v3.26.1
ACQUISITIONS OF BUSINESSES (Tables)
 6 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 Accordingly, the total preliminary purchase price allocation for the acquisition of assets of the China Manufacturer completed during the six months ended June 30, 2026, is as follows (in thousands):
Aggregate Purchase Price
Cash1
$21,408 
Contingent consideration— 
$21,408 
Aggregate Allocation
Inventory1,311 
Property and equipment9,916 
Trademark2
496 
Customer Relationships2
5,812 
Goodwill3
3,873 
$21,408 
1Total cash consideration is comprised of amounts paid on closing dates plus holdback amounts to be paid in the future.

2The weighted average useful life of acquired amortizable intangible assets is 9 years.

3The full value of this acquired goodwill is expected to be tax deductible.
Schedule of Pro Forma Information The following unaudited pro forma financial information presents our results, including expenses relating to the amortization of intangibles purchased, as if this acquisition had occurred on January 1, 2026 and 2025, respectively (in thousands):
Six Months Ended
June 30,
20262025
Revenue$275,234 $240,525 
Net income$29,363 $24,807