v3.26.1
Acquisitions (Tables) - Lea & Eddy Holdings, LLC
 3 Months Ended
Mar. 31, 2026
Business Combination [Line Items]  
Summary of Preliminary Allocation of the Purchase Price at the Date of Acquisition

The following table summarizes the preliminary allocation of the purchase price at the date of acquisition:

 

(in thousands)

 

 

 

Purchase price, net

 

$

191,684

 

Fair value of total consideration transferred

 

$

191,684

 

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

 

 

Accounts receivable

 

 

9,748

 

Accrued revenue

 

 

4,984

 

Other current assets

 

 

350

 

Biological assets – cattle

 

 

737

 

Ranch properties

 

 

16,630

 

Property, plant and equipment

 

 

23,527

 

Intangible assets

 

 

138,894

 

Accounts payable

 

 

(1,402

)

Taxes payable

 

 

(887

)

Accrued liabilities

 

 

(897

)

Net assets acquired

 

$

191,684

 
Schedule of Unaudited Summary Financial Information

The following unaudited summary financial information for the three months ended March 31, 2025 gives effect to the Accelerated Acquisition as if it had been completed on January 1, 2025. The unaudited pro forma financial information is provided for illustrative purposes only and does not purport to represent what the actual consolidated results of operations or the consolidated financial position of the Company would have been had the Accelerated Acquisition and related financing occurred on the date noted above, nor is it indicative of future results.

 

 

 

Three Months Ended March 31,

 

(in thousands)

 

2025

 

Total revenue

 

$

22,834

 

Net income

 

$

17,278