Quarterly report [Sections 13 or 15(d)]

Acquisitions (Tables)

v3.26.1
Acquisitions (Tables)
 3 Months Ended
Jun. 30, 2026
Business Combination [Line Items]  
Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information presents the consolidated results of operations of the Company as if the FlackTek acquisition had occurred at the beginning of the year ended March 31, 2025:

 

 

 

Three Months Ended

 

 

 

June 30,

 

 

 

2026

 

 

2025

 

Net sales

 

$

71,342

 

 

$

60,901

 

Net income

 

 

4,171

 

 

 

3,546

 

Income per share

 

 

 

 

 

 

Basic

 

$

0.36

 

 

$

0.32

 

Diluted

 

$

0.36

 

 

$

0.32

 
Schedule of Contingent Earn Out Liability

A rollforward of contingent earn-out liabilities is as follows:

 

Balance at March 31, 2026

 

$

6,482

 

Change in fair value

 

 

577

 

Payments

 

 

—

 

Balance at June 30, 2026

 

$

7,059

 
FlackTek [Member]  
Business Combination [Line Items]  
Schedule of Final Purchase Price Allocation, After Adjustments of the Assets Acquired and Liabilities Assumed The following table summarizes the preliminary purchase price allocation of the assets acquired and liabilities assumed:

 

 

January 23,

 

 

 

2026

 

Assets acquired:

 

 

 

  Cash and cash equivalents

 

$

66

 

  Trade accounts receivable, net of allowances

 

 

3,852

 

  Inventories

 

 

4,154

 

  Prepaid expenses and other current assets

 

 

84

 

  Property, plant & equipment, net

 

 

2,030

 

  Operating lease assets

 

 

1,448

 

  Goodwill

 

 

11,092

 

  Customer relationships

 

 

3,400

 

  Technology and technical know-how

 

 

13,300

 

  Tradename

 

 

6,700

 

  Other long term asset

 

 

31

 

Total assets acquired

 

 

46,157

 

Liabilities assumed:

 

 

 

  Accounts payable

 

 

2,252

 

  Accrued compensation

 

 

646

 

  Accrued expenses and other current liabilities

 

 

3,988

 

  Customer deposits

 

 

1,618

 

  Operating lease liabilities

 

 

1,448

 

Total liabilities assumed

 

 

9,952

 

Purchase price

 

$

36,205