Acquisitions |
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| Asset Acquisition [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisitions | Acquisitions APS Acquisition - On September 24, 2024, the Company entered into a share purchase agreement to acquire all the shares of Advanced Power Solutions (APS) for a contractual purchase price of EUR26.8, to be adjusted for closing net debt and working capital (APS Acquisition). On May 2, 2025, the Company completed the acquisition and the initial cash consideration transferred was EUR13.3 (USD$15.2). During the fourth fiscal quarter of 2025, the working capital and net debt settlement was finalized and the Company paid an additional EUR1.3 (USD$1.5) for a total purchase price of $16.7. The acquisition provides the Company with additional production capacity in Europe as well as an expanded customer base. The Company sold batteries under an acquired brand license from the acquisition date through December 31, 2025, and then transitioned from the branded businesses to legacy brands. The expiration of the acquired brand license resulted in a decline of Net sales under the licensed brands of $17.2 in the three months ended June 30, 2026. For the nine months ended June 30, 2026, the acquisition contributed a net increase of $49.5 to Net sales. The APS Acquisition is being accounted for as a business combination using the acquisition method of accounting which requires assets acquired and liabilities assumed to be recognized at fair value as of the acquisition date. The following table outlines the purchase price allocation as of the date of acquisition:
The Company's purchase price allocation is final and the changes were related to finalizing legal contingencies and income tax considerations. The goodwill acquired in this acquisition is attributable to the value of the workforce acquired and was allocated to the Batteries and Lights segment and is not deductible for tax purposes. Pro Forma Financial Information- Pro forma results for the APS Acquisition were not considered material and, as such, are not included. Acquisition and Integration Costs - The Company recorded $0.3 and $2.4 of acquisition and integration costs in Selling, general and administrative expense (SG&A) during the quarter and nine months ended June 30, 2026 primarily related to legal fees and other costs associated with these acquisitions. The Company also recorded $1.3 and $4.8 of acquisition and integration costs in SG&A during the quarter and nine months ended June 30, 2025. Included in the three and nine months ended June 30, 2025 was expense of $0.3 and $1.1, respectively, for a purchase price earnout adjustment associated with the Centralsul Acquisition. The full earnout of $4.8 was paid in the quarter ended June 30, 2026.
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