SIGNIFICANT ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed:

Cash and cash equivalents	$	6,365
Accounts receivable	8,036
Inventories	17,701
Property, plant and equipment	9,854
Right of use assets	3,349
Customer relationships	113,545
Developed technology	18,166
Trademarks	6,055
Other assets	2,399
Accounts payable	(3,301)
Bank debt	(30,648)
Lease liabilities	(3,349)
Other liabilities	(4,373)
Deferred income taxes, net	(29,127)
Goodwill	212,591
Total consideration on acquisition date	327,263
Contingent consideration liability	(24,726)
Net gains on foreign currency exchange forward contracts	(512)
Amount paid to shareholders	302,025
Kappa bank debt paid on purchase date	30,648
Total amount paid on acquisition date	$	332,673

Schedule of Unaudited Pro Forma Information

The following preliminary unaudited pro forma information has been prepared as if the acquisition had occurred on January 1, 2021.

	Three Months Ended June 30,				Six Months Ended June 30,
	Net Sales		Net Earnings		Net Sales		Net Earnings
Kappa actual results included in the Company's consolidated income statement from June 21, 2022 through June 30, 2022	$	—	$	—	$	—	$	—
2022 Supplemental pro forma combined financial information	$	247,430	$	30,172	$	489,170	$	58,648
2021 Supplemental pro forma combined financial information	$	213,032	$	26,344	$	410,649	$	50,379