Quarterly report [Sections 13 or 15(d)]

Acquisitions (Tables)

v3.26.3
Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2026
Business Combination [Abstract]  
Preliminary Allocation Off the Purchase Price Final determination of the fair values may result in further adjustments to the values presented in the following table:
Preliminary Purchase
Price Allocation		 Adjustments Purchase
Price Allocation
Cash paid, net of cash acquired $ 178,533  $ 986  $ 179,519 
Recognized amounts of identifiable net assets acquired:
Accounts receivable $ 13,997  $ —  $ 13,997 
Inventories 2,525  372  2,897 
Property, plant and equipment 44,955  5,208  50,163 
Right-of-use lease assets 8,287  (913) 7,374 
Other intangible assets 81,600  (6,100) 75,500 
Other long-term assets 107  —  107 
Fair value of assets acquired 151,471  (1,433) 150,038 
Accounts payable 5,516  —  5,516 
Accrued liabilities 1,658  —  1,658 
Operating lease liabilities—current 2,000  (244) 1,756 
Deferred income taxes 28,911  (198) 28,713 
Operating lease liabilities—noncurrent 6,377  (669) 5,708 
Fair value of identifiable net assets acquired 107,009  (322) 106,687 
Goodwill 71,524  1,308  72,832 
Total purchase price allocated $ 178,533  $ 986  $ 179,519 
The following table sets forth the calculation and final allocation of the purchase price to the identifiable assets acquired with respect to the Cornerstone Acquisition:
Purchase
Price Allocation
Cash paid $ 41,480 
Recognized amounts of identifiable assets acquired:
Accounts receivable $ 9,991 
Inventories 3,259 
Property, plant and equipment 25,000 
Other intangible assets 2,380 
Other long-term assets 695 
Fair value of identifiable assets acquired 41,325 
Goodwill 155 
Total purchase price allocated $ 41,480 
Intangible Asset Acquired Finite-Lived
The valuation of intangibles assets acquired and the related weighted-average amortization period are as follows:
Amount Weighted-Average
Expected Useful Life
(in years)
Intangible assets subject to amortization:
Developed technology $ 20,800  15
Customer relationships 47,600  12.5
Total intangible assets subject to amortization $ 68,400 
Indefinite-lived intangible assets:
Trade names $ 7,100 
The valuation of intangibles assets acquired and the related weighted-average amortization period are as follows:
Amount Weighted-Average
Expected Useful Life
(in years)
Intangible assets subject to amortization:
Customer relationships $ 2,380  15
Intangible Asset Acquired Indefinite-Lived
The valuation of intangibles assets acquired and the related weighted-average amortization period are as follows:
Amount Weighted-Average
Expected Useful Life
(in years)
Intangible assets subject to amortization:
Developed technology $ 20,800  15
Customer relationships 47,600  12.5
Total intangible assets subject to amortization $ 68,400 
Indefinite-lived intangible assets:
Trade names $ 7,100 
Unaudited Pro Forma Financial Information
The unaudited pro forma financial information is presented in the table below for the three and nine months ended September 30, 2026 and 2025, respectively, as if the Calabrian Acquisition had occurred on January 1, 2025:
Three months ended
September 30,		 Nine months ended
September 30,
2026 2025 2026 2025
Sales $ 308,636  $ 229,609  $ 827,953  $ 596,978 
Net income (loss) $ 20,038  $ (77,979) $ 42,345  $ (84,127)