Acquisitions (Tables)

3 Months Ended

Mar. 31, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [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):

Cash	$	1,467
Working capital	22,108
Property, plant and equipment	6,707
Acquired intangible assets	67,100
Other assets	671
Other liabilities	(19,176)
Goodwill	38,245
Fair value of purchase consideration	$	117,122

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 acquisitions (in thousands):

Cash	$	4,407
Working capital	13,299
Property, plant and equipment	5,272
Acquired intangible assets	15,300
Other assets	4,502
Other liabilities	(1,524)
Goodwill	48,912
Fair value of purchase consideration	$	90,168

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	$	6,800	20 years
Customer relationships	55,000		15 years
Backlog	5,300		Less than 1 year
Total	$	67,100

The intangible assets acquired in these acquisitions consisted of the following (in thousands):

	Fair Value		Weighted-Average Amortization Period
Trademarks	$	4,300	5 years
Customer relationships	11,000		10 years
Total	$	15,300

Summary of Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information represents a summary of the consolidated results of operations of the Company for the three months ended March 31, 2025 and 2024, assuming these acquisitions had been completed on January 1, 2024 (in thousands):

	Three Months Ended March 31,
	2025		2024
Net sales	$	313,079	$	329,981
Income from operations	27,736		31,941