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ACQUISITIONS (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Combinations [Abstract] |
Summary of Purchase Price | The purchase price, as adjusted, has been determined to be as follows (in thousands):
Cash | $ | 217,511 |
Share consideration | 76,905 |
Total purchase price | $ | 294,416 |
Summary of Purchase Price Allocated Based on Estimated Fair Value of Assets and Liabilities | The purchase price was allocated based on the Company’s final estimate of the fair value of the assets acquired and liabilities assumed, as follows (in thousands):
Accounts receivable | $ | 26,224 |
Inventory | 29,044 |
Other assets | 5,620 |
Other liabilities | (23,018) |
Deferred income tax | (13,881) |
Goodwill and other intangibles | 270,427 |
Total allocated value | $ | 294,416 |
Summary of Pro Forma Consolidated Net Sales and Income (Loss) Before Income Taxes and Equity in Earnings |
|  |  | Year ended December 31, |  |  |  |
|  |  | 2018 |  |  |  |
|  | (In thousands, except per share data) |  |
Net sales |  |  | $ | 730,353 |  |  |  |  |
Income before income taxes and equity in earnings |  |  | 2,439 |  |  |  |  |
Net loss |  |  | (267) |  |  |  |  |
Basic and diluted loss per common share |  |  | $ | (0.01) |  |  |  |  |

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