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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The adjusted preliminary purchase price is as follows (in thousands):
Receivables |  | $ | 7,383 |
Inventories |  | 31,112 |
Other current assets |  | 515 |
Property and equipment |  | 2,527 |
Intangible assets |  | 21,950 |
Goodwill |  | 55,681 |
Operating lease right-of-use-assets |  | 6,680 |
Total assets acquired |  | 125,848 |
Accounts payable |  | (10,128) |
Accrued expenses and other current liabilities |  | (5,793) |
Long-term operating lease obligations |  | (5,937) |
Deferred tax liabilities |  | (4,307) |
Other long-term liabilities |  | — |
Total liabilities assumed |  | (26,165) |
Net assets acquired, excluding cash |  | $ | 99,683 |
Cash consideration, net of cash acquired |  | $ | 101,870 |
Estimated post-close adjustment |  | (2,187) |
Total |  | $ | 99,683 |
The adjusted preliminary purchase price allocation is as follows (in thousands):
Other current assets (a) |  | $ | 12,000 |
Property and equipment |  | 2,714 |
Intangible assets |  | 16,200 |
Goodwill |  | 74,086 |
Total assets acquired |  | $ | 105,000 |
Cash consideration |  | $ | 105,000 |
Total consideration |  | $ | 105,000 |
(a) Represents prepaid inventory consisting of finished goods acquired but not in our physical possession as of the acquisition date.
We completed the purchase accounting valuation for this transaction in 2021 and the final purchase price allocation was as follows (in thousands):
Receivables |  | $ | 6,410 |
Inventories |  | 13,240 |
Other current assets |  | 620 |
Property and equipment |  | 368 |
Intangibles assets |  | 16,000 |
Goodwill |  | 10,019 |
Operating lease right-of-use-assets |  | 3,043 |
Deferred tax assets |  | 1,775 |
Accounts payable |  | (6,112) |
Accrued expenses and other current liabilities |  | (1,936) |
Long-term operating lease obligations |  | (2,874) |
Net assets acquired, excluding cash |  | $ | 40,553 |
Cash consideration, net of cash acquired |  | $ | 38,553 |
Acquisition date estimated fair value of earn-out obligation |  | 2,000 |
Total consideration |  | $ | 40,553 |
Business Acquisition, Pro Forma Information | The unaudited consolidated pro forma results of operations are as follows (in thousands):
| For the years ended December 31,
| 2023 |  | 2022
Revenue | $ | 908,243 |  |  | $ | 749,489 |
Income from continuing operations | $ | 46,265 |  |  | $ | 25,541 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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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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