Quarterly report [Sections 13 or 15(d)]

Acquisitions (Tables)

v3.26.1
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Fair Value of Identifiable Assets Acquired and Liabilities Assumed
The preliminary allocation of the total estimated purchase consideration is as follows:
(in thousands) May 4, 2026
Accounts receivable, net $ 1,193 
Inventories 611 
Prepaid expenses and other current assets 7 
Property, plant and equipment 100 
Intangible assets 7,665 
Total identifiable assets acquired 9,576 
Accounts payable 658 
Accrued expenses and other current liabilities 117 
Total identifiable liabilities assumed 775 
Net identifiable assets acquired 8,801 
Total preliminary consideration transferred per ASC 805 13,536 
Goodwill $ 4,735 
Schedule of Pro Forma Financial Information
The following unaudited pro forma information shows the combined results of operations as if the acquisition had occurred as of the beginning of the periods presented. The unaudited pro forma information is presented for informational purposes only and may not reflect the actual results that would have been achieved and indicate future results.
(unaudited) Three Months Ended June 30, Six Months Ended June 30,
(in thousands, except per share data) 2026 2025 2026 2025
Pro forma net sales $ 26,551  $ 21,432  $ 49,169  $ 42,514 
Pro forma net income (loss) $ 759  $ (2,609) $ (732) $ (4,232)