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ACQUISITION (Tables)

6 Months Ended

Jun. 30, 2025

ACQUISITION

Schedule of assets acquired and liabilities assumed measured at their fair values as of the acquisition date

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​	​	​	​	​
​		Amount
Cash and cash equivalents	​	$	3,000	​
Accounts receivable	​		66,268	​
Inventories	​		7,544	​
Prepaid expenses	​		302	​
Property, plant and equipment, net	​		49,310	​
Operating lease right-of-use assets	​		541	​
Finance lease right-of-use assets	​		1,134	​
Other intangibles, net	​		96,900	​
Other assets	​		6	​
Total assets	​	​	225,005	​
​	​	​	​	​
Accounts payable	​	​	(52,601)	​
Accrued payroll and related expenses	​		(4,911)	​
Accrued state, local and other taxes	​		(1,498)	​
Current portion of notes payable	​	​	(4,375)	​
Current portion of operating lease liabilities	​		(514)	​
Accrued expenses and other liabilities	​	​	(8,673)	​
Long-term finance lease liabilities	​		(1,159)	​
Total liabilities	​		(73,731)	​
Net assets acquired	​	​	151,274	​
Preliminary purchase price allocation	​	​	193,656	​
Goodwill recorded	​	$	42,382	​

Schedule of preliminary fair values assigned to identifiable intangible asset

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​	​	​	​	​	​
​	​	Preliminary Fair Value	​	​	Estimated Useful Life
(in thousands)	​	​	​	​	​
Customer relationships	$	86,800	​	​	10
Trade names and trademarks	​	10,100	​	​	10
Intangible assets acquired	$	96,900	​	​	​

Schedule of pro forma financial information

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Three months ended

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Six months ended

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June 30,

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June 30,

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2025

2024

2025

2024

(in thousands)

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Revenues

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$

420,809

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$

466,513

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$

861,438

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$

944,873

Net income

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10,644

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44,408

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26,331

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75,736

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X

- Definition

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
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

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X

- References

No definition available.

+ Details

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Data Type:	xbrli:stringItemType
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X

- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ 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
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-1

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X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

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