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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed | The following table summarizes the allocation of the total purchase price of approximately $4.3 million, net of cash acquired, to the acquisition date fair value of the assets acquired and liabilities assumed based on management’s estimates of fair value (in thousands):
| Purchase Price Allocation
Cash | $ | 2,281 |
Accounts Receivable | 1,448 |
Inventories | 1,306 |
Prepaid expenses | 135 |
PP&E | 2,422 |
Goodwill | 1,145 |
Intangible assets | 575 |
Other assets | 18 |
Total assets acquired | $ | 9,330 |
Accounts payable | (429) |
Accrued expenses | (1,203) |
Deferred revenue | (661) |
Deferred income taxes | (461) |
Total liabilities assumed | $ | (2,754) |
Total assets acquired, net of liabilities assumed | 6,576 |
Less: cash acquired | (2,281) |
Purchase price, net of cash acquired | $ | 4,295 |
The following table summarizes the allocation of the total purchase price of approximately $7.6 million, net of cash acquired, to the acquisition date fair value of the assets acquired and liabilities assumed based on management’s estimates of fair value (in thousands):
| Purchase Price Allocation
Cash | $ | 194 |
Accounts Receivable | 676 |
Inventories | 284 |
PP&E | 432 |
Goodwill | 3,163 |
Intangible assets | 3,175 |
Total assets acquired | $ | 7,924 |
Accounts payable | (4) |
Accrued expenses | (106) |
Total liabilities assumed | $ | (110) |
Total assets acquired, net of liabilities assumed | 7,814 |
Less: cash acquired | (194) |
Purchase price, net of cash acquired | $ | 7,620 |
Schedule of Business Combination, Pro Forma Information | The following table contains an unaudited pro forma consolidated statement of comprehensive income for the three and six months ended June 30, 2025, as if the collective acquisitions of TPI and UNIPEC had occurred on January 1, 2025 (in thousands):
| Three Months Ended |  | Six Months Ended
| June 30, 2025 |  | June 30, 2025
| (Unaudited) |  | (Unaudited)
Sales | $ | 154,846 |  |  | $ | 306,774 |
Operating Income | $ | 25,223 |  |  | $ | 48,842 |
Net Income | $ | 17,853 |  |  | $ | 35,408 |
Earnings per share: |  |  |
Basic | $ | 2.32 |  |  | $ | 4.60 |
Diluted | $ | 2.30 |  |  | $ | 4.55 |

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