Note 2 - Acquisitions and Divestiture (Tables)

12 Months Ended

Dec. 31, 2023

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		41
Goodwill		7,140
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

Fair value of considerations transferred
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		51,742
Total identifiable assets	$	110,073
Accounts payable		(5,238	)
Accrued expenses		(2,995	)
Deferred revenue		(7	)
Lease liabilities		(1,221	)
Net assets acquired	$	100,612

Fair value of consideration 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]

	Year Ended December 31,
	2022		2021
	(Unaudited)		(Unaudited)
Sales	$	358,196	$	291,403
Operating Income	$	56,321	$	29,729
Net income	$	42,311	$	21,805
Earnings per share:
Basic	$	5.59	$	2.90
Diluted	$	5.52	$	2.86

	Year Ended December 31,
	2021
	(Unaudited)
Sales	$	269,932
Operating Income	$	25,878
Net Income	$	20,562
Earnings per share:
Basic	$	2.73
Diluted	$	2.70