Business Combinations (Tables)

9 Months Ended

Sep. 30, 2020

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
Purchase price adjustment	(537)
Contingent consideration at fair value	4,700
Total consideration	$	38,163
Net assets at fair value	18,335
Excess of total consideration over net assets acquired	$	19,828

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The allocation of the fair value of the assets acquired and liabilities assumed, at acquisition and as adjusted for the final adjustment at September 30, 2020, were as follows:


	Preliminary Purchase Price Allocation		Adjustment		Final Purchase Price Allocation
Net working capital	$	2,856	$	—	$	2,856
Property, plant and equipment	503		—		503
Other long-term assets	1,650		—		1,650
Definite-lived intangible assets	14,500		—		14,500
Goodwill 1	20,365		(537)		19,828
Other long-term liabilities	(1,174)		—		(1,174)
Total consideration	$	38,700	$	(537)	$	38,163

1.As disclosed in Note 11, Goodwill and Intangible Assets, the full value of the Company's goodwill was impaired during the three months ended March 31, 2020.