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Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Business Combinations
For the year ended December 31, 2025 (in millions):
2025 AcquisitionsDateAcquisition TypeCash PaidSeller ObligationsTotal Purchase PriceRevenueNet Income (Loss)
Carolina Precision Fibers9/8/2025Asset$21.0 $2.0 $23.0 $7.4 $0.6 
OtherVariousAsset30.5 1.9 32.4 10.7 (0.3)
Total$51.5 $3.9 $55.4 $18.1 $0.3 
For the year ended December 31, 2024 (in millions):
2024 AcquisitionsDateAcquisition TypeCash PaidSeller ObligationsTotal Purchase PriceRevenueNet Income
Euroview7/29/2024Asset$19.2 $1.6 $20.8 $7.3 $0.6 
Insulation Supplies10/7/2024Asset17.4 0.1 17.5 5.7 0.7 
Tatum11/12/2024Share20.4 0.6 21.0 1.7 — 
OtherVariousAsset31.6 2.8 34.4 21.3 0.7 
Total$88.6 $5.1 $93.7 $36.0 $2.0 
For the year ended December 31, 2023 (in millions):
2023 AcquisitionsDateAcquisition TypeCash PaidSeller ObligationsTotal Purchase PriceRevenueNet Income
Anchor3/12/2023Share$35.9 $2.7 $38.6 $30.4 $1.6 
OtherVariousAsset23.7 1.6 25.3 9.0 0.2 
Total$59.6 $4.3 $63.9 $39.4 $1.8 
Schedule of Estimated Fair Value of Assets Acquired and Liabilities Assumed
The estimated fair values of the assets acquired and liabilities assumed for the acquisitions, as well as total purchase prices and cash paid, approximated the following (in millions):
2025
Carolina Precision FibersOtherTotal
Estimated fair values:
Accounts receivable$1.8 $1.5 $3.3 
Inventories1.0 1.4 2.4 
Other current assets— 0.1 0.1 
Property and equipment3.8 3.8 7.6 
Operating lease right-of-use asset0.6 0.4 1.0 
Intangibles10.1 17.9 28.0 
Goodwill7.0 9.4 16.4 
Other non-current assets0.4 0.1 0.5 
Accounts payable and other current liabilities(1.3)(1.3)(2.6)
Other long-term liabilities(0.4)(0.9)(1.3)
Fair value of assets acquired and purchase price23.0 32.4 55.4 
Less seller obligations2.0 1.9 3.9 
Cash paid$21.0 $30.5 $51.5 
2024
EuroviewInsulation SuppliesTatumOtherTotal
Estimated fair values:
Accounts receivable$— $2.3 $1.6 $2.0 $5.9 
Inventories1.7 1.4 0.8 1.6 5.5 
Other current assets— — — — — 
Property and equipment0.7 0.2 0.8 3.0 4.7 
Operating lease right-of-use asset 0.7 1.2 — 0.2 2.1 
Intangibles9.8 8.7 11.5 19.0 49.0 
Goodwill9.0 6.5 7.0 10.5 33.0 
Other non-current assets— 0.1 — 0.2 0.3 
Accounts payable and other current liabilities(0.7)(1.8)(0.7)(2.0)(5.2)
Other long-term liabilities(0.4)(1.1)— (0.1)(1.6)
Fair value of assets acquired and purchase price20.8 17.5 21.0 34.4 93.7 
Less seller obligations1.6 0.1 0.6 2.8 5.1 
Cash paid$19.2 $17.4 $20.4 $31.6 $88.6 
2023
Anchor OtherTotal
Estimated fair values:
Accounts receivable$5.0 $2.1 $7.1 
Inventories1.6 1.4 3.0 
Other current assets1.9 — 1.9 
Property and equipment2.3 1.9 4.2 
Operating lease right of-use-asset— 0.2 0.2 
Intangibles16.4 13.3 29.7 
Goodwill13.3 7.5 20.8 
Other non-current assets0.2 0.1 0.3 
Accounts payable and other current liabilities(2.1)(1.1)(3.2)
Other long-term liabilities— (0.1)(0.1)
Fair value of assets acquired and purchase price38.6 25.3 63.9 
Less seller obligations2.7 1.6 4.3 
Cash paid$35.9 $23.7 $59.6 
Schedule of Estimates of Acquired Intangible Assets
Estimates of acquired intangible assets related to the acquisitions are as follows (in millions):
202520242023
Acquired intangibles assets:Estimated Fair ValueWeighted Average Estimated Useful Life (yrs)Estimated Fair ValueWeighted Average Estimated Useful Life (yrs)Estimated Fair ValueWeighted Average Estimated Useful Life (yrs)
Customer relationships$19.7 12$33.1 12$19.4 12
Trademarks, tradenames and other6.7 1513.4 158.4 15
Non-competition agreements1.2 52.5 51.1 5
Backlog0.4 1— 00.8 1
Schedule of Pro Forma Results of Operations The unaudited pro forma information is not necessarily indicative of the results that we would have achieved had the transactions
actually taken place on January 1, 2024, 2023 and 2022 and the unaudited pro forma information does not purport to be indicative of future financial operating results (in millions, except per share data):
December 31,
202520242023
Net revenue$3,006.0 $3,061.5 $2,912.8 
Net income268.3 265.9 253.0 
Basic net income per share9.86 9.49 8.98 
Diluted net income per share9.82 9.43 8.94