ACQUISITIONS (Tables)

Dec. 12, 2023

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The purchase price of $243.9 million, net of $10.6 million of cash acquired consists of the amounts presented below, which represent the preliminary determination of the fair value of the identifiable assets acquired and liabilities assumed:

(In thousands)	December 12, 2023
Accounts receivable	$	5,960
Inventories	11,255
Prepaid expenses and other current assets	2,062
Property, plant and equipment	3,028
Intangible assets	180,500
Goodwill	87,079
Other long-term assets	4,705
Total assets acquired	$	294,589
Accounts payable	5,626
Accrued payroll and related costs	1,723
Other liabilities	7,277
Deferred tax liability	30,258
Other long-term liabilities	5,853
Total liabilities assumed	$	50,737
Net assets acquired	$	243,852

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

Intangible assets acquired consist of the following:

(In thousands)	Amount		Weighted-Average Amortization Period	Risk-Adjusted Discount Rates used in Purchase Price Allocation
Developed technology	$	121,600	15 years	20.0	%
Customer contracts and related relationships	53,900		15 years	18.4	%
Trade names	5,000		15 years	20.0	%
Total	$	180,500