Business Combinations (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value of Intangible Assets

The fair value of intangible assets for Motion Solutions is comprised of the following:

	Estimated Fair		Amortization
	Value (In thousands)		Period
Developed technologies	$	34,400	7 years
Customer relationships		43,100	13 years
Backlog		5,500	1 year
Total	$	83,000

Summary of Pro Forma Financial Information

The pro forma information for all periods presented below includes the effect of business combination accounting resulting from the acquisition of Motion Solutions, including amortization of inventory fair value adjustments, amortization of intangible assets, interest expense on borrowings in connection with the acquisition, and the related tax effects, assuming that the acquisition had been consummated as of January 1, 2023. The pro forma financial information is presented for comparative purposes only and is not necessarily indicative of the results of operations that actually would have been achieved if the acquisition had taken place on January 1, 2023.

	Year Ended
	December 31,		December 31,
	2024		2023
Revenue	$	949,245	$	966,655
Net income	$	66,495	$	58,169

MPH Medical Devices S.R.O

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

The total purchase price for MPH was allocated as follows (in thousands):

	Purchase Price
	Allocation
Cash	$	182
Accounts receivable		1,658
Inventories		957
Property, plant and equipment		12,094
Goodwill		9,863
Other assets		163
Total assets acquired		24,917
Accounts payable		562
Deferred tax liabilities		1,124
Other liabilities		664
Total liabilities assumed		2,350
Total assets acquired, net of liabilities assumed		22,567
Less: cash acquired		182
Total purchase price, net of cash acquired	$	22,385

Motion Solutions Parent Corp.

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

The final purchase price for Motion Solutions was allocated as follows (in thousands):

	Purchase Price
	Allocation
Cash	$	776
Accounts receivable		8,515
Inventory		13,940
Property, plant and equipment		3,126
Operating lease assets		8,076
Intangible assets		83,000
Goodwill		106,761
Other assets		1,002
Total assets acquired		225,196
Accounts payable		5,305
Operating lease liabilities		8,514
Deferred tax liabilities		18,171
Other liabilities		1,230
Total liabilities assumed		33,220
Total assets acquired, net of liabilities assumed		191,976
Less: cash acquired		776
Purchase price, net of cash acquired	$	191,200