Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.22.2
Acquisition (Tables)
 12 Months Ended
Mar. 01, 2021
Dec. 31, 2021
Business Combinations [Abstract]    
Purchase price allocation  
The following table sets forth the calculation of the purchase price to the identifiable net assets acquired with respect to the Acquisition, which was complete as of December 31, 2021:
Purchase
Price Allocation
Cash paid, net of cash acquired $ 42,639 
Holdback 1,000 
Total consideration, net of cash acquired $ 43,639 
Recognized amounts of identifiable assets acquired and liabilities assumed:
Receivables $ 1,368 
Inventories 204 
Prepaid and other current assets 351 
Property, plant and equipment 5,046 
Other intangible assets 22,100 
Other long-term assets 187 
Fair value of assets acquired 29,256 
Accounts payable 207 
Accrued liabilities 188 
Fair value of net identifiable assets acquired 28,861 
Goodwill 14,778 
  $ 43,639 
 
Finite-Lived Intangible Assets Acquired as Part of Business Combination
The valuation of intangibles assets acquired and the related weighted-average amortization periods were as follows:
Amount Weighted-Average
Expected Useful Life
(in years)
Intangible assets subject to amortization:
Customer relationships $ 16,000  10
Technical know-how 3,800  10
Contracts 700  5
Trade names 1,600  10
Total intangible assets subject to amortization $ 22,100