Graham Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- The Company and Its Accounting Policies (Policies)
Notes Tables
Notes Details

Acquisition (Tables)

v3.24.1.1.u2

Acquisition (Tables)

12 Months Ended

Mar. 31, 2024

Business Combinations [Abstract]

Schedule of Contingent Earn Out Liability

A rollforward of the P3 contingent earn-out liability since the date of acquisition is as follows:


Balance at November 9, 2023	$	2,040
Change in fair value		80
Payments		—
Balance at March 31, 2024	$	2,120

Schedule of Final Purchase Price Allocation, After Adjustments of the Assets Acquired and Liabilities Assumed

The following table summarizes the final purchase price allocation of the assets acquired and liabilities assumed:


	Before Adjustment of Preliminary Allocation of Purchase Price					After Adjustment of Final Allocation of Purchase Price
	November 9,					March 31,
	2023		Adjustments			2024
Assets acquired:
Cash and cash equivalents	$	286	$	—		$	286
Trade accounts receivable, net of allowances		465					465
Unbilled revenue		302					302
Inventories		443		365			808
Prepaid expenses and other current assets		93					93
Property, plant & equipment, net		542					542
Operating lease assets		130					130
Goodwill		1,565		432			1,997
Customer relationships		4,400					4,400
Technology and technical know-how		2,500					2,500
Tradename		300					300
Deferred income tax asset		53		(53	)		—
Total assets acquired		11,079		744			11,823
Liabilities assumed:
Accrued compensation		62					62
Customer deposits		389					389
Operating lease liabilities		134					134
Total liabilities assumed		585		—			585
Purchase price	$	10,494	$	744		$	11,238

Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information presents the consolidated results of operations of the Company as if the P3 acquisition had occurred at the beginning of each of the fiscal periods presented:


	For the Year Ended
	March 31,
	2024		2023
Net sales	$	189,089	$	160,376
Net income (loss)		5,949		(21	)
Earnings per share
Basic	$	0.55	$	0.00
Diluted	$	0.54	$	0.00

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

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- References

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- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

+ References

No definition available.

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

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-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479907/805-20-50-1

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