Subsequent Event |
6 Months Ended |
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Jul. 03, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Event | SUBSEQUENT EVENTS During July 2026, the Company repurchased 1.4 million of the Company’s shares through open market transactions for $40.0 million. On July 31, 2026, the Company completed the acquisition of EKOS for $43.0 million in cash, and contingent consideration that could reach up to $36.0 million if certain annual recurring revenue targets are achieved. EKOS, which is based in the United States, is a provider of cloud-connected fleet, fuel and electric vehicle management software. The acquisition allows the Company to seamlessly integrate EKOS’ software solutions into the Company’s existing hardware solutions for commercial fleet customers. Due to the timing of the acquisition, the preliminary purchase price allocation is not yet complete. EKOS will be presented in the Company’s Mobility Technologies segment beginning on the date of acquisition.
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