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Goodwill and Other Intangible Assets (Notes)

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

6. Goodwill and Other Intangible Assets

The changes in the carrying value of goodwill by reportable segment for the six months ended June 30, 2025 are as follows:

(in millions)			Precision Devices						MedTech & Specialty Audio						Total
Balance at December 31, 2024			$	132.1					$	137.7					$	269.8
Foreign currency translation			0.3						—						0.3
Balance at June 30, 2025			$	132.4					$	137.7					$	270.1

Other Intangible Assets

The gross carrying value and accumulated amortization for each major class of intangible assets are as follows:

			June 30, 2025												December 31, 2024
(in millions)			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Amortized intangible assets:
Trademarks			$	15.2					$	2.3					$	15.2					$	1.7
Customer relationships			118.5						33.4						118.5						27.3
Developed technology			26.3						7.4						26.3						6.0
Other			0.8						0.4						0.8						0.4
Total			160.8						43.5						160.8						35.4
Unamortized intangible assets:
Trademarks			32.0												32.0
Total intangible assets, net			$	149.3											$	157.4

Amortization expense totaled $4.1 million and $4.2 million for the three months ended June 30, 2025 and 2024, respectively. For the six months ended June 30, 2025 and 2024 amortization expense totaled $8.1 million and $8.6 million, respectively. Amortization expense for the next five years, based on current definite-lived intangible balances, is estimated to be as follows:

(in millions)
Q3-Q4 2025			$	8.1
2026			16.0
2027			16.0
2028			15.2
2029			12.8
2030 and thereafter			49.2
Total			$	117.3

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- References

No definition available.

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- 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

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