Note 2 - Acquisitions (Tables)

3 Months Ended

Mar. 31, 2022

Notes Tables

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

Fair value of considerations transferred
Cash paid at closing	$	23,608
Other liability		457
Cash from Contech		(2,840	)
Total consideration	$	21,225
Purchase price allocation
Accounts receivable	$	2,299
Inventory		2,410
Other current assets		213
Property, plant, and equipment		6,089
Customer contracts & relationships		2,550
Intellectual property		2,127
Non-compete agreement		260
Lease right of use assets		289
Other assets		42
Goodwill		7,358
Total identifiable assets	$	23,637
Accounts payable		(772	)
Accrued expenses		(668	)
Income taxes		(66	)
Deferred taxes		(617	)
Lease liabilities		(289	)
Net assets acquired	$	21,225

Cash paid at closing	$	95,000
Contingent liability (Earn-out)		5,188
Non-compete agreements		8,855
Cash from DAS		(8,316	)
Working capital adjustment		(115	)
Total consideration	$	100,612
Purchase price allocation
Accounts receivable	$	2,351
Inventory		7,570
Other current assets		68
Property, plant, and equipment		3,314
Customer contracts & relationships		36,730
Intellectual property		2,380
Non-compete agreement		4,697
Lease right of use assets		1,221
Goodwill		51,985
Total identifiable assets	$	110,316
Accounts payable		(5,238	)
Accrued expenses		(3,238	)
Deferred revenue		(7	)
Lease liabilities		(1,221	)
Net assets acquired	$	100,612

Fair value of considerations transferred
Cash paid at closing	$	9,766
Contingent liability (Earn-out)		4,543
Other liability		500
Cash from Contech		(266	)
Total consideration	$	14,543
Purchase price allocation
Accounts receivable	$	2,851
Inventory		2,320
Other current assets		37
Property, plant, and equipment		1,170
Customer contracts & relationships		3,043
Intellectual property		2,247
Non-compete agreement		86
Lease right of use assets		1,523
Goodwill		4,278
Total identifiable assets	$	17,555
Accounts payable		(1,015	)
Accrued expenses		(414	)
Deferred revenue		(60	)
Lease liabilities		(1,523	)
Net assets acquired	$	14,543

Business Acquisition, Pro Forma Information [Table Text Block]

	Three-month Period Ended March 31,
	2022		2021
	(Unaudited)		(Unaudited)
Sales	$	75,469	$	53,876
Operating income	$	7,023	$	5,916
Net income	$	5,346	$	4,614
Earnings per share:
Basic	$	0.71	$	0.61
Diluted	$	0.70	$	0.60

	Three-month Period Ended March 31, 2021
	(Unaudited)
Sales	$	63,862
Operating income	$	6,888
Net income	$	4,739
Earnings per share:
Basic	$	0.63
Diluted	$	0.62