| Summary of Aggregate Fair Values of Assets Acquired and Liabilities Assumed |
The following table summarizes the aggregate fair values of the assets acquired and liabilities assumed for acquisitions during the years ended December 31, 2024, and 2023:
|
|
|
|
|
|
|
|
|
|
|
Total Acquisitions |
|
|
|
2024 |
|
|
2023 |
|
|
|
(in thousands) |
|
Cash and cash equivalents |
|
$ |
9,730 |
|
|
$ |
— |
|
Accounts receivable |
|
|
39,749 |
|
|
|
25,751 |
|
Other receivables |
|
|
127 |
|
|
|
— |
|
Inventories |
|
|
35,585 |
|
|
|
36,789 |
|
Contract assets |
|
|
454 |
|
|
|
— |
|
Other current assets |
|
|
426 |
|
|
|
70 |
|
Property, plant and equipment |
|
|
55,385 |
|
|
|
15,053 |
|
Operating lease right-of-use assets |
|
|
19,183 |
|
|
|
20,449 |
|
Finance lease right-of-use assets |
|
|
— |
|
|
|
528 |
|
Intangible assets |
|
|
110,848 |
|
|
|
82,942 |
|
Other assets |
|
|
134 |
|
|
|
138 |
|
Total assets |
|
|
271,621 |
|
|
|
181,720 |
|
|
|
|
|
|
|
|
Accounts payable |
|
|
8,842 |
|
|
|
3,122 |
|
Accrued liabilities |
|
|
9,138 |
|
|
|
1,985 |
|
Contract liabilities |
|
|
1,244 |
|
|
|
2,868 |
|
Operating lease liabilities |
|
|
19,183 |
|
|
|
20,449 |
|
Finance lease liabilities |
|
|
— |
|
|
|
528 |
|
Total liabilities |
|
|
38,407 |
|
|
|
28,952 |
|
|
|
|
|
|
|
|
Goodwill |
|
|
121,948 |
|
|
|
99,702 |
|
Total purchase consideration |
|
|
355,162 |
|
|
|
252,470 |
|
Accrued contingent consideration and purchase price adjustments |
|
|
(8,974 |
) |
|
|
(13,797 |
) |
Less: cash acquired |
|
|
(9,730 |
) |
|
|
— |
|
Total cash consideration |
|
$ |
336,458 |
|
|
$ |
238,673 |
|
|