Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.23.3
Acquisition (Tables)
 6 Months Ended
Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Purchase Price Allocation
Purchase Price Allocation
Amortization Period (years) Fair Value
Accounts receivable $ 1,267 
Inventories 3,545 
Property, plant and equipment 391 
Other current assets 290 
Other non-current assets 954 
Intangibles:
Customer relationships 9.8 3,301 
Trademarks 9.8 3,397 
Contract-based 5.0 1,280 
Developed technology 15.8 5,189 
Goodwill 18,620 
Total fair value of assets acquired $ 38,234 
Accounts payable (1,098)
Accrued liabilities (637)
Other liabilities (1,200)
Total fair value of liabilities acquired $ (2,935)
Purchase price $ 35,299 
Schedule of Unaudited Pro Forma Information The pro forma results presented below are adjusted for the removal of acquisition and other related costs of $126 which were incurred in our first fiscal quarter ended June 30, 2022.
Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 Six Months Ended September 30, 2023 Six Months Ended September 30, 2022
Sales $ 123,659  $ 100,557  $ 230,548  $ 197,863 
Net income 14,730  10,984  25,668  17,257