Acquisition Activity (Tables)

12 Months Ended

Dec. 31, 2024

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

Schedule of Business Acquisitions, by Acquisition

The following tables summarizes the FMS Acquisition consideration and the preliminary fair value estimates of assets acquired and liabilities assumed, recognized at the date of the FMS Acquisition, with preliminary purchase price allocation adjustments since the preliminary purchase price allocation as previously disclosed as of June 30, 2024:

$s in thousands	As of June 30, 2024		Net Working Capital Adjustment		Closing Price Adjustment		As of December 31, 2024
Common Stock	$	16,197	$	—	$	(3,136)	$	13,061
Working Capital Excess Shares	233		—		(59)		174
Closing Cash Shares Adjustment	1,792		(1,600)		(49)		143
Accrued Dividends Payable Adjustment	800		—		—		800
Earnout Shares	2,164		—		—		2,164
Total purchase price	$	21,186	$	(1,600)	$	(3,244)	$	16,342

The following table summarizes the final purchase price allocation:

$s in thousands	Purchase Price Allocation
Cash and cash equivalents	$	3
Intangible assets	1,300
Accounts payable	(37)
Long-term accrued expenses and other noncurrent liabilities	(67)
Deferred tax liability	(314)
Total identifiable net assets	885
Goodwill	10,676
Total purchase price	$	11,561

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

$s in thousands	As of June 30, 2024		Adjustments		As of December 31, 2024
Cash and cash equivalents	2,592		—		2,592
Accounts receivable1	2,684		17		2,701
Aircraft support parts	265		—		265
Prepaid expenses and other current assets	124		—		124
Property, plant and equipment	1,014		—		1,014
Intangible assets	3,900		—		3,900
Other noncurrent assets	838		1,016		1,854
Accounts payable	(259)		—		(259)
Dividends payable	(800)		—		(800)
Deferred revenue	(90)		(90)		(180)
Accrued expenses and other current liabilities	(170)		—		(170)
Operating right-of-use current liability	—		(56)		(56)
Operating right-of-use noncurrent liability	—		(960)		(960)
Deferred tax liability	(490)		(779)		(1,269)
Total identifiable net assets	9,608		(852)		8,756
Goodwill	11,578		(3,992)		7,586
Total purchase price	$	21,186	$	(4,844)	$	16,342

1     Balance includes $1.0 million in unbilled receivable. Fair value of accounts receivable approximates the     contractual amount.