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Business Combinations (Tables) | 9 Months Ended
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Sep. 30, 2024
Business Combinations [Abstract] |
Summary of Aggregate Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the aggregate fair values of the assets acquired and liabilities assumed for acquisitions during the periods ended September 30, 2024, and 2023:
|  | Total Acquisitions |
|  | 2024 |  |  | 2023 |
|  | (in thousands) |
Cash and cash equivalents |  | $ | 7,749 |  |  | $ | — |
Accounts receivable |  |  | 26,749 |  |  |  | 9,235 |
Other receivables |  |  | 127 |  |  |  | — |
Inventories |  |  | 22,969 |  |  |  | 24,154 |
Contract assets |  |  | 454 |  |  |  | — |
Other current assets |  |  | 410 |  |  |  | 70 |
Property, plant and equipment |  |  | 51,550 |  |  |  | 11,744 |
Operating lease right-of-use assets |  |  | 14,502 |  |  |  | 11,868 |
Finance lease right-of-use assets |  |  | — |  |  |  | 528 |
Intangible assets |  |  | 82,125 |  |  |  | 50,735 |
Other assets |  |  | 134 |  |  |  | 126 |
Total assets |  |  | 206,769 |  |  |  | 108,460 |
Accounts payable |  |  | 4,709 |  |  |  | 727 |
Accrued liabilities |  |  | 4,612 |  |  |  | 701 |
Contract liabilities |  |  | 130 |  |  |  | 2,260 |
Operating lease liabilities |  |  | 14,502 |  |  |  | 11,868 |
Finance lease liabilities |  |  | — |  |  |  | 528 |
Total liabilities |  |  | 23,953 |  |  |  | 16,084 |
Goodwill |  |  | 90,359 |  |  |  | 64,280 |
Total purchase consideration |  |  | 273,175 |  |  |  | 156,656 |
Accrued contingent consideration and purchase price adjustments |  |  | (8,570 | ) |  |  | (13,750 | )
Less: cash acquired |  |  | (7,749 | ) |  |  | — |
Total cash consideration |  | $ | 256,856 |  |  | $ | 142,906 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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