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ACQUISITION (Tables)
 6 Months Ended
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 assets13,332 
Tangible assets acquired and liabilities assumed:
Cash1,088 
Trade accounts receivable6,061 
Inventories13,117 
Other current assets1,468 
Property and equipment1,739 
Other assets1,755 
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
Technology3,169 10.0
Total finite-lived intangible assets11,365 
Indefinite-lived intangible assets:
Trade name1,967 
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)20252024
Revenue$54,767 $68,743 
Net (loss) earnings$(2,832)$710 
Diluted (loss) earnings per share$(0.23)$0.06