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ACQUISITION (Tables) - Western Pennsylvania Acquisition [Member]
 3 Months Ended
Jun. 30, 2025
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the purchase price to the fair value of assets acquired and liabilities assumed (based on Level 3 inputs of the fair value hierarchy) as of June 30, 2025. Adjustments to the preliminary purchase price allocation could be significant, particularly with respect to Intangible Assets and Property, Plant, and Equipment.

 

 

Fair Value
(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

Accounts Receivable

 

$

 

1,443

 

 

 

 

 

 

 

 

 

 

 

Inventories

 

 

 

3,354

 

 

 

 

 

 

 

 

 

 

 

Prepaid and Other Current Assets

 

 

 

229

 

 

 

 

 

 

 

 

 

 

 

Property, Plant, and Equipment

 

 

 

35,097

 

 

 

 

 

 

 

 

 

 

 

Intangible Assets

 

 

 

39,400

 

 

 

 

 

 

 

 

 

 

 

Accounts Payable and Accrued Liabilities

 

 

 

(327

)

 

 

 

 

 

 

 

 

 

 

Other Long-term Liabilities

 

 

 

(792

)

 

 

 

 

 

 

 

 

 

 

Total Net Assets Acquired

 

 

 

78,404

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

 

 

71,543

 

 

 

 

 

 

 

 

 

 

 

Total Purchase Price

 

$

 

149,947

 

 

 

 

 

 

 
Schedule of Fair Value Estimates of Identifiable Intangible Assets

The following table is a summary of the fair value estimates of the identifiable intangible assets and their weighted-average useful lives:

 

 

Weighted-Average Life (in years)

 

 

Estimated Fair Value
(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Relationships

 

 

15

 

 

$

 

38,900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade Name and Technology

 

 

5

 

 

 

 

500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Intangible Assets

 

 

 

 

$

 

39,400

 

 

 

 

 

 

 

 

 
Schedule of Revenue and Operating Earnings Related to Business Acquisition

The following table presents the Revenue and Operating Earnings related to the Acquisition that have been included in our Consolidated Statement of Earnings for the three months ended June 30, 2025.

 

 

For the Three Months Ended
June 30, 2025

 

 

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

 

7,202

 

 

 

 

 

 

 

 

 

 

 

Operating Earnings

 

$

 

1,634