v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 35,188 $ 115,724
Trade receivables, net of allowance of $2,818 and $2,558, respectively 215,387 120,327
Costs in excess of billings, net 25,326 26,799
Inventories, net 277,193 116,770
Prepaid expenses and other current assets 63,714 56,904
Assets of discontinued operations 11,342 192,362
Total current assets 628,150 628,886
Property, plant, and equipment, net 188,708 130,456
Operating lease assets 160,839 55,355
Goodwill 939,550 415,032
Customer relationships, net 608,540 109,092
Other intangibles, net 138,843 34,464
Other assets 19,760 20,318
Total assets 2,684,390 1,393,603
Current liabilities:    
Accounts payable 207,062 108,216
Accrued expenses 128,006 155,807
Billings in excess of costs 9,629 8,879
Liabilities of discontinued operations 14,893 93,120
Total current liabilities 359,590 366,022
Long-term debt 1,238,384 0
Deferred income taxes 10,732 5,116
Non-current operating lease liabilities 147,100 46,199
Other non-current liabilities 25,028 25,868
Stockholders’ equity:    
Preferred stock, $0.01 par value; authorized 10,000 shares; none outstanding 0 0
Common stock, $0.01 par value; authorized 100,000 shares; 34,729 and 34,482 shares issued and outstanding, respectively 347 345
Additional paid-in capital 360,253 353,018
Retained earnings 783,895 831,463
Accumulated other comprehensive loss (6,277) (3,683)
Treasury stock, at cost; 5,025 and 4,935 shares, respectively (234,662) (230,745)
Total stockholders’ equity 903,556 950,398
Total liabilities and shareholders' equity $ 2,684,390 $ 1,393,603