Annual report pursuant to Section 13 and 15(d)

Acquisition (Tables)

v3.22.4
Acquisition (Tables)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Acquisitions [Abstract]    
Schedule Of Purchase Price Allocation

MAXTRAX

Rhino-Rack

Barnes

December 1, 2021

July 1, 2021

October 2, 2020

Number of Shares

Estimated Fair Value

Number of Shares

Estimated Fair Value

Estimated Fair Value

Cash paid

-

$

26,780

-

$

143,590

$

30,500

Issuance of shares of Clarus Corporation

107

2,594

2,315

55,333

-

Future issuance of shares of Clarus Corporation

-

4,457

-

-

-

Contingent consideration

-

1,644

-

3,565

-

Total purchase consideration

107

$

35,475

2,315

$

202,488

$

30,500

Assets acquired and liabilities assumed

Assets

Cash

$

1,869

$

7,513

$

2

Accounts receivable

2,791

10,769

-

Inventories

1,819

27,046

4,535

Prepaid and other current assets

883

644

612

Property and equipment

139

4,619

4,036

Other intangible assets

10,341

55,400

7,500

Indefinite-lived intangible assets

10,555

72,800

5,600

Goodwill

15,199

78,347

8,625

Other long-term assets

979

11,468

4,355

Total assets

44,575

268,606

35,265

Liabilities

Accounts payable and accrued liabilities

2,176

16,511

842

Income tax payable

251

3,413

-

Current portion of long-term debt

-

607

-

Long-term debt

-

2,107

-

Deferred income taxes

5,863

32,451

-

Other long-term liabilities

810

11,029

3,923

Total liabilities

9,100

66,118

4,765

Net Book Value Acquired

$

35,475

$

202,488

$

30,500

 
Schedule Of Intangible Assets Other Than Goodwill Acquired

MAXTRAX

Rhino-Rack

Barnes

Average

Average

Average

Gross

Useful Life

Gross

Useful Life

Gross

Useful Life

Intangibles subject to amortization

Customer relationships

$

8,986

13.5 years

$

40,400

13.5 years

$

5,700

10.0 years

Product technologies

1,355

7.0 years

15,000

10.0 years

1,800

10.0 years

Intangibles not subject to amortization

Trademarks

10,555

N/A

72,800

N/A

5,600

N/A

$

20,896

12.6 years

$

128,200

12.6 years

$

13,100

10.0 years

 
Pro Forma Results  

Year Ended December 31,

2021

2020

Sales

$

441,624

$

324,539

Net income

$

46,903

$

10,148

Net income per share - basic

$

1.42

$

0.34

Net income per share - diluted

$

1.31

$

0.32