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Note 2 - Acquisitions (Tables)

9 Months Ended

Sep. 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 September 30, 2022
						Historical				Pro Forma				Pro Forma
		Historical OSI				Metal-Fab				Adjustments				Combined
(in thousands, except per share amounts)
Pro forma (unaudited):
Net sales		$	634,437			$	25,803			$	184			$	660,424
Net income (loss)		$	12,046			$	5,023			$	(2,817	)		$	14,252
Basic earnings per share		$	1.04			$	0.43			$	(0.24	)		$	1.23
Diluted earnings per share		$	1.04			$	0.43			$	(0.24	)		$	1.23

		For the nine months ended September 30, 2022
						Historical				Pro Forma				Pro Forma
		Historical OSI				Metal-Fab				Adjustments				Combined
(in thousands, except per share amounts)
Pro forma (unaudited):
Net sales		$	2,039,946			$	72,605			$	552			$	2,113,103
Net income (loss)		$	86,972			$	12,868			$	(10,035	)		$	89,805
Basic earnings per share		$	7.53			$	1.11			$	(0.86	)		$	7.78
Diluted earnings per share		$	7.53			$	1.11			$	(0.86	)		$	7.78

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

- 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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X

- References

No definition available.

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