Note 2 - Acquisition (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Cash	$	736
Accounts receivable		3,570
Inventories		3,622
Prepaid expenses and other current assets		785
Property, plant and equipment		429
Goodwill		11,019
Other intangible assets		8,830
Other noncurrent assets		991
Accounts payable		(1,450	)
Accrued compensation and related benefits		(540	)
Accrued expenses and other current liabilities		(720	)
Deferred tax liability, net		(2,213	)
Other noncurrent liabilities		(803	)
Net assets acquired	$	24,256

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

					Annual Amortization
	Estimated Fair Value		Amortization Period (Years)		Year 1		Year 2		Year 3		Year 4		Year 5
Customer relationships	$	4,070		15	$	271	$	271	$	271	$	271	$	271
Trade name		3,150	Indefinite			-		-		-		-		-
Customer contracts		1,130		15		75		75		75		75		75
Backlog		360		1		360		-		-		-		-
Technology		120		7		17		17		17		17		17
Total	$	8,830			$	724	$	364	$	364	$	364	$	364

Business Acquisition, Pro Forma Information [Table Text Block]

	Year Ended December 31,
	2021		2020
Revenue	$	118,467	$	125,826
Operating income		1,450		4,489
Net Income attributable to Ultralife Corporation		1,367		4,081
Net income per share attributable to Ultralife Corporation:
Basic	$	.09	$	.26
Diluted	$	.08	$	.25