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Business Acquisitions and Investments (Tables)
12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed
The table below details the fair values of the assets acquired and the liabilities assumed at the acquisition date:
(in thousands)
Accounts receivable$3,317 
Inventories90,428 
Prepaids and other current assets5,293 
Property, plant and equipment23,776 
Goodwill247,474 
Identifiable intangible assets157,500 
Operating lease right-of-use assets11,661 
Other Assets3,001 
Accounts payable(7,436)
Accrued compensation(2,086)
Accrued customer rebates and returns(1,609)
Other current liabilities(8,726)
Long-term operating lease liabilities(9,508)
Other long-term liabilities(3,307)
Net cash consideration509,778 
Summary of Unaudited Proforma Information
The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved had the acquisition been consummated as of that time.
For the Year Ended
(in thousands, except per share data, unaudited)December 31, 2022
Net sales$1,888,379 
Net income$130,375 
Diluted earnings per share$4.13