $ | — |  |  | $ | 1,883 |
Inventory and other current assets |  |  | 1,330 |  |  |  | — |  |  |  | 1,330 |
Property, plant, and equipment |  |  | 45 |  |  |  | 90 |  |  |  | 135 |
Customer relationships |  |  | — |  |  |  | 1,300 |  |  |  | 1,300 |
Product registrations and product rights |  |  | 104 |  |  |  | 396 |  |  |  | 500 |
Goodwill |  |  | 2,948 |  |  |  | (1,339 | ) |  |  | 1,609 |
Liabilities assumed |  |  | (1,818 | ) |  |  | (447 | ) |  |  | (2,265 | )
Total |  | $ | 4,492 |  |  | $ | — |  |  | $ | 4,492 |
Liabilities assumed include liabilities of $447 related to income tax matters. Goodwill is not expected to be deductible for income tax purposes. The operating results of Punto Verde have been included in the Company's consolidated statements of operations from the date of acquisition. Pro-forma financial information is not included herein as the pro-forma impact of the acquisition is not material.

X
- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805/tableOfContent + Details
Name: | us-gaap_BusinessCombinationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration