Acquisitions (Tables)

9 Months Ended

Sep. 30, 2020

Business Combinations [Abstract]

Schedule of Acquisition

The allocation of the purchase consideration to the fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):

Working capital	$	3,918
Property, plant and equipment	219
Acquired intangible assets	13,900
Other assets	951
Other liabilities	(4,027)
Goodwill	32,151
Fair value of purchase consideration	$	47,112

The preliminary allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):

Cash	$	135
Working capital	(23,450)
Property, plant and equipment	1,087
Acquired intangible assets	10,102
Other assets	1,363
Other liabilities	(1,363)
Goodwill	19,459
Fair value of purchase consideration	$	7,333

The allocation of the purchase consideration to the fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):

Cash	$	4,154
Working capital	(1,515)
Property, plant and equipment	1,059
Acquired intangible assets	3,000
Other assets	508
Other liabilities	(1,081)
Goodwill	6,436
Fair value of purchase consideration	$	12,561

The acquisition-related costs consisted of the following for the three and nine months ended September 30 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Selling, general and administrative costs	$	16	$	470	$	1,564	$	474
Cost of sales	—		134		634		134
Total acquisition-related costs	$	16	$	604	$	2,198	$	608

Intangible Assets Acquired

The intangible assets acquired in this acquisition consisted of the following (in thousands):

	Fair Value		Weighted-Average Amortization Period
Trademarks	$	6,900	Indefinite
Technology	3,200		10 years
Customer relationships	3,200		11 years
Non-compete agreements	300		5 years
Backlog	300		0.25 years
Total	$	13,900

The intangible assets acquired in this acquisition consisted of the following (in thousands):

	Fair Value		Weighted-Average Amortization Period
Trademarks	$	1,122	3 years
Technology	3,218		10 years
Customer relationships	4,939		12 years
Non-compete agreements	224		5 years
Backlog	599		0.75 years
Total	$	10,102

The intangible assets acquired in this acquisition consisted of the following (in thousands):

	Fair Value		Weighted-Average Amortization Period
Trademarks	$	1,400	Indefinite
Technology	900		7 years
Customer relationships	700		6 years
Total	$	3,000