Acquisitions (Tables)

3 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Summary of Consideration Transferred and Preliminary Purchase Price Allocation of Assets Acquired and Liabilities Assumed

The following table summarizes the consideration transferred and the preliminary purchase price allocation of assets acquired and liabilities assumed. The purchase price allocation for assets acquired and liabilities assumed is preliminary and will be finalized when valuations are complete and final assessments of the fair value of acquired assets and assumed liabilities are completed. Such finalization may result in material changes from the preliminary purchase price allocation. The Company's estimates and assumptions are subject to change during the measurement

period (up to one year from the closing date), as the Company continues to finalize the valuations of assets acquired and liabilities assumed.

(Amounts in thousands)	Initial Amount
Accounts receivable	$	5,957
Inventory	4,469
Intangible assets	31,400
Goodwill	9,660
Property, plant and equipment	1,986
Accounts payable	(5,539)
Accrued expenses	(75)
Other liabilities	(366)
Total fair value of consideration transferred	$	47,492

Summary of Identifiable Intangible Assets

The identifiable intangible assets recorded in connection with the closing of the acquisition of Cultec are based on preliminary valuations including customer relationships, patents and developed technology and tradename and trademarks totaling $31.4 million.

(Amounts in thousands)	Preliminary fair value
Customer relationships	$	2,800
Patents and developed technology	16,200
Tradename and trademarks	12,400
Total identifiable intangible assets	$	31,400