v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 75,360 $ 69,358
Receivables (net of allowance of $7.8 million and $7.2 million, respectively) 274,628 190,732
Contract assets 59,488 41,468
Inventories 867,124 553,834
Prepaid expenses and other current assets 48,872 37,937
Total current assets 1,325,472 893,329
Noncurrent assets:    
Property and equipment (net of accumulated depreciation of $43.1 million and $34.2 million, respectively) 166,548 91,098
Intangible assets (net of accumulated amortization of $130.2 million and $100.2 million, respectively) 952,090 295,962
Goodwill 1,810,424 641,242
Operating lease right-of-use assets 92,321 50,151
Note receivable 28,423 27,041
Other assets 22,128 29,755
Total assets 4,397,406 2,028,578
Current liabilities:    
Current portion of long-term debt 32,004 7,500
Accounts payable 187,068 154,506
Accrued expenses and other current liabilities 96,077 73,161
Dividends payable 2,806 2,339
Earn-out obligation 33,850 0
Total current liabilities 351,805 237,506
Noncurrent liabilities:    
Long-term debt, net of current portion 914,953 285,304
Deferred compensation 5,114 5,918
Long-term operating lease obligations 78,643 43,693
Deferred tax liabilities 104,583 12,394
Other long-term liabilities 8,872 4,955
Total liabilities 1,463,970 589,770
Commitments and contingencies (Note 8)
Stockholders' equity:    
Common stock, par value $0.05 per share, authorized 44,000,000 shares; issued and outstanding 28,062,020 and 23,398,046, respectively 1,403 1,170
Additional paid-in capital 2,484,138 1,041,483
Retained earnings 447,608 395,643
Accumulated other comprehensive income 287 512
Total stockholders' equity 2,933,436 1,438,808
Total liabilities and stockholders' equity $ 4,397,406 $ 2,028,578