Note 2 - Acquisitions and Dispositions |
3 Months Ended |
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Mar. 31, 2026 | |
| Notes to Financial Statements | |
| Business Combination [Text Block] |
2. Acquisitions and Dispositions
Fiscal 2026 Acquisition
On January 5, 2026, the Company acquired Allmand, a leading manufacturer of mobile power equipment for Commercial & Industrial markets, headquartered in Holdrege, Nebraska for $122,828. The Company recorded its preliminary purchase price allocation based upon the Company’s estimates of the fair value of the acquired assets and assumed liabilities at that time. As a result, the Company recorded $44,300 of certain intangible assets and $34,439 of goodwill in the Commercial & Industrial segment, as of the acquisition date. Goodwill ascribed to this acquisition is deductible for tax purposes. The accompanying condensed consolidated financial statements include the results of Allmand from the date of acquisition through March 31, 2026. Pro-forma and other financial information are not presented as the effects of the acquisition are not material to the Company's results of operations or financial position prior to the acquisition date.
Fiscal 2026 and 2025 Dispositions
On January 2, 2026, the Company completed two immaterial business dispositions within the Commercial & Industrial segment, resulting in a combined loss of $4,782.
On May 31, 2025, the Company completed an immaterial business disposition within the Residential segment (prior to the segment reorganization, the Domestic segment), resulting in a loss of $3,905. Refer to Note 7, "Segment Reporting," for further information regarding the segment reorganization.
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