Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.22.2.2
Acquisition (Tables)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Acquisitions [Abstract]    
Schedule Of Purchase Price Allocation

MAXTRAX

Rhino-Rack

December 1, 2021

July 1, 2021

Number of Shares

Estimated Fair Value

Number of Shares

Estimated Fair Value

Cash paid

-

$

26,780

-

$

143,590

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

Assets acquired and liabilities assumed

Assets

Cash

$

1,869

$

7,513

Accounts receivable

2,791

10,769

Inventories

1,819

27,046

Prepaid and other current assets

883

644

Property and equipment

139

4,619

Other intangible assets

10,341

55,400

Indefinite-lived intangible assets

10,555

72,800

Goodwill

15,199

78,347

Other long-term assets

979

11,468

Total assets

44,575

268,606

Liabilities

Accounts payable and accrued liabilities

2,176

16,511

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

Total liabilities

9,100

66,118

Net Book Value Acquired

$

35,475

$

202,488

 
Schedule Of Intangible Assets Other Than Goodwill Acquired

MAXTRAX

Rhino-Rack

Average

Average

Gross

Useful Life

Gross

Useful Life

Intangibles subject to amortization

Customer relationships

$

8,986

13.5 years

$

40,400

13.5 years

Product technologies

1,355

7.0 years

15,000

10.0 years

Intangibles not subject to amortization

Trademarks

10,555

N/A

72,800

N/A

$

20,896

12.6 years

$

128,200

12.6 years

 
Pro Forma Results  

Three Months Ended

Nine Months Ended

September 30, 2021

September 30, 2021

Sales

$

113,467

$

319,559

Net income

$

17,144

$

28,175

Net income per share - basic

$

0.51

$

0.88

Net income per share - diluted

$

0.47

$

0.83