BUSINESS ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2023

BUSINESS ACQUISITIONS

Schedule of assets acquired and liabilities assumed measured at their fair values as of the acquisition date

	Preliminary Fair Value
(in thousands)	as of July 1, 2023
Accounts receivable	$	12,836
Inventories		1,373
Prepaid and other current assets		384
Accounts payable		(4,499)
Property, plant and equipment		37,374
Operating lease right-of-use assets		46
Current portion of operating lease liabilities		(31)
Long-term operating lease liabilities		(15)
Finance lease right-of-use assets		1,165
Current portion of finance lease liabilities		(247)
Long-term finance lease liabilities		(944)
Goodwill		18,674
Other intangibles		13,200
Total consideration		79,316
Less: Assumption of capital lease liabilities (1)		(518)
Total cash consideration	$	78,798
(1) Disclosed as part of Accrued expenses and other current liabilities on
the Consolidated Balance Sheet as of September 30, 2023.

Schedule of preliminary fair values assigned to identifiable intangible asset

			Weighted-Average
(in thousands)	Fair Value		Amortization Period (Years)
Customer Relationships	$	10,000		10
Trade Names and Trademarks		3,200		10
Total Amortizable Intangible Assets	$	13,200

Schedule of pro forma financial information

(in thousands)	Three months ended September 30, 2023
Revenues	$	22,173
Net income		1,761

	Three months ended September 30,
(in thousands)		2023		2022
Revenues	$	330,417	$	482,779
Net income		18,317		73,405

	Nine months ended September 30,
(in thousands)		2023		2022
Revenues	$	1,274,700	$	1,183,765
Net income		163,951		143,075