BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2024

BUSINESS COMBINATIONS

Schedule of allocation of the consideration for net assets acquired

The allocation of the consideration for the net assets acquired by SHC from Southern Hydraulic Cylinder, Inc. were as follows:

(in thousands)
Sources of financing
Cash	$	17,352
Fair value of consideration transferred		17,352
Fair value of assets and liabilities
Accounts receivable		2,245
Fixed assets		3,735
Inventory		3,467
Prepaid insurance		71
Intangibles		193
Total identifiable assets acquired		9,711
Assumed liabilities		738
Goodwill	$	8,379

Schedule of pro forma summary of the Company

	Six Months Ended June 30
(in thousands)		2024		2023
Revenue	$	721,322	$	588,469
Income before income taxes	$	47,732	$	25,742