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Acquisitions (Tables)
6 Months Ended
Jun. 30, 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$2,671 
Working capital20,481 
Property, plant and equipment6,707 
Acquired intangible assets67,100 
Other assets671 
Other liabilities(17,951)
Goodwill38,300 
Fair value of purchase consideration$117,979 
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$2,328 
Working capital10,740 
Property, plant and equipment4,918 
Acquired intangible assets22,340 
Other assets9,330 
Other liabilities(7,815)
Goodwill48,327 
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 ValueWeighted-Average Amortization Period
Trademarks$6,800 20 years
Customer relationships55,000 15 years
Backlog5,300 Less than 1 year
Total$67,100 
The intangible assets acquired in these acquisitions consisted of the following (in thousands):
Fair ValueWeighted-Average Amortization Period
Trademarks$3,870 
5 -11 years
Customer relationships18,470 
9 - 10 years
Total$22,340 
Summary of Unaudited Pro Forma Financial Information
The following unaudited pro forma financial information represents a summary of the consolidated results of continuing operations of the Company for the three and six months ended June 30, 2025 and 2024, assuming these acquisitions had been completed on January 1, 2024 (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Net sales$309,517 $318,994 $578,937 $597,479 
Operating income42,151 43,612 74,899 73,765