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Acquisitions and Divestitures (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Business Acquisition, Pro Forma Information |
|  |  |  | Year Ended December 31,
|  |  |  |  |  | 2022 |  |
|  |  |  |  |  | Unaudited
Net sales |  |  |  |  |  | $ | 522,997 |  |  |
Net (loss) income attributable to L.B. Foster Company |  |  |  |  |  | (44,564) |  |  |
Diluted (loss) earnings per share |  |  |  |  |  |  |  |
As reported |  |  |  |  |  | $ | (4.25) |  |  |
Pro forma |  |  |  |  |  | $ | (4.16) |  |  |
Schedule of Business Acquisitions, by Acquisition | The following table summarizes estimated fair values of the assets acquired and liabilities assumed at the date of the VanHooseCo and Skratch acquisitions, including final purchase accounting adjustments as of December 31, 2023:
Allocation of purchase price |  | VanHooseCo |  | Skratch
Current assets, net of cash acquired on the acquisition date |  | $ | 11,138 |  |  | $ | 1,129 |
Property, plant, and equipment |  | 30,410 |  |  | 174 |
Goodwill |  | 8,463 |  |  | 5,549 |
Other intangibles |  | 5,442 |  |  | 1,750 |
Liabilities assumed |  | (3,307) |  |  | (1,200) |
Total |  | $ | 52,146 |  |  | $ | 7,402 |
The following table summarizes estimates of the fair values of the VanHooseCo and Skratch identifiable intangible assets acquired:
|  | VanHooseCo |  | Skratch
Identifiable intangible assets |  | Weighted Average Amortization Period In Years |  | Net Carrying Amount |  | Weighted Average Amortization Period In Years |  | Net Carrying Amount
Non-compete agreements |  | 0 |  | $ | — |  |  | 1 |  | $ | 27 |
Customer relationships |  | 5 |  | 3,578 |  |  | 3 |  | 1,349 |
Trademarks and trade names |  | 10 |  | 1,537 |  |  | 10 |  | 374 |
Favorable lease |  | 6 |  | 327 |  |  | 0 |  | — |
Total |  |  |  | $ | 5,442 |  |  |  |  | $ | 1,750 |

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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 a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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