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ACQUISITIONS (Tables)
9 Months Ended
Sep. 30, 2022
SL Power Electronics Corporation  
Business Acquisition [Line Items]  
Schedule of components of fair value of total consideration transferred

Cash paid for acquisition

    

$

146,863

Less cash acquired

(3,484)

Total fair value of purchase consideration

$

143,379

Schedule of fair value of assets acquired and liabilities assumed

    

Preliminary
Fair Value September 30, 2022

Current assets and liabilities, net

$

12,013

Property and equipment

3,927

Operating lease right-of-use assets

4,996

Deferred taxes and other liabilities

(1,164)

Intangible assets

57,600

Goodwill

71,003

Operating lease liability

(4,996)

Total fair value of net assets acquired

$

143,379

Summary of intangible assets acquired

    

    

Amortization

    

Useful Life

Fair Value

Method

(in years)

Customer relationships

$

50,500

 

Straight-line

 

10

Technology

 

7,100

 

Straight-line

 

5

Total

$

57,600

 

  

 

  

Summary of revenue from SL power

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2022

    

2022

Sales, net

$

16,659

$

29,604

TEGAM, Inc.  
Business Acquisition [Line Items]  
Schedule of components of fair value of total consideration transferred

Cash paid at closing

    

$

15,430

Cash paid for indemnity holdback released in June 2022

1,800

Less cash acquired

(177)

Total fair value of purchase consideration

$

17,053

Schedule of fair value of assets acquired and liabilities assumed

    


Fair Value

Current assets and liabilities, net

$

3,475

Property and equipment

755

Operating lease right-of-use assets

425

Intangible assets

6,900

Goodwill (deductible for tax purposes)

5,917

Other

6

Operating lease liability

(425)

Total fair value of net assets acquired

$

17,053