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Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combinations [Abstract]  
Schedule of Allocation of the Purchase Price Consideration of the Fair Value of Assets Acquired and Liabilities Assumed
The allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):
Working capital$827 
Property, plant, and equipment195 
Acquired intangible assets6,310 
Other assets134 
Other liabilities(72)
Goodwill3,023 
Fair value of purchase consideration$10,417 
The allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):
Cash$1,018 
Working capital23,372 
Property, plant, and equipment8,486 
Acquired intangible assets14,700 
Other assets1,813 
Other liabilities(1,295)
Goodwill3,991 
Fair value of purchase consideration$52,085 
Schedule of Acquired Intangible Assets
The intangible assets acquired in this acquisition consisted of the following (in thousands):
Fair ValueWeighted-Average Amortization Period
Trademarks$250 3 years
Customer relationships6,060 12 years
Total$6,310 
The intangible assets acquired in this acquisition consisted of the following as of the date of acquisition (in thousands):
Fair ValueWeighted-Average Amortization Period
Trademarks$2,800 Indefinite
Customer relationships11,900 12 years
Total$14,700 
Schedule of Business Combination Costs
The acquisition-related costs consisted of the following for the years ended December 31 (in thousands):
202420232022
Cost of sales$— $12 $1,427 
Selling, general and administrative costs491 253 545 
Total acquisition related costs$491 $265 $1,972