| Schedule of Purchase Price Allocation |
|
|
|
|
|
|
|
|
|
| Preliminary Purchase Price Allocation - F.A.T.I. |
|
Amortization Period (years) |
Fair Value |
| Cash |
|
$ |
2,278 |
|
| Accounts receivable |
|
2,088 |
|
| Inventories |
|
3,702 |
|
| Other current assets |
|
1,113 |
|
| Property, plant and equipment |
|
7,580 |
|
| Intangibles: |
|
|
| Customer relationships |
10 |
1,776 |
|
| Trademarks |
5 |
502 |
|
| Developed technology |
15 |
1,909 |
|
| Goodwill |
|
2,455 |
|
| Total fair value of assets acquired |
|
$ |
23,403 |
|
| Current and non-current liabilities |
|
(9,596) |
|
| Total fair value of liabilities acquired |
|
$ |
(9,596) |
|
| Total purchase price |
|
$ |
13,807 |
|
|
|
|
|
|
|
|
|
|
| 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 |
|
49,684 |
|
| Total fair value of assets acquired |
|
$ |
125,162 |
|
| Current liabilities |
|
(16,656) |
|
| Operating lease liability |
|
(2,549) |
|
| Total fair value of liabilities acquired |
|
$ |
(19,205) |
|
| 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 December 31, 2024 |
|
Three Months Ended December 31, 2023 |
|
Nine Months Ended December 31, 2024 |
|
Nine Months Ended December 31, 2023 |
| Sales |
|
$ |
134,353 |
|
|
$ |
158,077 |
|
|
$ |
371,006 |
|
|
$ |
416,794 |
|
| Net income |
|
18,398 |
|
|
20,120 |
|
|
36,701 |
|
|
48,714 |
|
|