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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Preliminary Allocation of Total Consideration of Assets Acquired and Liabilities Assumed

The table below summarizes the preliminary estimates of fair value of identifiable assets acquired and liabilities assumed in the Acquisition. These preliminary estimates of the fair value are subject to revisions, which may result in an adjustment to the preliminary values presented below.

(in thousands)			October 22, 2021
Cash and cash equivalents			$	1,533
Accounts receivable, net of allowance for credit losses of $118			5,358
Inventories, net			1,561
Prepaid expenses and other current assets			454
Property, plant and equipment, net			15,697
Right of use asset, operating leases, net			208
Intangible assets, net			5,750
Total identifiable assets acquired			30,561
Accounts payable			1,751
Accrued expenses and other current liabilities			1,622
Current portion of operating lease liabilities			51
Current portion of finance lease liabilities			215
Deferred income taxes			2,542
Long-term portion of operating lease liabilities			157
Long-term portion of finance lease liabilities			1,408
Total identifiable liabilities assumed			7,746
Net identifiable assets acquired			22,815
Transaction price			34,097
Goodwill			$	11,282

Schedule of Business Acquisitions, by Acquisition

Total net sales and operating income for DanChem for the three and six months ended June 30, 2022 were as follows:

(in thousands)			Three Months Ended June 30, 2022			Six Months Ended June 30, 2022
Net sales			$	8,387		$	15,861
Operating income			$	207		$	442

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- References

No definition available.

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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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- 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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472

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