Business Combinations (Tables)

12 Months Ended

Dec. 31, 2020

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 the acquisition:


	Fair Value (2)
Tangible assets acquired:
Accounts receivable	$	185
Inventory	312
Other assets	389
Total tangible assets acquired	886

Liabilities assumed:
Accounts payable and accrued liabilities	(355)
Total liabilities assumed	(355)

Intangible assets	1,295
Net assets acquired	1,826

Deferred income tax liability	(277)
Goodwill	5,467
Contingent consideration(1)	(980)
Purchase price paid, net of cash acquired	$	6,036
Contingent consideration(1)	980
Total purchase price	$	7,016

(1) This total consists primarily of the fair value of the projected contingent consideration.

(2) 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 ATS acquisition:


	Amount		Weighted Average Life (Years)
Brand	$	33	1
Technology	767		5
Customer relationships	495		10
Fair value of intangible assets acquired	$	1,295	7