v3.26.1
Acquisitions and Sale of Business (Notes)
 6 Months Ended
Jun. 30, 2026
Business Combination [Abstract]  
Business Combination [Text Block] Acquisitions and Sale of Business
Acquisitions
On February 17, 2025, the Company acquired the aerospace business ("GMT Aerospace") of GMT Gummi-Metall-Technik GmbH for a purchase price of $37.7 million. The fair value of assets acquired and liabilities assumed included $15.5 million of goodwill, $4.6 million of intangible assets, $0.2 million of property and equipment, and $17.4 million of net working capital. GMT Aerospace was part of the Aerospace segment, which has been presented as discontinued operations for all periods presented.
Sale of Business
On January 31, 2025, the Company completed the sale of its Arrow Engine business within the Specialty Products segment for net cash proceeds of $21.0 million. As a result, the Company recorded a pre-tax gain of $5.3 million for the six months ended June 30, 2025, and $0.1 million for the three months ended September 30, 2025.