Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisition, Pro Forma Information

The Company has omitted the prior year interim period from the table below due to the acquired company being a privately-held entity with limited interim financial information.

	Nine Months Ended September 30,
	2022
Net sales	$	385,824
Net loss attributable to L.B. Foster Company	(633)
Diluted loss per share
As reported	$	(0.16)
Pro forma	$	(0.06)

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of the VanHooseCo and Skratch acquisitions. Due to the timing of the acquisitions, the Company is in the process of measuring the fair value of assets acquired and liabilities assumed, including intangible assets, and values for the allocations shown in the tables below are preliminary.

Allocation of purchase price	VanHooseCo		Skratch
Current assets, net of cash acquired on the acquisition date	$	10,825	$	1,129
Property, plant, and equipment	30,001		174
Goodwill	9,674		5,549
Other intangibles	4,561		1,750
Liabilities assumed	(2,521)		(1,200)
Total	$	52,540	$	7,402

The following table summarizes the estimates of the fair values of the VanHooseCo and Skratch identifiable intangible assets acquired:

Identifiable intangible assets	VanHooseCo		Skratch
Non-compete agreements	$	—	27
Customer relationships	1,537		1,349
Trademarks and trade names	2,697		374
Favorable lease	327		—
Total	$	4,561	$	1,750