Acquisitions |
6 Months Ended | |||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||
| Acquisitions [Abstract] | ||||||||||||||||||||||||||||
| Acquisitions | 11. ACQUISITIONS
During the six months ended June 30, 2026, we completed two acquisitions for a combined preliminary purchase price of $243.7 million in cash, net of cash acquired. The acquisitions were funded with cash on hand and short-term borrowings. Pro forma results of the acquisitions were not material; therefore, they were not presented.
The following table sets forth the combined preliminary purchase price allocation and summarizes the estimated fair value of assets acquired and liabilities assumed for the acquisitions during the six months ended June 30, 2026. The purchase price allocation is preliminary pending finalization of the calculations of the fair values of the assets acquired and liabilities assumed, and the valuations of the acquired identifiable intangible assets.
The fully tax-deductible goodwill resulting from the acquisitions largely consists of our expected future product sales and synergies from combining the newly acquired subsidiaries’ products and services with our existing product and service offerings. There were no material acquisitions during the six months ended June 30, 2025. |
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