Business Combinations (Tables)

12 Months Ended

Dec. 31, 2019

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		Laser Controls Systems		Photocore AG		Lanmark		Open Technologies ⁽³⁾

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		7,821
Goodwill ⁽¹⁾	2,357		928		1,010		5,355		13,573
Accounts payable and accrued liabilities	(12)		—		—		(159)		(2,926)
Other liabilities ⁽²⁾	(104)		(579)		—		(971)		(5,201)
Deferred income tax liabilities	—		—		—		(325)		(1,876)
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					Laser Control Systems				Photocore AG				Lanmark			Open Technologies
	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	3,277		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	$	7,821	8