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Note 2 - Acquisition (Tables)

9 Months Ended

Sep. 30, 2024

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

		Purchase Price Allocation
Cash		$	815
Accounts receivable			872
Inventory			494
Other current assets			24
Property, plant, and equipment			1,018
Customer contracts & relationships			250
Intellectual property			300
Non-compete agreement			50
Goodwill			2,564
Total assets acquired			6,387
Accounts payable			(41	)
Accrued expenses			(519	)
Total liabilities assumed			(560	)
Total assets acquired, net of liabilities assumed			5,827
Less: cash acquired			(815	)
Purchase price, net of cash acquired		$	5,012

		Purchase Price Allocation
Cash		$	3,000
Accounts receivable			17,138
Inventory			9,229
Other current assets			210
Property, plant, and equipment			1,149
Customer contracts & relationships			40,389
Intellectual property			8,245
Non-compete agreement			661
Lease right of use assets			2,024
Goodwill			41,710
Total assets acquired			123,755
Accounts payable			(1,103	)
Accrued expenses			(7,092	)
Lease liabilities			(2,024	)
Total liabilities assumed			(10,219	)
Total assets acquired, net of liabilities assumed			113,536
Less: cash acquired			(3,000	)
Purchase price, net of cash acquired		$	110,536

		Purchase Price Allocation
Cash		$	3,817
Accounts receivable			1,506
Inventory			1,969
Other current assets			115
Property, plant, and equipment			824
Customer contracts & relationships			3,697
Intellectual property			7,859
Non-compete agreement			176
Lease right of use assets			150
Goodwill			19,367
Total assets acquired			39,480
Accounts payable			(215	)
Accrued expenses			(77	)
Lease liabilities			(150	)
Total liabilities assumed			(442	)
Total assets acquired, net of liabilities assumed			39,038
Less: cash acquired			(3,817	)
Net assets acquired, net of cash acquired		$	35,221

		Purchase Price Allocation
Cash		$	3,381
Accounts receivable			2,237
Inventory			1,150
Other current assets			204
Property, plant, and equipment			976
Customer contracts & relationships			10,363
Intellectual property			2,343
Non-compete agreement			395
Lease right of use assets			1,723
Equity Method Investment			5,623
Goodwill			27,651
Total assets acquired			56,046
Accounts payable			(1,890	)
Accrued expenses			(487	)
Deferred taxes			(1,711	)
Lease liabilities			(1,723	)
Total liabilities assumed			(5,811	)
Total assets acquired, net of liabilities assumed			50,235
Less: cash acquired			(3,381	)
Purchase price, net of cash acquired		$	46,854

Mergers, Acquisitions and Dispositions Disclosures [Text Block]

		Three Months Ended September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
		(Unaudited)				(Unaudited)				(Unaudited)				(Unaudited)
Sales		$	148,515			$	128,136			$	435,494			$	378,105
Operating Income		$	25,039			$	17,648			$	70,567			$	55,430
Net Income		$	16,433			$	11,697			$	47,495			$	35,492
Earnings per share:
Basic		$	2.14			$	1.53			$	6.20			$	4.66
Diluted		$	2.11			$	1.52			$	6.12			$	4.61

X

- Definition

The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings.

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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.

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