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v3.23.1

Acquisitions of Businesses (Tables) | 3 Months Ended
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Mar. 31, 2023
Maxxweld [Member] |
Business Acquisition [Line Items] |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The final measurement period adjustments did not have a material impact to the Consolidated Statements of Income.
|  | Preliminary Allocation |  | Measurement Period Adjustments |  | Final Allocation |
Accounts receivable |  | $ | 2,080 |  | $ | 52 |  | $ | 2,132 |
Inventory |  |  | 1,291 |  |  | 76 |  |  | 1,367 |
Prepaid expenses and other current assets |  |  | 41 |  |  | — |  |  | 41 |
Equipment and other assets |  |  | 725 |  |  | — |  |  | 725 |
Other intangible assets |  |  | 4,359 |  |  | — |  |  | 4,359 |
Accounts payable |  |  | (599 | ) |  | — |  |  | (599 | )
Other current liabilities |  |  | (322 | ) |  | — |  |  | (322 | )
Other noncurrent liabilities |  |  | (1,560 | ) |  | (1 | ) |  | (1,561 | )
Total identifiable net assets |  |  | 6,015 |  |  | 127 |  |  | 6,142 |
Goodwill |  |  | 5,195 |  |  | (127 | ) |  | 5,068 |
Total consideration, net of cash received |  | $ | 11,210 |  | $ | — |  | $ | 11,210 |
Holplast [Member] |
Business Acquisition [Line Items] |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | . The final measurement period adjustments did not have a material impact to the Consolidated Statements of Income.
|  | Preliminary Allocation |  | Measurement Period Adjustments |  | Final Allocation |
Cash |  | $ | 907 |  | $ | — |  | $ | 907 |
Accounts receivable |  |  | 452 |  |  | — |  |  | 452 |
Inventory |  |  | 285 |  |  | 23 |  |  | 308 |
Prepaid expenses and other current assets |  |  | 7 |  |  | — |  |  | 7 |
Property, plant and equipment and other assets |  |  | 1,221 |  |  | 1,760 |  |  | 2,981 |
Accounts payable |  |  | (283 | ) |  | (13) |  |  | (296 | )
Other current liabilities |  |  | (95 | ) |  | — |  |  | (95 | )
Other noncurrent liabilities |  |  | (1,119 | ) |  | (333 | ) |  | (1,452 | )
Total identifiable net assets |  |  | 1,375 |  |  | 1,437 |  |  | 2,812 |
Goodwill |  |  | 3,912 |  |  | (1,437 | ) |  | 2,475 |
Total consideration, inclusive of cash and debt |  | $ | 5,287 |  | $ | — |  | $ | 5,287 |

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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + 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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