Acquisition (Tables)

6 Months Ended

Jun. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary purchase price allocation of the consideration transferred or estimated to be transferred and the acquisition-date fair value of identifiable assets acquired and liabilities assumed related to the SE&M acquisition:


	(In thousands)
Cash	$	161,705
Purchase price adjustments	409
Contingent consideration	4,083
Total	$	166,197

Identifiable assets acquired and liabilities assumed:
Cash, cash equivalents and restricted cash	$	14,063
Receivables, net	21,891
Contract assets	7,525
Inventories, net	83
Other current assets	29
Property, plant, and equipment, net	2,035
Operating lease right-of-use assets	2,830
Other intangible assets, net	73,500
Accounts payable	(5,321)
Contract liabilities	(14,811)
Accrued compensation	(534)
Accrued payroll-related liabilities	(192)
Taxes payable	(222)
Other accrued liabilities	(875)
Operating lease liabilities	(2,833)
Total identifiable net assets	97,168
Goodwill	69,029
Fair value of net assets acquired	$	166,197

Schedule of Finite-Lived Intangible Assets Acquired

The following finite-lived intangible assets were acquired as a result of the SE&M acquisition:


	Estimated Fair Value		Weighted Average Amortization Period
	(In thousands)		(In years)
Customer relationships	$	39,200	20.0
Backlog	19,300		1.8
Finite-lived intangible assets acquired	$	58,500	14.0

Schedule of Indefinite-Lived Intangible Assets Acquired

The following indefinite-lived intangible assets were acquired as a result of the SE&M acquisition:


	Estimated Fair Value
	(In thousands)
Trade names and trademarks	$	15,000
Indefinite-lived intangible assets acquired	$	15,000