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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Purchase Price Allocation to the Fair Values of Assets Acquired and Liabilities Assumed Following is a summary of our allocations of the purchase price to the fair values of the assets acquired and liabilities assumed as of the date of each acquisition:
 
 
Nutfield (Final)
 
Laser Controls Systems (Final)
 
Photocore AG (Final)
 
Lanmark (Final)
 
Open Technologies (3) (Preliminary)
 
 
 
 
 
 
 
 
 
 
 
 Accounts receivable
 
$
160

 
$

 
$

 
$
610

 
$
2,735

 Inventory
 
539

 

 

 
299

 
1,852

 Other assets
 
96

 

 

 
76

 
634

 Deferred income tax assets
 
131

 

 

 

 

 Intangible assets
 
2,329

 
1,400

 
1,435

 
1,366

 
10,388

 Goodwill (1)
 
2,357

 
928

 
1,010

 
5,355

 
9,130

 Accounts payable and accrued liabilities
 
(12
)
 

 

 
(159
)
 
(2,926
)
 Other liabilities (2)
 
(104
)
 
(579
)
 

 
(971
)
 
(5,201
)
 Deferred income tax liabilities
 

 

 

 
(325
)
 

Total purchase price, net of cash acquired
 
$
5,496

 
$
1,749

 
$
2,445

 
$
6,251

 
$
16,612



(1) 
The goodwill arising from the acquisitions consists largely of the expected synergies from combining operations as well as the value of the workforce. A portion of the goodwill is expected to be tax deductible for Nutfield.
(2) 
For Laser Control Systems, Lanmark and Open Technologies, this total consists primarily of the fair value of the projected contingent consideration.
(3) 
Amounts converted from Euros to U.S. Dollars based on the foreign exchange rate on the closing date of the acquisition.
Summary of the Purchase Price Preliminarily Allocated to the Intangible Assets Acquired for the Acquisitions Following are the details of the purchase price allocated to the intangible assets acquired for the acquisitions noted above:
 
 
Nutfield (Final)
 
Laser Control Systems (Final)
 
Photocore AG (Final)
 
Lanmark (Final)
 
Open Technologies (Preliminary)
 
 
 Amount
Weighted Average Life (Years)
 
 Amount
Weighted Average Life (Years)
 
 Amount
Weighted Average Life (Years)
 
 Amount
Weighted Average Life (Years)
 
 Amount
Weighted Average Life (Years)
Trade name
 
$
29

1
 
$

0
 
$

0
 
$

0
 
$

0
Brand
 

0

26

1

22

1

26

1

103

1
Non-competition agreement
 
144

5
 
29

3
 
9

3
 

0
 

0
Technology
 
1,970

10
 
1,319

7
 
1,343

7
 
760

7
 
4,441

7
Customer relationships
 
95

10
 
26

10
 
61

10
 
580

10
 
5,844

10
Favorable in-place lease
 
91

12
 

0
 

0
 

0
 

0
Fair value of intangible
assets acquired
 
$
2,329

10
 
$
1,400

7
 
$
1,435

7
 
$
1,366

8
 
$
10,388

8