Goodwill and Intangibles

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Goodwill

Changes in the carrying amount of goodwill by reporting unit for the six months ended June 30, 2026 were as follows:


	Sealing Systems		Fluid Handling Systems		Industrial Specialty Group		Total
Balance as of December 31, 2025	$	47,657	$	80,303	$	12,736	$	140,696


Foreign exchange translation	(193)		—		—		(193)
Balance as of June 30, 2026	$	47,464	$	80,303	$	12,736	$	140,503

The Company tests goodwill for impairment on an annual basis in the fourth quarter, or more frequently if an event occurs or circumstances indicate the carrying value of goodwill may be impaired. Goodwill impairment testing is performed at the reporting unit level. There were no indicators of potential impairment during the six months ended June 30, 2026.

Intangible Assets

Definite-lived intangible assets and accumulated amortization balances as of June 30, 2026 and December 31, 2025 were as follows:


	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	152,777	$	(143,356)	$	9,421
Other	39,761		(22,452)		17,309
Balance as of June 30, 2026	$	192,538	$	(165,808)	$	26,730

Customer relationships	$	152,572	$	(141,885)	$	10,687
Other	39,393		(21,102)		18,291
Balance as of December 31, 2025	$	191,965	$	(162,987)	$	28,978