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INCOME TAXES INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | Income before income taxes consisted of the following:
(In millions) |  | 2025 |  | 2024 |  | 2023
Domestic |  | $ | 108.9 |  |  | $ | 169.5 |  |  | $ | 163.9 |
Foreign |  | 85.8 |  |  | 62.3 |  |  | 78.3 |
|  | $ | 194.7 |  |  | $ | 231.8 |  |  | $ | 242.2 |
Schedule of Components of Income Tax Expense (Benefit) | The income tax provision/(benefit) consisted of the following:
(In millions) |  | 2025 |  | 2024 |  | 2023
Current: |  |  |  |  |  |
Federal |  | $ | 22.0 |  |  | $ | 42.5 |  |  | $ | 27.0 |
Foreign |  | 25.5 |  |  | 17.3 |  |  | 14.9 |
State |  | 6.1 |  |  | 10.0 |  |  | 7.2 |
Total current |  | 53.6 |  |  | 69.8 |  |  | 49.1 |
Deferred: |  |  |  |  |  |
Federal |  | (2.5) |  |  | (16.0) |  |  | (1.1) |
Foreign |  | (3.8) |  |  | (0.8) |  |  | (0.3) |
State |  | (1.3) |  |  | (2.8) |  |  | (0.2) |
Total deferred |  | $ | (7.6) |  |  | $ | (19.6) |  |  | $ | (1.6) |
|  | $ | 46.0 |  |  | $ | 50.2 |  |  | $ | 47.5 |
Schedule of Effective Income Tax Rate Reconciliation | The table below provides the updated requirements of ASU 2023-09 for 2025. A reconciliation of the tax provision for continuing operations at the U.S. statutory rate to the effective income tax expense rate as reported is as follows:
(In millions) |  | 2025(a)
|  | Amount |  | Percent
U.S. Federal Statutory Tax Rate |  | $ | 40.9 |  |  | 21.0 | %
U.S. State and Local Income Taxes, Net of Federal Income Tax Effect (a) |  | 3.4 |  |  | 1.7 |
Foreign Tax Effects |  |  |  |
Netherlands |  |  |  |
Exemption of Foreign Business Profits |  | (7.2) |  |  | (3.7) |
Pillar Two Global Minimum Tax |  | 2.9 |  |  | 1.5 |
Other |  | 1.3 |  |  | 0.6 |
Other foreign jurisdictions |  | 7.3 |  |  | 3.7 |
Effect of Cross-Border under U.S. Tax Laws |  |  |  |
Foreign-derived intangible income |  | (4.0) |  |  | (2.1) |
Other |  | (0.3) |  |  | (0.1) |
U.S. Nontaxable or Nondeductible Items |  |  |  |
Nondeductible officer's compensation |  | 2.5 |  |  | 1.3 |
Other |  | 0.1 |  |  | 0.1 |
Other U.S. Adjustments |  | (0.9) |  |  | (0.4) |
Effective Tax Rate |  | $ | 46.0 |  |  | 23.6 | %
(a) The following jurisdictions made up the majority (greater than 50 percent) of the tax effect in this category: 2025 - California, Texas, Florida, Michigan, Pennsylvania, Illinois, and New York; As previously disclosed for the years ended December 31, 2024 and 2023, prior to the adoption of ASU 2023-09, the reconciliation of the tax provision for continuing operations at the U.S. statutory rate to the effective income tax expense rate as reported is as follows.
|  | 2024 |  | 2023
U.S. Federal statutory rate |  | 21.0 | % |  | 21.0 | %
State income taxes, net of federal benefit |  | 2.3 |  |  | 2.3 |
Foreign operations |  | 1.0 |  |  | (0.7) |
R&D tax credits |  | (0.6) |  |  | (0.4) |
Uncertain tax position adjustments |  | 0.2 |  |  | (0.1) |
Valuation allowance on state and foreign deferred tax |  | 0.2 |  |  | (0.2) |
Share-based compensation |  | (0.8) |  |  | (1.0) |
Other items |  | 0.9 |  |  | (0.1) |
Foreign Derived Intangible Income |  | (3.5) |  |  | (2.4) |
Nondeductible officer's compensation |  | 1.0 |  |  | 1.2 |
Effective tax rate |  | 21.7 | % |  | 19.6 | %
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities were as follows:
(In millions) |  | 2025 |  | 2024
Deferred tax assets: |  |  |  |
Accrued expenses and reserves |  | $ | 16.7 |  |  | $ | 15.5 |
Compensation and employee benefits |  | 11.9 |  |  | 16.0 |
Intercompany prepayments (FDII related) |  | 14.9 |  |  | 16.9 |
Net operating losses, tax credit carryforwards, and other |  | 10.3 |  |  | 11.8 |
Lease liability |  | 16.8 |  |  | 15.7 |
Research and development expenditures, net |  | 4.5 |  |  | 7.4 |
Valuation allowance on state and foreign deferred tax |  | (4.4) |  |  | (4.4) |
Total deferred tax assets |  | 70.7 |  |  | 78.9 |
Deferred tax liabilities: |  |  |  |
Accelerated depreciation on fixed assets |  | 17.3 |  |  | 15.6 |
Amortization of intangibles |  | 68.7 |  |  | 49.2 |
Lease right-of-use asset, net |  | 16.8 |  |  | 15.7 |
Other items |  | 0.6 |  |  | 0.4 |
Total deferred tax liabilities |  | 103.4 |  |  | 80.9 |
Net deferred tax liabilities |  | $ | (32.7) |  |  | $ | (2.0) |
Summary of Operating Loss Carryforwards | The Company has foreign income tax net operating loss (“NOL”) and credit carryforwards of $6.5 million and U.S. state income tax credit carryforwards of $3.8 million, which will expire on various dates as follows:
(In millions) |
2026-2029 | $ | 3.2 |
2030-2034 | 1.6 |
2035-2039 | 0.6 |
2040-2045 | 0.3 |
Unlimited | 4.6 |
| $ | 10.3 |
Schedule of Unrecognized Tax Benefits Rollforward | As of the beginning of 2025, the Company had gross unrecognized tax benefits of $1.3 million, excluding accrued interest and penalties. The unrecognized tax benefits increased due to uncertain tax positions identified for the current and prior years based on evaluations made during 2025, which were offset by statute expirations. The Company had gross unrecognized tax benefits, excluding accrued interest and penalties, of $3.0 million as of December 31, 2025. During the first quarter of 2025, the Company recorded additional unrecognized tax benefits (excluding accrued interest and penalties) of $1.5 million. This amount is associated with uncertain tax positions taken by newly acquired companies in tax years prior to the acquisition of these companies. The stock purchase agreement related to the acquisition provides the Company the right to recover tax liabilities related to pre-acquisition tax years from the sellers and has accordingly recognized an indemnification receivable. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits for 2025, 2024, and 2023 (excluding interest and penalties) is as follows:
(In millions) |  | 2025 |  | 2024 |  | 2023
Beginning balance |  | $ | 1.3 |  |  | $ | 0.8 |  |  | $ | 0.9 |
Additions for tax positions of the current year |  | 0.3 |  |  | 0.6 |  |  | 0.3 |
Additions for tax positions of prior years |  | 1.5 |  |  | 0.2 |  |  | — |
Statute expirations |  | (0.1) |  |  | (0.3) |  |  | (0.4) |
Ending balance |  | $ | 3.0 |  |  | $ | 1.3 |  |  | $ | 0.8 |
Schedule of Cash Flow, Supplemental Disclosures | Total cash paid for income taxes, net of refunds are as follows:
(In millions) |  | 2025
Federal |  | $ | 43.8 |
State |  | 9.2 |
Foreign |  | 23.7 |
Total |  | $ | 76.7 |
Income taxes paid (net of refunds) exceeded 5 percent of total income taxes paid (net of refunds) in the following jurisdictions:
(In millions) |  | 2025
Federal |  |
United States |  | $ | 43.8 |
Foreign |  |
Brazil |  | $ | 4.7 |

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