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Business Combinations (Tables)

9 Months Ended

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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- References

No definition available.

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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

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