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ACQUISITION (Tables) | 6 Months Ended
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Jun. 30, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the consideration transferred to acquire Deflecto and the recognized amounts of identifiable assets and acquired liabilities assumed at the acquisition date (in thousands):
Fair value of consideration transferred: |
Cash | $ | 59,898 |
Closing indebtedness | 21,391 |
Transaction expenses paid to Sellers | 15,290 |
Adjustment and indemnity escrow amount | 1,185 |
Total consideration | $ | 97,764 |
Identifiable assets acquired and liabilities assumed: |
Cash and cash equivalents | $ | 11,316 |
Accounts receivables | 15,705 |
Inventories | 17,617 |
Prepaid expenses and other current assets | 4,498 |
Deferred tax assets | 11,588 |
Property, plant and equipment, net | 23,203 |
Operating lease, right-of-use assets | 8,841 |
Customer relationships | 22,400 |
Trade names and trademarks | 9,100 |
Developed technology | 1,000 |
Favorable leases | 704 |
Accounts payable | (8,836) |
Accrued expenses | (17,172) |
Liability for sales tax and fees | (7,000) |
Current lease liabilities | (2,614) |
Long-term lease liabilities | (6,354) |
Deferred tax liabilities | (3,031) |
Total identifiable net assets | $ | 80,965 |
Goodwill | $ | 16,799 |

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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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