ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2023

ACQUISITIONS

Schedule of purchase price allocation and estimated fair value of the assets acquired

The final allocation of the purchase price paid for FPH is based on fair values of the assets acquired and liabilities assumed of FPH and is as follows (in thousands):

Cash and cash equivalents	$	1,755
Trade receivables		3,100
Inventories		3,496
Other assets, net		174
Property, plant, and equipment		624
Right of use assets		4,165
Intangible assets		22,611
Goodwill		15,840
Other current liabilities		(1,577)
Deferred revenue		(776)
Lease liabilities		(4,165)
Net deferred income tax liabilities		(3,931)
Net purchase price	$	41,316

Schedule of unaudited pro forma financial information

The following pro forma financial information presents the combined resulted of operations if the FPH, ThinGap, and Airex acquisitions had occurred as of January 1, 2021:

	Three months ended		Nine months ended
	September 30,		September 30,
	2022		2022
Revenues	$	134,405	$	382,727
Income before income taxes	$	9,693	$	22,766