Note 4 - Acquisitions and Divestitures (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	Allocated
	Fair Value
	(in thousands)
Inventory	$	3,859
Accounts receivable		1,789
Equipment and supplies		1,140
Accounts payable and other		(53	)
Intangible assets		40,001
Goodwill		26,170
Purchase price	$	72,906

	Allocated
	Fair Value
	(in thousands)
Inventory and other	$	1,343
Intangible assets		8,725
Goodwill		7,344
Purchase price	$	17,412

	Allocated
	Fair Value
	(in thousands)
Inventory	$	276
Equipment and supplies		70
Intangible assets		4,844
Goodwill		2,748
Purchase price	$	7,938

	Allocated
	Fair Value
	(in thousands)
Inventory	€	2,419
Land and building		750
Equipment and supplies		94
Intangible assets		623
Bargain purchase gain		(1,946	)
Purchase price	€	1,940

	Allocated
	Fair Value
	(in thousands)
Inventory	$	739
Equipment and supplies		416
Intangible assets		6,527
Goodwill		6,361
Purchase price	$	14,043

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

	Allocated		Estimated
	Fair Value		Useful Life
	(in thousands)		(in years)
Customer relationships	$	21,255		15.0
Intellectual property		16,449		10.0
Non-compete agreement		104		5.0
Tradenames		2,193		10.0
Total intangible assets	$	40,001

			Weighted
	Allocated		Average
	Fair Value		Useful Life
	(in thousands)		(in years)
Customer relationships	$	5,562		12.0
Intellectual property		2,335		8.0
Non-compete agreement		361		5.0
Tradenames		467		8.0
Total intangible assets	$	8,725

			Weighted
	Allocated		Average
	Fair Value		Useful Life
	(in thousands)		(in years)
Customer relationships	$	3,945		13.0
Intellectual property		563		7.0
Non-compete agreement		233		5.0
Tradenames		103		7.0
Total intangible assets	$	4,844

	Allocated Fair Value		Weighted Average Useful Life
	(in thousands)		(in years)
Customer relationships	€	250		16.0
Intellectual property		237		5.0
Non-compete agreement		46		5.0
Tradenames		90		5.0
Total intangible assets	€	623

			Weighted
	Allocated		Average
	Fair Value		Useful Life
	(in thousands)		(in years)
Customer relationships	$	4,475		16.0
Intellectual property		1,316		7.0
Non-compete agreement		530		5.0
Tradenames		206		7.0
Total intangible assets	$	6,527

Business Acquisition, Pro Forma Information [Table Text Block]

	Unaudited Pro Forma Financial Information
	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
	($ in thousands)				($ in thousands)
Net sales	$	28,688	$	33,319	$	63,486	$	65,109
Net income		2,930		4,012		5,568		6,815
Net income per share
Basic	$	0.15	$	0.20	$	0.28	$	0.35
Diluted	$	0.14	$	0.20	$	0.27	$	0.34

Disposal Groups, Including Discontinued Operations [Table Text Block]

	Allocated
	Fair Value
	(in thousands)
Inventory	$	308
Deferred revenue - transition services agreement		1,081
Goodwill		135
Gain on divestiture		5,876
Consideration received	$	7,400