v3.26.1
Subsequent Events
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
Acquisition of Western Technology
On July 1, 2026, the Company completed the acquisition of certain assets and operations of Western Technology, Inc. (“Western Technology”) for an initial purchase price of $9.2 million. The initial purchase price, which is subject to certain post-closing adjustments, was funded through existing cash on hand.
Western Technology is a manufacturer of proprietary, portable, explosion-protected lighting solutions for mission-critical applications, serving end-customers across industrial processing, petrochemical, and aerospace and defense industries.
The preliminary purchase price allocation has not been completed at this time due to the proximity of the date of acquisition to the date of issuance of the condensed consolidated financial statements. The post-acquisition operating results of Western Technology are expected to be included within the Safety and Security Systems Group.