Acquisitions (Tables)

6 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Schedule of Acquisition

The allocation of the purchase consideration to the fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):

Working capital	$	4,063
Property, plant and equipment	219
Acquired intangible assets	13,000
Other assets	951
Other liabilities	(4,027)
Goodwill	32,906
Fair value of purchase consideration	$	47,112

The preliminary allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):

Cash	$	135
Working capital	(19,718)
Property, plant and equipment	1,069
Acquired intangible assets	9,750
Other current assets	35
Other assets	1,335
Other liabilities	(1,335)
Goodwill	16,062
Fair value of purchase consideration	$	7,333

The allocation of the purchase consideration to the fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):

Cash	$	4,154
Working capital	(1,515)
Property, plant and equipment	1,059
Acquired intangible assets	3,000
Other assets	508
Other liabilities	(1,081)
Goodwill	6,436
Fair value of purchase consideration	$	12,561

The acquisition-related costs consisted of the following for the three and six months ended June 30 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Selling, general and administrative costs	$	588	$	4	$	1,848	$	4
Cost of sales	634		—		634		—
Total acquisition-related costs	$	1,222	$	4	$	2,482	$	4

Intangible Assets Acquired

The intangible assets acquired in this acquisition consisted of the following (in thousands):

	Fair Value		Weighted-Average Amortization Period
Trademarks	$	6,000	Indefinite
Technology	3,200		10 years
Customer relationships	3,200		11 years
Non-compete agreements	300		5 years
Backlog	300		0.25 years
Total	$	13,000

The intangible assets acquired in this acquisition consisted of the following (in thousands):

	Fair Value		Weighted-Average Amortization Period
Trademarks	$	660	3 years
Technology	2,639		15 years
Customer relationships	6,451		10 years
Total	$	9,750

The intangible assets acquired in this acquisition consisted of the following (in thousands):

	Fair Value		Weighted-Average Amortization Period
Trademarks	$	1,400	Indefinite
Technology	900		7 years
Customer relationships	700		6 years
Total	$	3,000