Acquisition Activity (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair values assigned to the assets and liabilities of DSI as of November 1, 2019 (in thousands):



Working capital ^(a)	$	6,874
Property and equipment	1,727
Long-term deferred income tax liability	(4,321		)
Non-Controlling interest	(299		)
Intangible assets:
Patents and acquired technology	10,250
Customer relationships	4,344
Trade names	3,300
Total intangible assets	17,894
Fair value of acquired identifiable assets and liabilities	21,875
Purchase price	40,481
Goodwill	$	18,606

^{(a) Working capital accounts include accounts receivable, inventory, prepaid expenses, accounts payable, accrued expenses, and accrued payroll.}

Schedule of Acquisition Costs

The Company recorded acquisition costs of associated with this transaction in its consolidated statements of operation as follows (in thousands):



	Year ended December 31, 2019
Accounting and legal fees	$	214
Appraisal fees	13
Other	216
	$	443

Business Acquisition, Pro Forma Information

Following are the supplemental consolidated financial results for the Company on a unaudited pro forma basis, as if the DSI acquisition had been consummated on January 1, 2018 (unaudited):



	Year ended December 31,
	2019		2018
Pro forma net revenues	$	298,085	$	314,437

Pro forma net earnings attributable to VPG stockholders	$	22,775	$	23,821

Pro forma basic earnings per share attributable to VPG stockholders	$	1.69	$	1.77
Pro forma diluted earnings per share attributable to VPG stockholders	$	1.68	$	1.76