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Business Combinations (Tables)

3 Months Ended

Mar. 31, 2025

Business Acquisition [Line Items]

Schedule of Intangible Assets And Amortization Periods

Identifiable intangible assets and their amortization periods are estimated as follows (in thousands):

	Cost Basis					Useful Life (years)
Flogistix
Trade name	$		16,650			10
Developed Technology			47,450			20
Customer relationships			46,190			14
	$		110,290
FPS
Trade name	$		39,000			10
Developed Technology			39,000			10
Customer relationships			116,000			9
	$		194,000

Schedule of Certain Unaudited Pro Forma Financial Information

The following table presents certain unaudited pro forma financial information for the three months ended March 31, 2024, as if the 2024 Business Combination had been completed on January 1, 2024 (in thousands):

	Three Months Ended March 31,
		2024
Pro forma net sales		$		171,966
Pro forma net income		$		31,941

Flogistix

Business Acquisition [Line Items]

Schedule of Assets Acquired and Liabilities Assumed

The following table presents the consideration transferred and preliminary fair value of Flogistix assets acquired and liabilities assumed in accordance with ASC 805 (in thousands):

Cash and cash equivalents	$		193
Accounts receivable - trade, net			18,104
Inventory			82,378
Prepaid expenses and other current assets			2,551
Property, plant and equipment			357,443
Intangible assets			110,290
Finance lease right-of-use assets			8,629
Operating lease right-of-use assets			9,763
Other assets			358
Accounts payable - Trade			(18,143	)
Accrued expenses			(9,495	)
Current portion of finance lease obligations			(2,356	)
Current portion of operating lease obligations			(3,579	)
Deferred revenue			(4,085	)
Operating lease obligations, net of current portion			(6,172	)
Finance lease obligations, net of current portion			(6,506	)
Long-term debt			(205,933	)
Identifiable net assets acquired			333,440
Goodwill			66,325
Total consideration transferred	$		399,765

FPS

Business Acquisition [Line Items]

Schedule of Assets Acquired and Liabilities Assumed

The following table presents the consideration transferred and preliminary fair value of FPS assets acquired and liabilities assumed in accordance with ASC 805 (in thousands):

Cash and cash equivalents	$		2,895
Accounts receivable - trade, net			42,999
Inventory			61,194
Prepaid expenses and other current assets			1,565
Property, plant and equipment			28,608
Intangible assets			194,000
Finance lease right-of-use assets			6,102
Operating lease right-of-use assets			5,151
Other assets			300
Accounts payable - Trade			(11,119	)
Accrued expenses			(15,534	)
Current portion of finance lease obligations			(3,225	)
Current portion of operating lease obligations			(2,179	)
Operating lease obligations, net of current portion			(2,972	)
Finance lease obligations, net of current portion			(2,877	)
Long-term debt			(29,930	)
Identifiable net assets acquired			274,978
Goodwill			179,885
Total consideration transferred	$		454,863

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-5

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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
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+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
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+ References

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