Acquisitions (Tables) - Elkhart Plastics [Member]

3 Months Ended

Mar. 31, 2021

Summary of Allocation of Purchase Price Based on Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following table summarized the allocation of the purchase price based on the estimated fair value of assets acquired and liabilities assumed based on their preliminary estimated fair values at the acquisition date, which are subject to adjustment.

Assets acquired:
Accounts receivable	$	12,026
Inventories		13,639
Prepaid expenses		960
Other assets - long term		34
Property, plant and equipment		18,038
Right of use asset - operating leases		13,757
Intangible assets		16,627
Goodwill		12,277
Assets acquired	$	87,358
Liabilities assumed:
Accounts payable	$	5,603
Accrued expenses		4,480
Operating lease liability - short term		2,390
Operating lease liability - long term		10,867
Total liabilities assumed		23,340
Net acquisition cost	$	64,018

Summary of Intangible Assets

The intangible assets included above consist of the following:

	Fair Value		Weighted Average Estimated Useful Life
Customer relationships	$	10,210	18.0 years
Trade name		5,817	10.0 years
Non-competition agreements		600	5.0 years
Total amortizable intangible assets	$	16,627