XML 25 R18.htm IDEA: XBRL DOCUMENT
v3.25.3

Goodwill and Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | NOTE 9. GOODWILL AND INTANGIBLE ASSETS The following table presents amounts related to our goodwill and intangible assets as of September 30, 2025 and December 31, 2024:
|  |  |  | September 30, 2025 |  |  | December 31, 2024 |
|  | Estimated Useful Life |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | 5-20 years |  | $ | 192.9 |  |  | $ | 169.1 |  |  | $ | 194.7 |  |  | $ | 163.9 |
Developed technology |  | 10-20 years |  |  | 110.0 |  |  |  | 87.4 |  |  |  | 114.8 |  |  |  | 85.9 |
Trademarks and brand names |  | 3-20 years |  |  | 23.6 |  |  |  | 5.4 |  |  |  | 23.6 |  |  |  | 4.3 |
Software |  | 5-7 years |  |  | 19.7 |  |  |  | 10.3 |  |  |  | 19.7 |  |  |  | 7.8 |
Non-compete agreements |  | 3-5 years |  |  | 12.6 |  |  |  | 7.6 |  |  |  | 15.9 |  |  |  | 5.6 |
Other |  | Various |  |  | 7.1 |  |  |  | 2.1 |  |  |  | 9.0 |  |  |  | 0.5 |
Total |  |  |  | $ | 365.9 |  |  | $ | 281.9 |  |  | $ | 377.7 |  |  | $ | 268.0 |
Non-amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and brand names |  | Indefinite |  |  | 345.6 |  |  |  |  |  |  | 345.3 |  |  |  |
Total intangible assets |  |  |  | $ | 711.5 |  |  |  |  |  | $ | 723.0 |  |  |  |
Goodwill |  | Indefinite |  | $ | 214.4 |  |  |  |  |  | $ | 203.2 |  |  |  |
The increase in goodwill as of September 30, 2025 compared to December 31, 2024 was due to changes in the purchase price allocation for Zahner, and the acquisition of Geometrik, net of foreign exchange movements. The following table presents the amortization expense related to our intangible assets for the three and nine months ended September 30, 2025 and 2024:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Amortization expense |  | $ | 6.1 |  |  | $ | 5.2 |  |  | $ | 19.3 |  |  | $ | 14.6 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration