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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following presents the preliminary allocation of purchase price to the assets acquired and liabilities assumed, for the MEC 2024 acquisition, based on the estimated fair values at acquisition date:
| Total |  |  |
Current assets, net of cash acquired | $ | 58,637 |  |  |  |
Property, plant and equipment | 10,300 |  |  |  |
Goodwill | 183,878 |  |  |  |
Intangible assets | 194,100 |  |  |  |
Other assets and deferred charges | 5,602 |  |  |  |
Current liabilities | (17,896) |  |  |  |
Non-current liabilities | (42,479) |  |  |  |
Net assets acquired | $ | 392,142 |  |  |  |
The following presents, for the six acquisitions other than MEC, the preliminary allocation of purchase price to the assets acquired and liabilities assumed, based on their estimated fair values at acquisition date:
| Total |  |  |
Current assets, net of cash acquired | $ | 25,873 |  |  |  |
Property, plant and equipment | 5,038 |  |  |  |
Goodwill | 133,661 |  |  |  |
Intangible assets | 126,358 |  |  |  |
Other assets and deferred charges | 9,520 |  |  |  |
Current liabilities | (14,934) |  |  |  |
Non-current liabilities | (41,268) |  |  |  |
Net assets acquired | $ | 244,248 |  |  |  |
Schedule of Goodwill and Major Intangible Assets Acquired | The amounts assigned to goodwill and major intangible asset classifications for all 2024 acquisitions were as follows:
| Amount allocated |  | Useful life (in years)
Goodwill - non-deductible | $ | 317,539 |  |  | na
Customer intangibles | 273,625 |  |  | 9 - 15
Unpatented technologies | 29,021 |  |  | 5 - 8
Trademarks | 17,812 |  |  | 15
| $ | 637,997 |  |  |  |  |

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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