Acquisition (Tables)

9 Months Ended

Sep. 30, 2021


	Rhino-Rack			Barnes
	July 1, 2021			October 2, 2020
	Number of Shares	Estimated Fair Value		Estimated Fair Value

Cash paid	-	$	143,140	$	30,500

Issuance of shares of Clarus Corporation	2,315		55,333		-

Contingent consideration	-		3,565		-

Total purchase consideration	2,315	$	202,038	$	30,500

Assets acquired and liabilities assumed
Assets
Cash		$	7,513	$	2
Accounts receivable, net			10,769		-
Inventories			27,046		4,535
Prepaid and other current assets			644		612
Property and equipment			4,619		4,036
Other intangible assets			51,500		7,500
Indefinite-lived intangible assets			72,800		5,600
Goodwill			85,127		8,625
Other long-term assets			11,796		4,355
Total assets			271,814		35,265

Liabilities
Accounts payable and accrued liabilities			16,572		842
Income tax payable			3,413		-
Current portion of long-term debt			607		-
Long-term debt			2,107		-
Deferred income taxes			35,781		-
Other long-term liabilities			11,296		3,923
Total liabilities			69,776		4,765

Net Book Value Acquired		$	202,038	$	30,500


	Rhino-Rack				Barnes
			Average				Average
	Gross		Useful Life		Gross		Useful Life

Intangibles subject to amortization
Customer relationships	$	36,500		11.5 years	$	5,700		10.0 years
Product technologies		15,000		10.0 years		1,800		10.0 years
Intangibles not subject to amortization
Trademarks		72,800		N/A		5,600		N/A
	$	124,300		11.1 years	$	13,100		10.0 years