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Acquisition (Tables)
12 Months Ended
Dec. 31, 2021
Precision Microchemicals  
Business Acquisition  
Schedule of Business Acquisitions, by Acquisition The following table summarizes the preliminary allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of the acquisition:
(In thousands):November 30, 2021
Inventories, net$967 
Other current assets19 
Identifiable intangible assets44,910 
Right-of-use assets1,912 
Property, plant and equipment1,002 
Other noncurrent assets18 
Accounts payable and accrued liabilities(43)
Short-term lease liability(170)
Long-term lease liability(1,742)
Net assets acquired46,873 
Goodwill42,819 
Total purchase price, net of cash acquired$89,692 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
The Company recognized the following provisional finite-lived intangible assets as part of the acquisition of the Precision Microchemical business:
(In thousands)AmountWeighted
average life in
years
Developed technology$9,600 9.0
Trademarks and trade names3,400 15.0
Customer relationships31,800 15.5
Other110 
$44,910 14.1
GMTI Acquisition  
Business Acquisition  
Schedule of Business Acquisitions, by Acquisition During the quarter ended September 26, 2020, the Company finalized its fair value determination of the assets acquired and the liabilities assumed. The following table summarizes the final allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of the acquisition:
(In thousands):July 10, 2020
Trade accounts and note receivable, net$937 
Inventories, net1,079 
Identifiable intangible assets18,180 
Right-of-use assets337 
Accounts payable and accrued liabilities(28)
Short-term lease liability(150)
Long-term lease liability(187)
Net assets acquired20,168 
Goodwill16,099 
Total purchase price, net of cash acquired$36,267 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] The Company recognized the following finite-lived intangible assets as part of the acquisition of GMTI:
(In thousands)AmountWeighted
average life in
years
Developed technology$3,570 6.5
Trademarks and trade names1,010 11.5
Customer relationships13,600 15.5
$18,180 13.5
Sinmat Acquisition  
Business Acquisition  
Schedule of Business Acquisitions, by Acquisition During the quarter ended June 27, 2020, the Company finalized its fair value determination of the assets acquired and the liabilities assumed. The following table summarizes the provisional and final allocations of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of the acquisition date and as adjusted as of June 27, 2020, respectively:
(In thousands):As of January 10, 2020As of June 27, 2020
Trade accounts and note receivable, net$1,189 $1,189 
Inventories, net1,010 1,010 
Other current assets
Property, plant and equipment63 63 
Identifiable intangible assets41,680 41,680 
Right-of-use assets1,712 1,712 
Deferred tax asset— 102 
Accounts payable and accrued liabilities(58)(58)
Short-term lease liability(150)(150)
Long-term lease liability(1,562)(1,562)
Net assets acquired43,892 43,994 
Goodwill31,751 31,651 
Total purchase price, net of cash acquired$75,643 $75,645 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] The Company recognized the following finite-lived intangible assets as part of the acquisition of Sinmat:
(In thousands)AmountWeighted
average life in
years
Developed technology$7,650 7.0
Trademarks and trade names130 1.3
Customer relationships33,900 15.0
$41,680 13.5