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Acquisitions and Divestitures (Tables)
12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisition, Pro Forma Information
Year Ended
December 31,
2022
Unaudited
Net sales$522,997 
Net (loss) income attributable to L.B. Foster Company(44,564)
Diluted (loss) earnings per share
As reported$(4.25)
Pro forma$(4.16)
Schedule of Business Acquisitions, by Acquisition
The following table summarizes estimated fair values of the assets acquired and liabilities assumed at the date of the VanHooseCo and Skratch acquisitions, including final purchase accounting adjustments as of December 31, 2023:
Allocation of purchase priceVanHooseCoSkratch
Current assets, net of cash acquired on the acquisition date$11,138 $1,129 
Property, plant, and equipment30,410 174 
Goodwill8,463 5,549 
Other intangibles5,442 1,750 
Liabilities assumed(3,307)(1,200)
Total$52,146 $7,402 
The following table summarizes estimates of the fair values of the VanHooseCo and Skratch identifiable intangible assets acquired:
VanHooseCoSkratch
Identifiable intangible assetsWeighted Average
Amortization
Period In Years
Net
Carrying
Amount
Weighted Average
Amortization
Period In Years
Net
Carrying
Amount
Non-compete agreements0$— 1$27 
Customer relationships53,578 31,349 
Trademarks and trade names101,537 10374 
Favorable lease6327 0— 
Total$5,442 $1,750