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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Preliminary Fair Values of the Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the Bacharach assets acquired and liabilities assumed at the date of the acquisition:
(In millions) | July 1, 2021
Current assets (including cash of $11.7 million) | $ | 32.1 |
Property, plant and equipment and other noncurrent assets | 4.3 |
Customer relationships | 123.0 |
Developed technology | 20.5 |
Trade name | 15.0 |
Goodwill | 193.5 |
Total assets acquired | 388.4 |
Total liabilities assumed | (47.3) |
Net assets acquired | $ | 341.1 |
The following table summarizes the fair values of the Bristol assets acquired and liabilities assumed at the date of the acquisition:
(In millions) | January 25, 2021
Current assets (including cash of $13.3 million) | $ | 37.1 |
Net investment in sales-type leases, noncurrent | 29.0 |
Property, plant and equipment and other noncurrent assets | 12.0 |
Customer relationships | 4.5 |
Trade name and other intangible assets | 1.4 |
Goodwill | 4.9 |
Total assets acquired | 88.9 |
Total liabilities assumed | (12.6) |
Net assets acquired | $ | 76.3 |
Pro Forma Financial Information |
|  | Year Ended December 31,
(In millions, except per share amounts) |  | 2021 |  | 2020
Net sales |  | $ | 1,437.9 |  |  | $ | 1,470.4 |
Net income |  | 10.2 |  |  | 114.6 |
Basic earnings per share |  | 0.26 |  |  | 2.94 |
Diluted earnings per share |  | 0.26 |  |  | 2.91 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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