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Divestiture (Tables) | 6 Months Ended
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Jun. 30, 2025
Divestiture [Abstract] |
Summary of Amounts Related to the Transaction | Amounts related to the transaction are as follows:
(in thousands) |  |  |
Proceeds from sale of Global Pump Solutions business |  | $ | 108,610 |
Less: Assets transferred |  |  |
Accounts receivable, net |  |  | (4,230 | )
Inventories |  |  | (9,268 | )
Property and equipment |  |  | (5,247 | )
Goodwill |  |  | (26,838 | )
Intangible assets – finite life, net |  |  | (4,029 | )
Pension plan assets |  |  | (425 | )
Other assets |  |  | (120 | )
Less: Transaction costs |  |  | (616 | )
Plus: Liabilities transferred |  |  |
Accounts payable |  |  | 1,024 |
Accrued expenses |  |  | 1,731 |
Other liabilities assumed |  |  | 3,910 |
Gain on sale of Global Pump Solutions business |  | $ | 64,502 |

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- Definition Tabular disclosure of revenue by reporting categories or types of financial instruments, including derivatives but excluding dividends and interests, from trading for own account by broker dealers. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 940 -SubTopic 320 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479048/940-320-50-1 + Details
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