v3.26.1
Acquisitions (Tables)
 3 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed The following table summarizes our preliminary allocation of the fair value of assets acquired as of June 12, 2026. Based on our analysis of the acquired assets, contractual agreements and transition services associated with the transaction, no liabilities were identified for recognition as part of this acquisition. This allocation is provisional and reflects the information available to management as of the reporting date. The final allocation may differ materially from the amounts presented below as management continues to evaluate the fair values of acquired inventories and identifiable intangible assets, as well as certain contractual and other acquisition-related matters.
(In thousands)June 12, 2026
Inventories$31,126 
Goodwill65,504 
Intangible assets948,370 
Total assets acquired$1,045,000 
The following table summarizes our preliminary allocation of the fair value of assets acquired and liabilities assumed as of December 18, 2025.  During the three months ended March 31, 2026 and June 30, 2026, we recorded measurement period adjustments to the provisional fair values of certain assets acquired and liabilities assumed in connection with the Pillar5 acquisition. These adjustments were based on new information obtained about facts and circumstances that existed as of the acquisition date. The net impact of these changes was recorded as an adjustment to goodwill. This allocation continues to be provisional and reflects the information available to management as of the reporting date. The final allocation may differ materially from the amounts presented below as we complete our valuation procedures, primarily related to finalizing our assessment of identifiable assets.
(In thousands)December 18, 2025
Cash$688 
Accounts receivable2,256 
Inventories8,434 
Prepaid expenses and other current assets550 
Property, plant and equipment39,716 
Operating lease right-of-use assets4,448 
Goodwill58,118 
Other long-term assets6,930 
Total assets acquired121,140 
Accounts payable4,047 
Operating lease liabilities, current portion534 
Other accrued liabilities
3,254 
Long-term operating lease liabilities, net of current portion3,410 
Total liabilities assumed11,245 
Total purchase price$109,895 
Schedule of Business Combination, Pro Forma Information
The financial information for the periods presented includes pro forma adjustments for incremental amortization associated with acquired intangible assets, incremental interest expense associated with acquisition financing, acquisition-related transaction costs and the impact of inventory fair value adjustments. Material nonrecurring adjustments included in the pro forma information consisted of approximately $14.2 million of inventory fair value step-up recognized in cost of sales and $10.6 million of acquisition-related transaction costs, each as if incurred on April 1, 2025.
(In thousands)Three Months Ended June 30,
20262025
Revenues$297,485 $289,775 
Net income36,351 27,838