Note 2 - Acquisitions (Tables)

6 Months Ended

Jun. 30, 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		395
Cash from Advant		(2,840	)
Total consideration	$	21,163
Purchase price allocation
Accounts receivable	$	2,299
Inventory		2,410
Other current assets		213
Property, plant, and equipment		5,704
Customer contracts & relationships		2,925
Intellectual property		2,127
Non-compete agreement		259
Lease right of use assets		289
Other assets		42
Goodwill		7,139
Total identifiable assets	$	23,407
Accounts payable		(772	)
Accrued expenses		(668	)
Income taxes		(66	)
Deferred taxes		(449	)
Lease liabilities		(289	)
Net assets acquired	$	21,163

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 Months Ended June 30,		Six Months Ended June 30,
	2021		2022		2021
	(Unaudited)		(Unaudited)		(Unaudited)
Sales	$	56,203	$	169,812	$	110,079
Operating Income	$	6,666	$	19,302	$	12,663
Net Income	$	5,027	$	14,341	$	9,666
Earnings per share:
Basic	$	0.67	$	1.90	$	1.29
Diluted	$	0.66	$	1.88	$	1.28

	Three-month Period Ended June 30, 2021		Six-month Period Ended June 30, 2021
	(Unaudited)		(Unaudited)
Sales	$	68,741	$	132,603
Operating income	$	8,641	$	15,409
Net income	$	7,364	$	12,825
Earnings per share:
Basic	$	0.98	$	1.71
Diluted	$	0.97	$	1.69