Acquisitions (Tables)

6 Months Ended

Jun. 30, 2026

Preliminary Allocation Off the Purchase Price

Final determination of the fair values may result in further adjustments to the values presented in the following table:


	Preliminary Purchase Price Allocation
Cash paid, net of cash acquired	$	178,533

Recognized amounts of identifiable net assets acquired:
Accounts receivable	$	13,997
Inventories	2,525

Property, plant and equipment	44,955
Right-of-use lease assets	8,287
Other intangible assets	81,600
Other long-term assets	107
Fair value of assets acquired	151,471
Accounts payable	5,516
Accrued liabilities	1,658
Operating lease liabilities—current	2,000
Deferred income taxes	28,911
Operating lease liabilities—noncurrent	6,377

Fair value of identifiable net assets acquired	107,009
Goodwill	71,524
Total purchase price allocated	$	178,533

The following table sets forth the calculation and final allocation of the purchase price to the identifiable assets acquired with respect to the Cornerstone Acquisition:


	Purchase Price Allocation
Cash paid	$	41,480

Recognized amounts of identifiable assets acquired:
Accounts receivable	$	9,991
Inventories	3,259
Property, plant and equipment	25,000
Other intangible assets	2,380
Other long-term assets	695
Fair value of identifiable assets acquired	41,325
Goodwill	155
Total purchase price allocated	$	41,480

Intangible Asset Acquired Finite-Lived

The valuation of intangibles assets acquired and the related weighted-average amortization period are as follows:


	Amount		Weighted-Average Expected Useful Life (in years)
Intangible assets subject to amortization:
Developed technology	$	20,900	15
Customer relationships	53,600		12.5
Total intangible assets subject to amortization	$	74,500

Indefinite-lived intangible assets:
Trade names	$	7,100

The valuation of intangibles assets acquired and the related weighted-average amortization period are as follows:


	Amount		Weighted-Average Expected Useful Life (in years)
Intangible assets subject to amortization:
Customer relationships	$	2,380	15

Intangible Asset Acquired Indefinite-Lived

The valuation of intangibles assets acquired and the related weighted-average amortization period are as follows:


	Amount		Weighted-Average Expected Useful Life (in years)
Intangible assets subject to amortization:
Developed technology	$	20,900	15
Customer relationships	53,600		12.5
Total intangible assets subject to amortization	$	74,500

Indefinite-lived intangible assets:
Trade names	$	7,100

Unaudited Pro Forma Financial Information

The unaudited pro forma financial information is presented in the table below for the three and six months ended June 30, 2026 and 2025, respectively, as if the Calabrian Acquisition had occurred on January 1, 2025:


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Sales	$	278,762	$	201,325	$	519,317	$	367,369



Net income (loss)	$	15,365	$	5,644	$	23,144	$	(5,853)