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ACQUISITION (Tables) | 6 Months Ended
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Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Business Combination, Recognized Asset Acquired and Liability Assumed | The total purchase price of $21.9 million has been allocated as follows:
(in thousands) |  | March 12, 2024
Goodwill |  | $ | 9,883 |
Identifiable intangible assets |  | 13,332 |
Tangible assets acquired and liabilities assumed: |  |
Cash |  | 1,088 |
Trade accounts receivable |  | 6,061 |
Inventories |  | 13,117 |
Other current assets |  | 1,468 |
Property and equipment |  | 1,739 |
Other assets |  | 1,755 |
Accounts payable |  | (4,669) |
Accrued expenses and other current liabilities |  | (5,221) |
Deferred tax liability |  | (2,326) |
Debt (current and long-term) |  | (11,274) |
Other non-current liabilities |  | (3,052) |
Total purchase price |  | $ | 21,901 |
Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived | The following table summarizes the estimated fair value of Alfamation™’s identifiable intangible assets and their estimated useful lives as of the acquisition date:
|  | Fair Value |  | Weighted Average Estimated Useful Life
(in thousands except lives) |  |  |  | (in years)
Finite-lived intangible assets: |  |  |  |
Customer relationships |  | $ | 8,196 |  |  | 20.0
Technology |  | 3,169 |  |  | 10.0
Total finite-lived intangible assets |  | 11,365 |  |  |
Indefinite-lived intangible assets: |  |  |  |
Trade name |  | 1,967 |  |  |
Total intangible assets |  | $ | 13,332 |  |  |
Business Combination, Pro Forma Information | These proforma summaries are presented for informational purposes only and are not necessarily indicative of what the actual results of operations would have been had the acquisition taken place as of that date, nor are they indicative of future consolidated results of operations:
|  | Six Months Ended June 30,
(in thousands except per share data) |  | 2025 |  | 2024
Revenue |  | $ | 54,767 |  |  | $ | 68,743 |
Net (loss) earnings |  | $ | (2,832) |  |  | $ | 710 |
Diluted (loss) earnings per share |  | $ | (0.23) |  |  | $ | 0.06 |

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- Definition Tabular disclosure of pro forma revenue and earnings for business combination or aggregate of series of individually immaterial business combinations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-49 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 4: 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 5: 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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