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BUSINESS COMBINATIONS (Tables) | 9 Months Ended
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Sep. 30, 2024
BUSINESS COMBINATIONS |
Schedule of allocation of the consideration for net assets acquired | The allocation of the consideration for the net assets acquired by SHC from Southern Hydraulic Cylinder, Inc. were as follows:
​ | ​ | ​ | ​
(in thousands) | ​ | ​ | ​
Sources of financing: | ​ | ​ | ​
Cash | ​ | $ | 17,352
Fair value of consideration transferred | ​ | ​ | 17,352
​ | ​ | ​ | ​
Fair value of assets and liabilities: | ​ | ​ | ​
Accounts receivable | ​ | ​ | 2,245
Fixed assets | ​ | ​ | 3,735
Inventory | ​ | ​ | 3,467
Prepaid insurance | ​ | ​ | 71
Intangibles | ​ | ​ | 193
Total identifiable assets acquired | ​ | ​ | 9,711
​ | ​ | ​ | ​
Assumed liabilities | ​ | ​ | 738
Goodwill | ​ | $ | 8,379
Schedule of pro forma summary of the Company | ​
​ | ​ | ​ | ​ | ​ | ​
​ | Nine Months Ended September 30
(in thousands) | ​ | 2024 | ​ | ​ | 2023
Revenue | $ | 1,035,593 | ​ | $ | 863,037
Income before income taxes | $ | 67,502 | ​ | $ | 54,926
​

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- 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 + Details
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