XML 48 R39.htm IDEA: XBRL DOCUMENT v3.23.2
Business Acquisitions - Schedule of Acquired Assets and Liabilities (Details) - USD ($)
$ in Thousands
Jun. 08, 2023
Dec. 31, 2022
Dec. 01, 2022
Jun. 01, 2022
Apr. 29, 2022
Apr. 01, 2022
Mar. 31, 2022
Jan. 03, 2022
Jun. 30, 2023
Business Acquisition [Line Items]                  
Goodwill   $ 348,048             $ 398,663
Lawson                  
Business Acquisition [Line Items]                  
Lease and financing obligations           $ (28,827)      
Fair value of shares exchanged           351,491      
Total consideration exchanged           353,401      
Lawson | TestEquity And Gexpro                  
Business Acquisition [Line Items]                  
Current assets           148,308      
Property, plant and equipment           57,414      
Right of use assets           18,258      
Other intangible assets           119,060      
Deferred tax liability, net of deferred tax asset           (19,394)      
Other assets           18,373      
Current liabilities           (71,165)      
Long-term obligations           (25,746)      
Derivative earnout liability           (43,900)      
Goodwill           181,020      
Total consideration exchanged           $ 353,401      
Hisco                  
Business Acquisition [Line Items]                  
Current assets $ 131,950                
Property, plant and equipment 48,326                
Right of use assets 21,102                
Deferred tax liability, net of deferred tax asset (2,544)                
Other assets 2,495                
Accounts payable (16,689)                
Accrued expenses and other liabilities 8,961                
Lease and financing obligations (22,372)                
Goodwill 49,718                
Total consideration exchanged 270,425                
Total consideration exchanged 270,425                
Cash consideration 252,007                
Deferred consideration 12,418                
Contingent consideration 6,000                
Hisco | Customer relationships                  
Business Acquisition [Line Items]                  
Other intangible assets 41,800                
Hisco | Trade names                  
Business Acquisition [Line Items]                  
Other intangible assets $ 25,600                
2022 Acquisitions                  
Business Acquisition [Line Items]                  
Current assets                 33,791
Property, plant and equipment                 2,633
Right of use assets                 10,438
Other assets                 110
Accounts payable                 (14,193)
Current portion of long term debt                 (2,073)
Accrued expenses and other liabilities                 (7,533)
Lease and financing obligations                 (10,438)
Goodwill                 65,841
Total consideration exchanged                 122,245
Total consideration exchanged   122,245              
Cash consideration   121,076              
Seller's notes   $ 1,169              
2022 Acquisitions | Customer relationships                  
Business Acquisition [Line Items]                  
Other intangible assets                 29,969
2022 Acquisitions | Trade names                  
Business Acquisition [Line Items]                  
Other intangible assets                 $ 13,700
Interworld Highway, LLC                  
Business Acquisition [Line Items]                  
Current assets         $ 15,018        
Property, plant and equipment         313        
Right of use assets         0        
Other assets         10        
Accounts payable         (8,856)        
Current portion of long term debt         0        
Accrued expenses and other liabilities         0        
Lease and financing obligations         0        
Goodwill         37,236        
Total consideration exchanged         54,690        
Total consideration exchanged         54,690        
Cash consideration         54,690        
Seller's notes         0        
Interworld Highway, LLC | Customer relationships                  
Business Acquisition [Line Items]                  
Other intangible assets         6,369        
Interworld Highway, LLC | Trade names                  
Business Acquisition [Line Items]                  
Other intangible assets         $ 4,600        
Resolux                  
Business Acquisition [Line Items]                  
Current assets               $ 10,210  
Property, plant and equipment               459  
Right of use assets               1,125  
Other assets               86  
Accounts payable               (3,058)  
Current portion of long term debt               0  
Accrued expenses and other liabilities               (4,747)  
Lease and financing obligations               (1,125)  
Goodwill               10,305  
Total consideration exchanged               30,755  
Total consideration exchanged               30,755  
Cash consideration               30,755  
Seller's notes               0  
Resolux | Customer relationships                  
Business Acquisition [Line Items]                  
Other intangible assets               11,400  
Resolux | Trade names                  
Business Acquisition [Line Items]                  
Other intangible assets               $ 6,100  
Frontier                  
Business Acquisition [Line Items]                  
Current assets             $ 2,881    
Property, plant and equipment             1,189    
Right of use assets             9,313    
Other assets             0    
Accounts payable             (778)    
Current portion of long term debt             0    
Accrued expenses and other liabilities             (1,462)    
Lease and financing obligations             (9,313)    
Goodwill             11,544    
Total consideration exchanged             25,674    
Total consideration exchanged             25,674    
Cash consideration             25,674    
Seller's notes             0    
Frontier | Customer relationships                  
Business Acquisition [Line Items]                  
Other intangible assets             9,300    
Frontier | Trade names                  
Business Acquisition [Line Items]                  
Other intangible assets             $ 3,000    
National Test Equipment                  
Business Acquisition [Line Items]                  
Current assets       $ 2,187          
Property, plant and equipment       642          
Right of use assets       0          
Other assets       0          
Accounts payable       (196)          
Current portion of long term debt       (2,073)          
Accrued expenses and other liabilities       (1,171)          
Lease and financing obligations       0          
Goodwill       5,703          
Total consideration exchanged       7,192          
Total consideration exchanged       7,192          
Cash consideration       6,023          
Seller's notes       1,169          
National Test Equipment | Customer relationships                  
Business Acquisition [Line Items]                  
Other intangible assets       2,100          
National Test Equipment | Trade names                  
Business Acquisition [Line Items]                  
Other intangible assets       $ 0          
Instrumex                  
Business Acquisition [Line Items]                  
Current assets     $ 3,495            
Property, plant and equipment     30            
Right of use assets     0            
Other assets     14            
Accounts payable     (1,305)            
Current portion of long term debt     0            
Accrued expenses and other liabilities     (153)            
Lease and financing obligations     0            
Goodwill     1,053            
Total consideration exchanged     3,934            
Total consideration exchanged     3,934            
Cash consideration     3,934            
Seller's notes     0            
Instrumex | Customer relationships                  
Business Acquisition [Line Items]                  
Other intangible assets     800            
Instrumex | Trade names                  
Business Acquisition [Line Items]                  
Other intangible assets     $ 0