Acquisitions (Tables)

9 Months Ended

Sep. 30, 2021

Trilogy Plastics, Inc. [Member]

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

The following table summarizes 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	$	3,929
Inventories		2,669
Prepaid expenses		63
Other assets - long term		93
Property, plant and equipment		4,903
Right of use asset - operating leases		8,685
Intangible assets		14,333
Goodwill		10,036
Assets acquired	$	44,711
Liabilities assumed:
Accounts payable	$	765
Accrued expenses		727
Operating lease liability - short term		576
Operating lease liability - long term		8,108
Total liabilities assumed		10,176
Net acquisition cost	$	34,535

Summary of Intangible Assets

The intangible assets included above consist of the following:

	Fair Value		Weighted Average Estimated Useful Life
Customer relationships	$	12,463	18.0 years
Trade name		1,870	10.0 years
Total amortizable intangible assets	$	14,333

Elkhart Plastics [Member]

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

The following table summarizes 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		12,243
Assets acquired	$	87,324
Liabilities assumed:
Accounts payable	$	5,603
Accrued expenses		4,623
Operating lease liability - short term		2,390
Operating lease liability - long term		10,867
Total liabilities assumed		23,483
Net acquisition cost	$	63,841

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