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Note B - Acquisition of Veth Propulsion Holding BV - Inventories (Details) - Veth Propulsion [Member]
$ in Thousands
Jul. 02, 2018
USD ($)
Raw materials $ 12,804
Projects work in progress at fair value 14,469
Inventories at fair value 27,273 [1]
Inventories at book value 22,871
Step-up $ 4,402
[1] Inventories consist of: Raw materials $ 12,804 Projects work in progress at fair value 14,469 Inventories at fair value 27,273 Inventories at book value 22,871 Step-up $ 4,402 As of the effective date of the acquisition, inventory is required to be measured at fair value. Raw materials are typically utilized in operations within one year of purchase and therefore book values approximate fair value. Projects work in progress are estimated to be approximately 70% complete, and the step-up to fair value less estimated costs to complete and sell resulted in a step-up value of approximately $4,402.