v3.26.1
Acquisitions (Table)
 6 Months Ended
Jun. 30, 2026
Harper Engineering Company  
Business Combination [Line Items]  
Summary of Preliminary Purchase Price Allocation of Estimated Fair Values of Assets Acquired and the Liabilities The following table

summarizes the preliminary purchase price allocation of the estimated fair values of the assets acquired and the liabilities assumed at the transaction date (in thousands):

 

Assets acquired:

 

 

 

Current assets

 

$

13,933

 

Property, plant and equipment

 

 

2,920

 

Other assets

 

 

1,021

 

Intangible assets

 

 

153,500

 

Goodwill

 

 

97,784

 

Total assets acquired

 

 

269,158

 

Liabilities assumed:

 

 

 

Current liabilities

 

 

3,689

 

Operating lease liabilities

 

 

378

 

Contingent consideration liability

 

 

15,250

 

Total liabilities assumed

 

 

19,317

 

Net assets acquired

 

$

249,841

 
LMB Fans & Motors  
Business Combination [Line Items]  
Summary of Preliminary Purchase Price Allocation of Estimated Fair Values of Assets Acquired and the Liabilities The following table summarizes the preliminary purchase price allocation of the estimated fair values of the assets acquired and the liabilities assumed at the transaction date (in thousands):

 

Assets acquired:

 

 

 

Current assets

 

$

18,831

 

Property, plant and equipment

 

 

4,137

 

Intangible assets

 

 

211,542

 

Goodwill

 

 

284,808

 

Total assets acquired

 

 

519,318

 

Liabilities assumed:

 

 

 

Current liabilities

 

 

8,894

 

Long-term liabilities

 

 

1,351

 

Deferred income taxes

 

 

34,310

 

Total liabilities assumed

 

 

44,555

 

Net assets acquired

 

$

474,763

 

The initial accounting has been adjusted, including the measurement of the acquired tangible and intangible assets and liabilities, as well as the associated income tax considerations. The adjustments include a decrease to goodwill of $19.7 million, an increase to intangible assets of $18.7 million, an increase to deferred income taxes of $6.7 million, an increase to property, plant and equipment of $3.3 million, a decrease of $3.3 million in current liabilities, and an increase of $1.2 million in current assets. Any further adjustments during the one-year measurement period from the acquisition date are not expected to be material to the consolidated financial statements.