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Acquisitions (Tables)

9 Months Ended

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

X

- 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

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- References

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X

- 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

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