Business Combinations (Tables)

12 Months Ended

Dec. 31, 2020

ARGES GmbH

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

The final purchase price for ARGES was allocated as follows (in thousands):

	Amount
Cash	$	3,159
Accounts receivable		1,430
Inventories		7,129
Property, plant and equipment		14,095
Intangible assets		24,713
Goodwill		42,951
Other assets		2,244
Total assets acquired		95,721
Accounts payable		2,598
Deferred tax liabilities		5,510
Other liabilities		14,462
Total liabilities assumed		22,570
Total assets acquired, net of liabilities assumed		73,151
Less: cash acquired		3,159
Total purchase price, net of cash acquired		69,992
Less: contingent consideration		7,870
Less: issuance of common shares		10,900
Less: deferred cash consideration		27,664
Initial cash purchase price, net of cash acquired	$	23,558

Fair Value of Intangible Assets

The fair value of intangible assets for ARGES is comprised of the following (dollar amounts in thousands):

			Weighted Average
	Estimated Fair		Amortization
	Value		Period
Developed technologies	$	11,355	15 years
Customer relationships		11,800	15 years
Trademarks and trade names		1,225	10 years
Backlog		333	5 months
Total	$	24,713

Med X Change, Inc and Ingenia-CAT, S.L.

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

The final purchase price allocation for Med X Change and Ingenia is as follows (in thousands):

	Amount
Cash	$	1,000
Accounts receivable		1,739
Inventories		2,372
Property, plant and equipment		496
Intangible assets		22,376
Goodwill		13,388
Other assets		601
Total assets acquired		41,972
Accounts payable		604
Deferred tax liabilities		2,399
Other liabilities		910
Total liabilities assumed		3,913
Total assets acquired, net of liabilities assumed		38,059
Less: cash acquired		1,000
Total purchase price, net of cash acquired		37,059
Less: contingent consideration		6,569
Less: purchase price holdback		905
Net cash used for acquisition of businesses	$	29,585

Fair Value of Intangible Assets

The fair value of intangible assets for Med X Change and Ingenia is comprised of the following (dollar amounts in thousands):

					Weighted Average
	Estimated Fair Value				Amortization
	Med X Change		Ingenia		Period
Developed technologies	$	1,800	$	9,272	10 years
Customer relationships		9,900		565	15 years
Trademarks and trade names		300		339	9 years
Backlog		200		—	7 months
Total	$	12,200	$	10,176

Zettlex Holdings Limited

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

The final purchase price allocation is as follows (in thousands):

	Amount
Cash	$	3,776
Accounts receivable		2,237
Inventories		928
Property, plant and equipment		2,590
Intangible assets		14,585
Goodwill		11,790
Other assets		145
Total assets acquired		36,051
Accounts payable		509
Accrued expenses and other liabilities		1,035
Deferred tax liabilities		2,481
Total liabilities assumed		4,025
Total assets acquired, net of liabilities assumed		32,026
Less: cash acquired		3,776
Total purchase price, net of cash acquired	$	28,250

Fair Value of Intangible Assets

The fair value of intangible assets is comprised of the following (dollar amounts in thousands):

			Weighted Average
	Estimated Fair		Amortization
	Value		Period
Developed technologies	$	3,027	10 years
Customer relationships		9,494	15 years
Trademarks and trade names		550	10 years
Backlog		1,514	1 year
Total	$	14,585