Acquisitions (Tables)

9 Months Ended

Sep. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of the Allocation of the Fair Value of the Assets Acquired and Liabilities Assumed at the Date of Acquisition

The following table summarizes the preliminary allocation of the fair value of the assets acquired and liabilities assumed at the date of acquisition. Of the $56.5 million of acquired identifiable intangible assets, $48.5 million was assigned to trademarks that are not subject to amortization, $3.8 million was assigned to patents which are amortized over 15 years, and the remaining $4.2 million was assigned to customer relationships which are amortized over two to three years. The excess of the acquisition purchase price over the fair value assigned to the assets acquired and liabilities assumed was recorded as goodwill. The allocation of the purchase price to goodwill decreased by $0.9 million in the second quarter of 2025 due to valuation adjustments related to identifiable intangible assets.


(dollars in millions)
Current assets	$	5.6
Property, plant and equipment	0.6
Intangible assets	56.5
Goodwill	63.8
Total assets acquired	126.5
Current liabilities	(1.9)
Net assets acquired	$	124.6