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v3.23.2

Note 2 - Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2023
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
Details of Acquisition (in thousands) |  | Total |
Assets acquired |  |  |  |
Cash and cash equivalents |  | $ | 1,728 |
Accounts receivable, net |  |  | 10,597 |
Prepaid expenses and other |  |  | 740 |
Inventories, net |  |  | 17,236 |
Property and equipment |  |  | 20,408 |
Goodwill |  |  | 33,194 |
Intangible assets |  |  | 54,740 |
Right-of-use and other long-term assets |  |  | 6,930 |
Total assets acquired |  |  | 145,573 |
Total liabilities assumed |  |  | (14,369 | )
Cash paid |  | $ | 131,204 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | For the three months ended June 30, 2022 |
|  | Historical OSI |  |  | Historical Metal-Fab |  |  | Pro Forma Adjustments |  |  | Pro Forma Combined |
(in thousands, except per share amounts) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pro forma (unaudited): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 709,176 |  |  | $ | 24,117 |  |  | $ | 184 |  |  | $ | 733,477 |
Net income (loss) |  | $ | 37,624 |  |  | $ | 3,803 |  |  | $ | (2,817 | ) |  | $ | 38,610 |
Basic earnings per share |  | $ | 3.26 |  |  | $ | 0.33 |  |  | $ | (0.24 | ) |  | $ | 3.35 |
Diluted earnings per share |  | $ | 3.26 |  |  | $ | 0.33 |  |  | $ | (0.24 | ) |  | $ | 3.35 |
|  | For the six months ended June 30, 2022 |
|  | Historical OSI |  |  | Historical Metal-Fab |  |  | Pro Forma Adjustments |  |  | Pro Forma Combined |
(in thousands, except per share amounts) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pro forma (unaudited): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 1,405,509 |  |  | $ | 46,802 |  |  | $ | 368 |  |  | $ | 1,452,679 |
Net income (loss) |  | $ | 74,926 |  |  | $ | 7,845 |  |  | $ | (7,218 | ) |  | $ | 75,553 |
Basic earnings per share |  | $ | 6.49 |  |  | $ | 0.68 |  |  | $ | (0.63 | ) |  | $ | 6.55 |
Diluted earnings per share |  | $ | 6.49 |  |  | $ | 0.68 |  |  | $ | (0.63 | ) |  | $ | 6.55 |

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- 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 + Details
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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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