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Goodwill Impairment Testing | 6 Months Ended
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Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract] |
Goodwill Impairment Testing | Goodwill Impairment Testing We test goodwill for impairment at the reporting unit level (the business groups that are one level below the operating segments) when triggering events occur, or at least annually. We perform our annual goodwill impairment testing in the second quarter. The 2026 and 2025 goodwill impairment tests indicated no impairments. The fair values of our reporting units in relation to their respective carrying values and significant assumptions used are presented in the tables below. If actual results differ materially from estimates used in our calculations, we could incur future impairment charges. These tables exclude Hydraulic Cylinders as this reporting unit had no goodwill at either testing date and Aerospace, which was divested in the third quarter of 2025.
2026
Fair Value over Carrying Value divided by Carrying Value |  | June 30, 2026 Goodwill Value |  | Compound Annual Growth Rate (CAGR) Range for Sales |  | Terminal Values Long-term Growth Rate for Debt-Free Cash Flow |  | Discount Rate Ranges
Less than 25% 1 |  | $ | 443.9 |  |  | 2% - 4% |  | 2.5 | % |  | 17% - 19%
25% - 50% |  | 301.2 |  |  | (1) - 4 |  | 2.5 |  |  | 17
|  | $ | 745.1 |  |  | (1%) - 4% |  | 2.5 | % |  | 17% - 19%
2025
Fair Value over Carrying Value divided by Carrying Value |  | December 31, 2025 Goodwill Value |  | CAGR Range for Sales |  | Terminal Values Long-term Growth Rate for Debt-Free Cash Flow |  | Discount Rate Ranges
Less than 50% 1 |  | $ | 447.1 |  |  | <1% - 4% |  | 3.0 | % |  | 15% - 17%
51% - 100% |  | 304.3 |  |  | (2) - 4 |  | 3.0 |  |  | 15 - 17
|  | $ | 751.4 |  |  | (2%) - 4% |  | 3.0 | % |  | 15% - 17%
1 This category includes our Bedding, Home Furniture, and Work Furniture reporting units for both testing dates. •The fair value of Bedding exceeded its carrying value by approximately 10% and 20% at our 2026 and 2025 testing dates, respectively, and had goodwill of $320.8 at June 30, 2026 and $323.7 at December 31, 2025. •The fair value of Home Furniture exceeded its carrying value by less than 5% and approximately 35% at our 2026 and 2025 testing dates, respectively, and had goodwill of $68.5 at June 30, 2026 and $68.4 at December 31, 2025. A 1% increase in the discount rate (holding all other assumptions constant) would cause the fair value to be less than the carrying value. While no impairment was recorded, it is possible that future changes in circumstances could result in a non-cash impairment charge. •The fair value of Work Furniture exceeded its carrying value by approximately 10% and 30% at our 2026 and 2025 testing dates, respectively, and had goodwill of $54.6 at June 30, 2026 and $55.0 at December 31, 2025.

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- Definition The entire disclosure for impairment of asset. Includes, but is not limited to, tangible and intangible assets and goodwill. + 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 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360-10/tableOfContent + Details
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- References No definition available. + Details
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