Acquisitions (Tables)

9 Months Ended

Sep. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Summary of Purchase Price Allocations

The following table summarizes the final allocations of the BROSCO Acquisition purchase price consideration to the assets acquired and liabilities assumed based upon their respective estimated fair values at the date of acquisition:

	Acquisition Date Fair Value
	(thousands)
Cash and cash equivalents	$	4,009
Accounts receivable	19,688
Inventories	36,000
Other current assets	159
Property and equipment	57,331
Other assets	508
Intangible assets:
Trade name	18,000
Customer relationships	29,000
Goodwill	32,296
Assets acquired	196,991
Accounts payable	2,144
Accrued liabilities	4,078
Deferred tax liabilities	20,121
Other long-term liabilities	478
Liabilities assumed	26,821
Net assets acquired	$	170,170
Consideration paid, net of cash acquired	$	166,161

Business Acquisition, Pro Forma Information

The following pro forma financial information presents the combined results of operations as if the BROSCO facilities had been combined with us on January 1, 2022. The pro forma results are intended for information purposes only and do not purport to represent what the combined companies' results of operations would actually have been had the related transaction in fact occurred on January 1, 2022. They also do not reflect any cost savings, operating synergies, or revenue enhancements that we may achieve or the costs necessary to achieve these cost savings, operating synergies, revenue enhancements, or integration efforts.

	Pro Forma
		Three Months Ended September 30, 2023		Nine Months Ended September 30, 2023
	(unaudited, thousands)
Sales		$	1,881,799	$	5,341,208
Net income		$	145,153	$	397,346