Acquisition (Tables)

3 Months Ended

Mar. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Business Acquisitions Purchase Price Consideration

The purchase consideration to acquire APA consisted of the following:

Cash consideration paid	166,135
Earn-out	19,256
Purchase consideration	$	185,391

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the fair values of the assets acquired and liabilities assumed, including measurement period adjustments recognized through December 31, 2025 (in thousands). No measurement period adjustments were recognized during the three months ended March 31, 2026.

Fair Value of Net Assets Acquired and Liabilities Assumed:	Acquisition Date Including Remeasurements
Cash and cash equivalents	$	1,219
Accounts receivable	29,124
Inventories	25,136
Prepaid expenses and other	466
Property, plant and equipment	14,256
Other intangible assets	88,000
Other assets	27,244
Total assets acquired	$	185,445
Accounts payable	12,540
Deferred revenue	22,329
Other liabilities	4,138
Other long-term liabilities	26,493
Total liabilities assumed	$	65,500
Fair value of net assets acquired	119,945
Allocation to goodwill	$	65,446

Schedule of Purchase Price Allocation

The purchase price allocation includes $88.0 million of acquired identifiable intangible assets as follows:

	Estimated Fair Value (in USD)		Estimated Weighted Average Useful Life in Years
(in thousands, except useful lives)
Developed technology	$	22,000	5
Computer software and other	13,000		5
Customer relationships	39,500		5-9
Backlog	3,500		1
Trade name	10,000		10
Total	$	88,000

Schedule of Business Acquisition, Pro Forma Information

The unaudited pro forma financial information does not reflect any adjustments for anticipated expense savings resulting from the APA Acquisition and is not necessarily indicative of the operating results that would have actually occurred had the APA Acquisition been consummated on January 1, 2024. These results are prepared in accordance with U.S. GAAP (in thousands).

	Three Months Ended March 31, 2025
Revenue	$	328,240
Net income	12,970
Pro forma adjustments (1)	$	(6,788)

(1) Pro forma adjustments represent re-casting of incremental expenses, net of estimated taxes, resulting from the APA Acquisition, including Deferred Consideration expense, intangible asset amortization, and the impacts of lease re-measurements and increases to the fair value of inventories and property, plant and equipment.