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Acquisitions & Sale of Minority Noncontrolling Interest (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the fair value of the assets acquired and liabilities assumed as of the October 20, 2023 acquisition date:
(in thousands)
Accounts receivable$1,394 
Inventories22,718 
Factor accounts receivable51,940 
Operating lease right-of-use asset2,902 
Prepaid expenses and other current assets172 
Property and equipment, net248 
Intangibles, net(1)
32,950 
Accounts payable(31,857)
Accrued expenses(1,699)
Operating leases - current portion(474)
Operating leases - long-term portion(2,703)
Total fair value excluding goodwill75,591 
Goodwill10,937 
Net assets acquired$86,528 
(1) Consists of a trademark of $9,050 and customer relationships of $23,900, both of which are amortized over 20 years. During 2024, the Company determined that the trademark was impaired and recognized an impairment charge of $8,635 for the remaining carrying value of the trademark. Refer to Note 7 – Goodwill and Other Intangible Assets for further information.