Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.24.3
Acquisition (Tables)
 6 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Purchase Price Allocation
Preliminary Purchase Price Allocation - Vapor Power
Amortization Period (years) Fair Value
Cash $ 7,051 
Accounts receivable 8,683 
Inventories 8,254 
Other current assets 1,693 
Property, plant and equipment 2,576 
Operating lease right-of-use assets 2,700 
Intangibles:
Customer relationships(1)
2 - 15
 22,953 
Trademarks 10 7,879 
Developed technology 15 13,689 
Goodwill 49,429 
Total fair value of assets acquired $ 124,907 
Current liabilities (16,401)
Operating lease liability (2,549)
Total fair value of liabilities acquired $ (18,950)
Total purchase price $ 105,957 
(1) Included in the customer relationships intangible assets is $4,407 related to customer backlog with an estimated useful life of 2 years.
Schedule of Unaudited Pro Forma Information
Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Six Months Ended September 30, 2024 Six Months Ended September 30, 2023
Sales $ 114,649  $ 136,557  $ 229,774  $ 252,417 
Net income 9,624  16,726  18,187  28,073