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Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The preliminary purchase price allocation is as follows (in thousands):
Receivables |  | $ | 7,383 |
Inventories |  | 31,112 |
Prepaid expenses and other current assets |  | 515 |
Property and equipment |  | 2,527 |
Intangibles - customer related |  | 21,950 |
Goodwill |  | 55,012 |
Operating lease right-of-use-assets |  | 6,680 |
Total assets acquired |  | 125,179 |
Accounts payable |  | (10,128) |
Accrued expenses and other current liabilities |  | (5,793) |
Long-term operating lease obligations |  | (5,937) |
Deferred tax liabilities |  | (3,638) |
Total liabilities assumed |  | (25,496) |
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.
Business Acquisition, Pro Forma Information | The unaudited consolidated pro forma results of operations are as follows (in thousands):
|  |  | For the three months ended March 31,
|  |  |  |  | 2024 |  | 2023
Revenue |  |  |  |  | $ | 241,539 |  |  | $ | 212,500 |
Income from continuing operations |  |  |  |  | $ | 12,100 |  |  | $ | 9,353 |

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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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