BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Summary of Assets Acquired and Liabilities Assumed

 

Cash consideration	$	33,872
Contingent consideration		1,670
	$	35,542
Allocation of purchase price:
Current assets, including cash of $492	$	2,204
Property and equipment		1,869
Accounts payable and accrued liabilities		(906	)
Net tangible assets		3,167
Identifiable intangible assets		16,840
Goodwill		15,535
Total purchase price	$	35,542

Schedule of Intangible Assets Identified

The following table presents the intangible assets identified in the transaction:

Category	Estimated fair value (in thousands)		Estimated useful life (in years)
Customer relationships	$	10,520		11.5
Developed IP, processes and recipes		4,820		15.0
Trade name/Trademarks		1,500		10.0
Total identifiable intangible assets	$	16,840

Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information assumes the acquisition of Adesis occurred at the beginning of the respective periods presented (in thousands):

	2016
Revenue	$	202,547
Net income		44,718