Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Acquisition Date Fair Value of Consideration Transferred

The acquisition-date fair value of the consideration transferred consisted of the following:

(in thousands)
Cash	$	12,500
Contingent consideration (1)	1,500
Total consideration transferred	$	14,000

_______________________

(1) Contingent consideration is payable to the seller based on the acquired business exceeding a revenue target over an eighteen month period ending January 2021. Achievement of the revenue target is considered probable.

Schedule of Fair Value of Assets Acquired

The following table summarizes the final fair values of the assets acquired at the acquisition date:

(in thousands)
Inventory	$	1,840
Customer relationships	2,650
Technology - Technical know-how	4,000
Goodwill	5,510
Total assets acquired	$	14,000