Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated, preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands):

Receivables	$	5,093
Inventory	7,590
Other current assets	2,733
Property, plant and equipment	13,135
Intangible assets	44,328
Goodwill	32,243
Deferred income taxes	433
Operating lease right-of-use assets	131
Other long-lived assets	4,559
Total assets acquired	$	110,245
Accounts payable	$	1,907
Accrued liabilities	4,283
Deferred income taxes	6,551
Total liabilities assumed	$	12,741
Net assets	$	97,504

Schedule of Acquired Intangible Assets

The intangible assets related to the acquisition consisted of the following:

	Fair Value		Amortization Period
	(In thousands)		(In years)
Intangible assets subject to amortization:
Customer relationships	$	41,161	20.0
Trademarks	2,184		7.0
Sales backlog	983		0.2
Total intangible assets subject to amortization	$	44,328
Intangible assets not subject to amortization:
Goodwill	$	32,243	n/a
Total intangible assets not subject to amortization	$	32,243
Total intangible assets	$	76,571
Weighted average amortization period			18.9