Acquisitions (Tables)

6 Months Ended

Jun. 30, 2022

Mohawk [Member]

Summary of Allocation of Purchase Price Based on Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase price based on the estimated fair value of assets acquired and liabilities assumed based on their preliminary estimated fair values at the acquisition date, which are subject to adjustment.

Assets acquired:
Accounts receivable	$	10,137
Inventories		8,209
Prepaid expenses		104
Other assets - long term		30
Property, plant and equipment		1,432
Right of use asset - operating leases		1,367
Intangible assets		7,720
Goodwill		7,485
Assets acquired	$	36,484
Liabilities assumed:
Accounts payable	$	5,996
Accrued expenses		1,414
Operating lease liability - short term		399
Operating lease liability - long term		968
Total liabilities assumed		8,777
Net acquisition cost	$	27,707

Summary of Intangible Assets

The intangible assets included above consist of the following:

	Fair Value		Weighted Average Estimated Useful Life
Customer relationships	$	5,400	12.0 years
Trade name		2,000	5.0 years
Non-competition agreements		320	5.0 years
Total amortizable intangible assets	$	7,720

Trilogy Plastics, Inc. [Member]

Summary of Allocation of Purchase Price Based on Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase price based on the estimated fair value of assets acquired and liabilities assumed based on their preliminary estimated fair values at the acquisition date, which are subject to adjustment.

Assets acquired:
Accounts receivable	$	3,929
Inventories		2,752
Prepaid expenses		63
Other assets - long term		93
Property, plant and equipment		4,903
Right of use asset - operating leases		8,685
Intangible assets		14,333
Goodwill		10,003
Assets acquired	$	44,761
Liabilities assumed:
Accounts payable	$	765
Accrued expenses		777
Operating lease liability - short term		576
Operating lease liability - long term		8,108
Total liabilities assumed		10,226
Net acquisition cost	$	34,535

Summary of Intangible Assets

The intangible assets included above consist of the following:

	Fair Value		Weighted Average Estimated Useful Life
Customer relationships	$	12,463	18.0 years
Trade name		1,870	10.0 years
Total amortizable intangible assets	$	14,333