Schedule of Assets Acquired and Liabilities Assumed |
The purchase price allocated to the underlying assets acquired, including goodwill and intangibles, and liabilities assumed based on the final amounts are as follows (in thousands):` | | | | | | | | | | | Amount | Cash and cash equivalents | | $ | 1,680 | | Accounts receivable | | 1,017 | | Inventory | | 3,047 | | Property, plant and equipment | | 669 | | Operating lease, right-of-use-assets | | 2,554 | | Prepaid expenses and other assets | | 916 | | Tangible assets acquired | | 9,883 | | Deferred revenue | | (2,529) | | Accounts payable and accrued liabilities | | (1,268) | | Operating lease liabilities | | (2,554) | | Deferred tax liability | | (2,400) | | Total net tangible assets acquired and liabilities assumed | | 1,132 | | Intangible assets | | 11,520 | | Goodwill | | 5,908 | | Net assets acquired | | $ | 18,560 | | The purchase price allocated to the underlying assets acquired, including goodwill and intangibles, and liabilities assumed based on the final amounts are as follows (in thousands): | | | | | | | | | | | Amount | Accounts receivable | | $ | 4,365 | | Inventory | | 2,727 | | Property, plant and equipment | | 9,053 | | Operating lease, right-of-use-assets | | 519 | | Prepaid expenses and other assets | | 56 | | Tangible assets acquired | | 16,720 | | Accounts payable and accrued liabilities | | (743) | | Operating lease liabilities | | (519) | | Total net tangible assets acquired and liabilities assumed | | 15,458 | | Intangible assets | | 13,600 | | Goodwill | | 5,942 | | Net assets acquired | | $ | 35,000 | | We have finalized our allocation of the assets acquired, including goodwill and intangibles, and liabilities assumed for the purchase as follows (in thousands): | | | | | | | | | | | Amount | Cash and cash equivalents | | $ | 1,687 | | Accounts receivable | | 3,079 | | Inventory | | 2,643 | | Property, plant and equipment | | 696 | | Operating lease, right-of-use-assets | | 335 | | Prepaid expenses and other assets | | 838 | | Tangible assets acquired | | 9,278 | | Customer deposits | | (1,933) | | Accounts payable and accrued liabilities | | (1,182) | | Operating lease liabilities | | (335) | | Deferred tax liabilities | | (5,757) | | | | | Total net tangible assets acquired and liabilities assumed | | 71 | | Intangible assets | | 17,429 | | Goodwill | | 11,123 | | Net assets acquired | | $ | 28,623 | |
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Summary of Finite-Lived Intangible Assets Acquired |
The intangible assets as of the acquisition date included (in thousands): | | | | | | | | | | | | | | | | | Amount | | Weighted Average Useful Life (in years) | Developed technologies | | $ | 7,500 | | | 10.0 | Customer relationships | | 3,600 | | | 5.0 | Order backlog | | 200 | | | 0.5 | Trade names | | 220 | | | 5.0 | Total intangible assets | | $ | 11,520 | | | 8.2 | The intangible assets as of the acquisition date included (in thousands): | | | | | | | | | | | | | | | | | Amount | | Weighted Average Useful Life (in years) | Developed technologies | | $ | 8,800 | | | 10.0 | Customer relationships | | 4,400 | | | 3.0 | In-process research and development | | 400 | | | N/A | Total intangible assets | | $ | 13,600 | | | 7.7 | The intangible assets as of the closing date of the acquisition included (in thousands): | | | | | | | | | | | | | | | | | Amount | | Weighted Average Useful Life (in years) | Developed technologies | | $ | 12,505 | | | 8.0 | Customer relationships | | 3,071 | | | 6.0 | Order backlog | | 1,645 | | | 0.5 | Trade names | | 208 | | | 2.0 | | | | | | Total intangible assets | | $ | 17,429 | | | 6.9 |
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