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Business Acquisitions (Tables)
12 Months Ended
Dec. 31, 2022
Business Acquisition [Line Items]  
Summary of Consideration Paid and Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid and the fair values of the assets acquired, and the liabilities assumed as of the date of acquisition:

 

 

 

Fair Values at
February 28, 2022

 

Accounts Receivable

 

$

2,521

 

Inventory

 

 

3,136

 

Other current assets

 

 

69

 

Property, plant and equipment

 

 

654

 

Other assets

 

 

27

 

Goodwill

 

 

9,267

 

Intangible assets

 

 

13,650

 

Fair value of assets acquired

 

 

29,324

 

Less fair value of liabilities acquired

 

 

(4,809

)

Purchase price

 

$

24,515

 

Summary of Carrying Amounts and Weighted Average Lives of Acquired Intangible Assets

The following table summarizes the carrying amounts and weighted average lives of the acquired intangible assets:

 

 

 

Carrying Value

 

 

Weighted
Average
Amortization
Period

 

Customer lists/relationships

 

$

13,000

 

 

 

12.0

 

Trademarks, tradenames, and other intangibles

 

 

650

 

 

 

3.0

 

Total

 

$

13,650

 

 

 

 

Summary of Results of Operations for QTI Included in Consolidated Financial Statements

The following table summarizes the consideration paid, the fair values of the assets acquired, and the liabilities assumed as of the date of acquisition:

 

 

 

Fair Values at
June 30, 2022

 

Accounts Receivable

 

$

3,073

 

Inventory

 

 

6,848

 

Other current assets

 

 

1,003

 

Property, plant and equipment

 

 

3,953

 

Other assets

 

 

158

 

Goodwill

 

 

33,274

 

Intangible assets

 

 

36,448

 

Fair value of assets acquired

 

 

84,757

 

Less fair value of liabilities acquired

 

 

(12,417

)

Purchase price

 

$

72,340