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Discontinued and Disposed Operations (Tables) | 9 Months Ended
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Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Company Discontinued Operation And Assets and Liabilities Classified as Held for Sale | Summarized results of the Company's discontinued operations are as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
| 2024 |  | 2023 |  | 2024 |  | 2023 |
Revenue | $ | 231,777 |  |  | $ | 194,840 |  |  | $ | 671,479 |  |  | $ | 552,713 |  |
Cost of goods and services | 164,115 |  |  | 141,206 |  |  | 474,705 |  |  | 402,484 |  |
Gross profit | 67,662 |  |  | 53,634 |  |  | 196,774 |  |  | 150,229 |  |
Selling, general and administrative expenses | 24,318 |  |  | 17,407 |  |  | 67,599 |  |  | 52,776 |  |
Operating earnings | 43,344 |  |  | 36,227 |  |  | 129,175 |  |  | 97,453 |  |
Other (income) expense, net | (1) |  |  | — |  |  | 696 |  |  | (1) |  |
Earnings from discontinued operations before provision for income taxes | 43,345 |  |  | 36,227 |  |  | 128,479 |  |  | 97,454 |  |
Provision for income taxes | 9,141 |  |  | 8,457 |  |  | 28,921 |  |  | 22,573 |  |
Earnings from discontinued operations, net | $ | 34,204 |  |  | $ | 27,770 |  |  | $ | 99,558 |  |  | $ | 74,881 |  |
Assets and liabilities that were held for sale are summarized below:
| September 30, 2024 |  | December 31, 2023
Assets: |  |  |
Cash and cash equivalents | $ | 10,000 |  |  | $ | — |
Receivables, net | 138,531 |  |  | 110,933 |
Inventories, net | 79,986 |  |  | 81,363 |
Prepaid and other current assets | 2,156 |  |  | 2,190 |
Property, plant and equipment, net | 69,301 |  |  | 53,344 |
Goodwill | 244,123 |  |  | 244,123 |
Intangible assets, net | 35,536 |  |  | 38,709 |
Other assets and deferred charges | 3,528 |  |  | 5,778 |
Total assets held for sale | $ | 583,161 |  |  | $ | 536,440 |
Liabilities: |  |  |
Accounts payable | $ | 128,886 |  |  | $ | 104,077 |
Other current liabilities | 55,217 |  |  | 48,936 |
Other non-current liabilities | 34,385 |  |  | 35,058 |
Total liabilities held for sale | $ | 218,488 |  |  | $ | 188,071 |

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