| Summary of Consideration Transferred and Preliminary Purchase Price Allocation of Assets Acquired and Liabilities Assumed |
The following table summarizes consideration transferred and the preliminary purchase price allocation of identified assets acquired and liabilities assumed: | | | | | | | (Amounts in thousands) | Preliminary Amount | | Cash and cash equivalents | $ | 3,189 | | | Accounts receivable | 44,944 | | | Inventory | 93,092 | | | Other current assets | 1,359 | | Assets held for sale(a) | 42,554 | | | Property, plant and equipment | 67,699 | | | Goodwill | 317,677 | | | Intangible assets | 456,920 | | | Deferred tax assets | 5,751 | | | Other assets | 17,212 | | | Total assets acquired | 1,050,397 | | | | | Accounts payable | (10,664) | | | Accrued expenses | (29,285) | | Liabilities held for sale(a) | (13,779) | | | Other liabilities | (11,788) | | | Total liabilities acquired | (65,516) | | Total preliminary fair value of consideration transferred | $ | 984,881 | |
(a)Upon acquisition, certain NDS entities met the held-for-sale criteria. The Company accordingly classified the associated assets acquired and liabilities assumed as held for sale. The following table summarizes the consideration transferred and the preliminary purchase price allocation of assets acquired and liabilities assumed. The purchase price allocation for assets acquired and liabilities assumed is preliminary and will be finalized when valuations are complete and final assessments of the fair value of acquired assets and assumed liabilities are completed. Such finalization may result in material changes from the preliminary purchase price allocation. The Company's estimates and assumptions are subject to change during the measurement period (up to one year from the closing date), as the Company continues to finalize the valuations of assets acquired and liabilities assumed. | | | | | | | | | | | | | | | | | | | (Amounts in thousands) | Initial Amount | | Valuation Adjustments | | Updated Amount | | Accounts receivable | $ | 3,101 | | | $ | — | | | $ | 3,101 | | | Inventory | 3,027 | | | — | | | 3,027 | | | Property, plant and equipment | 6,986 | | | — | | | 6,986 | | | Goodwill | 4,964 | | | (1,029) | | | 3,935 | | | Intangible assets | 2,970 | | | — | | | 2,970 | | | Other assets | 75 | | | — | | | 75 | | | Total assets acquired | 21,123 | | | (1,029) | | | 20,094 | | | | | | | | | Accounts payable | (1,227) | | | — | | | (1,227) | | | Accrued expenses | (285) | | | 236 | | | (49) | | | Other liabilities | (35) | | | — | | | (35) | | | Total liabilities acquired | (1,547) | | | 236 | | | (1,311) | | Total preliminary fair value of consideration transferred | $ | 19,576 | | | $ | (793) | | | $ | 18,783 | |
The following table summarizes the consideration transferred and the purchase price allocation of assets acquired and liabilities assumed: | | | | | | | | | | | | | | | | | | | (Amounts in thousands) | Initial Amount | | Valuation Adjustments | | Final Amount | | Accounts receivable | $ | 12,277 | | | $ | (160) | | | $ | 12,117 | | | Inventory | 15,651 | | | — | | | 15,651 | | | Other current assets | 219 | | | — | | | 219 | | | Property, plant and equipment | 8,533 | | | (1,228) | | | 7,305 | | | Goodwill | 104,007 | | | 224 | | | 104,231 | | | Intangible assets | 148,000 | | | — | | | 148,000 | | | Other assets | 9,041 | | | — | | | 9,041 | | | Total assets acquired | 297,728 | | | (1,164) | | | 296,564 | | | | | | | | | Accounts payable | (3,618) | | | — | | | (3,618) | | | Accrued expenses | (15,823) | | | — | | | (15,823) | | | Deferred tax liabilities | (36,250) | | | 147 | | | (36,103) | | | Other liabilities | (4,727) | | | — | | | (4,727) | | | Total liabilities acquired | (60,418) | | | 147 | | | (60,271) | | Total fair value of consideration transferred | $ | 237,310 | | | $ | (1,017) | | | $ | 236,293 | |
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| Summary of Identifiable Intangible Assets |
The preliminary fair values and useful lives of acquired intangible assets is presented in the table below. | | | | | | | | | | | | | (Amounts in thousands) | Preliminary fair value | | Preliminary Useful Lives | | Customer relationships | $ | 419,000 | | | 20 years | | Tradename | 37,000 | | 20 years | | Developed technology | 920 | | 12 years | | Total identifiable intangible assets | $ | 456,920 | | | |
The identifiable intangible assets recorded in connection with the acquisition of River Valley Pipe are based on preliminary valuations including customer relationships and tradename totaling $3.0 million. The intangible assets will be amortized on a straight-line basis over their estimated useful lives. | | | | | | | | | | | | | (Amounts in thousands) | Preliminary fair value | | Preliminary Useful Lives | | Customer relationships | $ | 2,600 | | | 10 years | | Tradename | 370 | | 5 years | | Total identifiable intangible assets | $ | 2,970 | | | |
| | | | | | | | | | | | | (Amounts in thousands) | Fair value | | Useful Lives | | Customer relationships | $ | 99,000 | | | 15 years | | Developed technology | 42,000 | | 12 years | | Tradename | 7,000 | | 20 years | | Total identifiable intangible assets | $ | 148,000 | | | |
The following table presents the amortization expense and weighted average amortization period for definite-lived intangible assets at March 31, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | Amortization expense (in thousands) | | Weighted Average Amortization Period (in years) | | | 2026 | | 2025 | | 2024 | | | Developed technology | $ | 19,710 | | | $ | 18,230 | | | $ | 16,480 | | | 7.0 | | Supplier and customer relationships | 35,187 | | | 30,207 | | | 30,460 | | | 15.9 | | Patents and non-compete agreements | 348 | | | 487 | | | 560 | | | 6.3 | | Trademarks and tradenames | 4,179 | | | 3,645 | | | 3,969 | | | 16.3 | | Total | $ | 59,424 | | | $ | 52,569 | | | $ | 51,469 | | | |
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