ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2022

ACQUISITIONS

Schedule of unaudited pro forma financial information

	Three months ended				Nine months ended
	September 30,				September 30,
	2022		2021		2022		2021
Revenues	$	134,405	$	124,930	$	382,727	$	361,239
Income before income taxes	$	9,693	$	9,384	$	22,766	$	21,601

FPH Group

ACQUISITIONS

Schedule of purchase price allocation and estimated fair value of the assets acquired

The preliminary allocation of the purchase price paid for FPH is based on estimated fair values of the assets acquired and liabilities assumed of FPH as of May 30, 2022, and is as follows (in thousands):

Cash and cash equivalents	$	1,755
Trade receivables		3,161
Inventories		4,576
Other assets, net		174
Property, plant, and equipment		624
Right of use assets		4,165
Intangible assets		22,611
Goodwill		12,601
Other current liabilities		(956)
Deferred revenue		(776)
Lease liabilities		(4,165)
Net deferred income tax liabilities		(2,324)
Net purchase price	$	41,446

ThinGap and Airex

ACQUISITIONS

Schedule of purchase price allocation and estimated fair value of the assets acquired

The preliminary allocation of the purchase price paid is based on estimated fair values of the assets acquired and liabilities assumed as of May 24, 2022 for ThinGap and June 17, 2022 for Airex and is, collectively, as follows:

Cash and cash equivalents	$	1,074
Trade receivables		1,295
Inventories		1,686
Other assets, net		636
Property, plant, and equipment		202
Right of use assets		888
Intangible assets		6,000
Goodwill		6,981
Other current liabilities		(574)
Deferred revenue		(426)
Lease liabilities		(888)
Net deferred income tax liabilities		(347)
Net purchase price	$	16,527