Business Combinations (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Business Acquisitions, by Acquisition

The excess purchase price over net assets acquired is recorded as goodwill and was determined as follows:



Initial cash paid, net of working capital adjustment	$	34,000
Contingent consideration at fair value	4,700
Total consideration	$	38,700
Net assets at fair value	18,335
Excess of total consideration over net assets acquired	$	20,365

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The allocation of the fair value of the assets acquired and liabilities assumed is as follows:



Accounts receivable	$	6,567
Inventories	3,140
Prepaid and other current assets	353
Property, plant and equipment	503
Other long-term assets	1,650
Definite-lived intangible assets	14,500
Goodwill	20,365
Accounts payable and accrued liabilities	(7,204		)
Other long-term liabilities	(1,174		)
Total consideration	$	38,700

Business Acquisition, Pro Forma Information

The following unaudited pro forma information for the twelve months ended December 31, 2019 and 2018 presents the result of operations as if the FSE Acquisition had taken place at the beginning of the annual reporting period. The pro forma results reflect estimates and assumptions and are not necessarily indicative of the financial position or result of operations had the acquisition taken place at the beginning of the period. The Company adjusted historical results for assumed intangible amortization expense consistent with future years and assumed an effective tax rate of 25%. In addition, the pro forma results are not necessarily indicative of the future financial or operating results.



	Twelve months ended December 31,
(unaudited)	2019		2018 (as restated)
Revenue	$	936,766	$	935,596
Net income	$	18,324	$	44,139
Earnings per share attributable to common stockholders:
Basic	$	0.60	$	1.46
Diluted	$	0.59	$	1.44