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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2020
Business Combinations [Abstract] |
Schedule of Preliminary Allocation of Total Consideration of Assets Acquired and Liabilities Assumed | The following table shows the initial estimate of value and revisions made during 2019:
(in thousands) | Initial estimate |  | Revisions |  | Final
Inventories | $ | 5,564 |  |  | $ | — |  |  | $ | 5,564 |
Accounts receivable | 3,534 |  |  | — |  |  | 3,534 |
Other current assets - production and maintenance supplies | 605 |  |  | — |  |  | 605 |
Property, plant and equipment | 2,793 |  |  | — |  |  | 2,793 |
Customer list intangible | 10,000 |  |  | (496) |  |  | 9,504 |
Goodwill | 7,044 |  |  | 714 |  |  | 7,758 |
Contingent consideration (earn-out liability) | (6,148) |  |  | (218) |  |  | (6,366) |
Accounts payable | (1,400) |  |  | — |  |  | (1,400) |
Other liabilities | (97) |  |  | — |  |  | (97) |
| $ | 21,895 |  |  | $ | — |  |  | $ | 21,895 |
Schedule of Unaudited Pro Forma Financial Information | ASTI's results of operations are reflected in the Company's Condensed Consolidated Statements of Operations as follows:
|  |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) |  |  |  |  | 2020 |  | 2019 |  | 2020 |  | 2019
Net sales |  |  |  |  | $ | 8,020 |  |  | $ | 8,469 |  |  | $ | 22,920 |  |  | $ | 26,539 |
Income before taxes |  |  |  |  | $ | (4,233) |  |  | $ | 902 |  |  | $ | (2,515) |  |  | $ | 2,001 |

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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=121647850&loc=d3e4845-128472 + Details
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