Acquisition (Tables)

12 Months Ended

Dec. 31, 2022

Business Combinations [Abstract]

Schedule of Assets Acquired and Liabilities Assumed

The fair value of assets acquired, including goodwill and intangibles, and liabilities assumed for the purchase are as follows (in thousands):

	Amount
Accounts receivable	178
Inventories	7,041
Property, plant and equipment	479
Prepaid expenses and other assets	117
Other asset	28
Tangible assets acquired	7,843
Deferred revenue	(5,513)
Accounts payable and accrued liabilities	(30)
Total net tangible assets acquired and liabilities assumed	2,300
Intangible assets	500
Goodwill	550
Net assets acquired	$	3,350

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

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