Acquisition (Tables)

9 Months Ended

Sep. 30, 2021

The following table sets forth the calculation of the purchase price to the identifiable net assets acquired with respect to the Acquisition, which was substantially complete as of September 30, 2021:


	Provisional Purchase Price Allocation		Adjustments		Purchase Price Allocation
Cash paid, net of cash acquired	$	41,994	$	788	$	42,782
Holdback	2,000		(1,000)		1,000
Total consideration, net of cash acquired	$	43,994	$	(212)	$	43,782

Recognized amounts of identifiable assets acquired and liabilities assumed:
Receivables	$	1,368	$	—	$	1,368
Inventories	204		—		204
Prepaid and other current assets	351		—		351
Property, plant and equipment	5,046		—		5,046
Other intangible assets	—		22,100		22,100
Other long-term assets	38		153		191
Fair value of assets acquired	7,007		22,253		29,260

Accounts payable	207		—		207
Accrued liabilities	452		(264)		188



Fair value of net identifiable assets acquired	6,348		22,517		28,865
Goodwill	37,646		(22,729)		14,917
	$	43,994	$	(212)	$	43,782

Finite-Lived Intangible Assets Acquired as Part of Business Combination

The valuation of intangibles assets acquired and the related weighted-average amortization periods are as follows:


	Amount		Weighted-Average Expected Useful Life (in years)
Intangible assets subject to amortization:
Customer relationships	$	16,000	10
Technical know-how	3,800		10
Contracts	700		5
Trade names	1,600		10
Total intangible assets subject to amortization	$	22,100