Note 2 - Acquisitions

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Business Combination Disclosure [Text Block]

2

. Acquisitions

Acquisition of

Neurio

On

March 12, 2019,

the Company acquired Neurio for a purchase price of

$60,364,

net of cash acquired and inclusive of estimated deferred payments of

$9,270.

To date, the acquisition purchase price was funded solely through cash on hand.

The Company recorded a preliminary purchase price allocation during the

first

quarter of

2019

based upon its estimates of the fair value of the acquired assets and assumed liabilities. As a result, the Company recorded approximately

$59,962

of goodwill in the domestic segment, as of the acquisition date. Substantially all of the goodwill ascribed to this acquisition is deductible for tax purposes. The accompanying condensed consolidated financial statements include the results of Neurio from the date of acquisition through

March 31, 2019.

Acquisition of Selmec

On

June 1, 2018,

the Company acquired Selmec for a purchase price of

$79,972,

net of cash acquired and inclusive of estimated earnout payments of

$14,902.

To date, the acquisition purchase price was funded solely through cash on hand. 

The Company recorded a preliminary purchase price allocation through

Q1

2019

based upon its estimates of the fair value of the acquired assets and assumed liabilities. As a result, the Company recorded approximately

$79,986

of intangible assets, including approximately

$46,356

of goodwill recorded in the International segment, as of the acquisition date. The goodwill ascribed to the acquisition is

not

deductible for tax purposes. The accompanying condensed consolidated financial statements include the results of Selmec from the date of acquisition through

March 31, 2019.

Overall, the net sales contribution from all non-annualized acquisitions to the

three

months ended

March 31, 2019

was

$14,861.