ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2023

ACQUISITIONS

Schedule of unaudited pro forma financial information

The following unaudited pro forma financial information presents the combined results of operations if the FPH, ThinGap, and Airex acquisitions had occurred as of January 1, 2021.

	Year ended December 31,
	2022		2021
Revenues	$	513,803	$	470,589
Income before income taxes		28,032		22,883

FPH Group

ACQUISITIONS

Schedule of purchase price allocation and estimated fair value of the assets acquired

Cash and cash equivalents	$	1,755
Trade receivables		3,100
Inventories		3,496
Other assets, net		174
Property, plant, and equipment		624
Operating lease assets		4,165
Intangible assets		22,611
Goodwill		15,840
Other current liabilities		(1,577)
Deferred revenue		(776)

Operating lease liabilities		(4,165)
Net deferred income tax liabilities		(3,931)
Net purchase price	$	41,316