Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Business Combinations [Abstract]

Schedule of Allocation of the Purchase Price Consideration of the Fair Value of Assets Acquired and Liabilities Assumed

The preliminary allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):

Working capital	$	827
Property, plant, and equipment	195
Acquired intangible assets	5,200
Other assets	134
Other liabilities	(72)
Goodwill	4,133
Fair value of purchase consideration	$	10,417

The allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):

Cash	$	1,018
Working capital	23,372
Property, plant, and equipment	8,486
Acquired intangible assets	14,700
Other assets	1,813
Other liabilities	(1,295)
Goodwill	3,991
Fair value of purchase consideration	$	52,085

Schedule of Acquired Intangible Assets

The intangible assets acquired in this acquisition consisted of the following (in thousands):

	Fair Value		Weighted-Average Amortization Period
Trademarks	$	300	2 years
Customer relationships	4,900		12 years
Total	$	5,200

The intangible assets acquired in this acquisition consisted of the following as of the date of acquisition (in thousands):

	Fair Value		Weighted-Average Amortization Period
Trademarks	$	2,800	Indefinite
Customer relationships	11,900		12 years
Total	$	14,700

Schedule of Business Combination Costs

The acquisition-related costs consisted of the following for the years ended December 31 (in thousands):

	2023		2022		2021
Cost of sales	$	12	$	1,427	$	—
Selling, general and administrative costs	253		545		949
Total acquisition related costs	$	265	$	1,972	$	949