Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Sensor Scientific, Inc.

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 at the date of acquisition:

	Consideration Paid
Cash paid, net of cash acquired of $470	$	8,221
Contingent consideration		2,000
Purchase price	$	10,221

	Fair Values at December 30, 2020
Current assets	$	2,551
Property, plant and equipment		67
Other assets		14
Goodwill		3,321
Intangible assets		5,340
Fair value of assets acquired		11,293
Less fair value of liabilities acquired		(1,072	)
Purchase price	$	10,221

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	$	5,200		11.0
Trademarks, tradenames, and other intangibles		140		3.0
Total	$	5,340

Quality Thermistor, Inc.

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 at the date of acquisition:

	Consideration Paid
Cash paid, net of cash acquired of $567	$	72,850
Contingent consideration		1,056
Purchase price	$	73,906

	Fair Values at July 31, 2019
Current assets	$	6,221
Property, plant and equipment		2,567
Other assets		29
Goodwill		34,999
Intangible assets		32,800
Fair value of assets acquired		76,616
Less fair value of liabilities acquired		(2,710	)
Purchase price	$	73,906

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	$	31,000		15.0
Trademarks, tradenames, and other intangibles		1,800		5.0
Total	$	32,800

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

Results of operations for QTI are included in our consolidated financial statements beginning on July 31, 2019. The amount of net sales and net loss from QTI since the acquisition date that have been included in the Consolidated Statements of (Loss) Earnings are as follows:

	For the period July 31, 2019 through December 31, 2019
Net sales	$	9,252
Net loss	$	(465	)