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ACQUISITIONS (Tables)

12 Months Ended

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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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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-Section 50
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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.

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