Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.20.2
Acquisitions (Tables)
9 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Schedule of Preliminary Allocation of Total Consideration of Assets Acquired and Liabilities Assumed
The following table shows the initial estimate of value and revisions made during 2019:
(in thousands) Initial estimate Revisions Final
Inventories $ 5,564  $ —  $ 5,564 
Accounts receivable 3,534  —  3,534 
Other current assets - production and maintenance supplies 605  —  605 
Property, plant and equipment 2,793  —  2,793 
Customer list intangible 10,000  (496) 9,504 
Goodwill 7,044  714  7,758 
Contingent consideration (earn-out liability) (6,148) (218) (6,366)
Accounts payable (1,400) —  (1,400)
Other liabilities (97) —  (97)
$ 21,895  $ —  $ 21,895 
Schedule of Unaudited Pro Forma Financial Information
ASTI's results of operations are reflected in the Company's Condensed Consolidated Statements of Operations as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands) 2020 2019 2020 2019
Net sales $ 8,020  $ 8,469  $ 22,920  $ 26,539 
Income before taxes $ (4,233) $ 902  $ (2,515) $ 2,001