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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2022
Business Combinations [Abstract]  
Schedule of Allocation of the Purchase Price Consideration of the Fair Value of Assets Acquired and Liabilities Assumed
The preliminary allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):
Cash$1,018 
Working capital23,759 
Property, plant, and equipment8,486 
Acquired intangible assets14,700 
Other assets1,813 
Other liabilities(1,295)
Goodwill3,604 
Fair value of purchase consideration$52,085 
The allocation of the TerraSmart purchase consideration to the estimated fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):
Cash$1,491 
Working capital5,569 
Property, plant, and equipment11,446 
Acquired intangible assets64,150 
Other assets1,854 
Other liabilities(1,640)
Goodwill140,997 
Fair value of purchase consideration$223,867 
The allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed in the acquisitions of Sunfig, Architectural Mailboxes, Delta Separations and Thermo is as follows as of the respective date of the acquisition (in thousands):
Cash$179 
Working capital(15,377)
Property, plant, and equipment1,740 
Acquired intangible assets38,066 
Other current assets1,528 
Other assets2,381 
Other liabilities(5,576)
Goodwill62,161 
Fair value of purchase consideration$85,102 
Schedule of Acquired Intangible Assets
The intangible assets acquired in this acquisition consisted of the following as of the date of acquisition (in thousands):
Fair ValueWeighted-Average Amortization Period
Trademarks$2,800 Indefinite
Customer relationships11,900 12 years
Total$14,700 
The intangible assets acquired in the TerraSmart acquisition consisted of the following as of the date of acquisition (in thousands):
Fair ValueWeighted-Average Amortization Period
Trademarks$20,830 Indefinite
Technology1,940 12 years
Customer relationships35,110 12 years
Backlog6,270 Less than 1 year
Total$64,150 
The intangible assets acquired in the acquisitions of Sunfig, Architectural Mailboxes, Delta Separations and Thermo consisted of the following as of the respective date of the acquisition (in thousands):
Fair ValueWeighted-Average Amortization Period
Trademarks$8,100 Indefinite
Trademarks1,177 3 years
Technology8,345 
5 - 15 years
Customer relationships18,480 
11 - 13 years
Non-compete agreements1,036 5 years
Backlog928 
Less than 1 year
Total$38,066 
Schedule of Business Combination Costs
The acquisition-related costs consisted of the following for the years ended December 31 (in thousands):
202220212020
Cost of sales$1,427 $— $634 
Selling, general and administrative costs545 949 3,230 
Total acquisition related costs$1,972 $949 $3,864