XML 83 R64.htm IDEA: XBRL DOCUMENT v3.24.0.1
Business Acquisitions and Investments, Acquisition of Capital Stock of Kade Trading GmbH (Details)
$ in Thousands, € in Millions
1 Months Ended 12 Months Ended
Oct. 31, 2022
USD ($)
Oct. 31, 2022
EUR (€)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Oct. 31, 2022
EUR (€)
Allocation of the Purchase Price, Assets Acquired and Liabilities Assumed [Abstract]            
Business acquisition annual sales [1]     $ 1,358,272 $ 1,371,815 $ 1,298,816  
Assets acquired and liabilities assumed [Abstract]            
Goodwill     134,729 132,087 131,652  
Cash acquired     6,779 $ 0 $ 0  
Kade [Member]            
Business Combination, Description [Abstract]            
Percentage of entity acquired 100.00%         100.00%
Allocation of the Purchase Price, Assets Acquired and Liabilities Assumed [Abstract]            
Payment to acquire business $ 2,700 € 2.7        
Earn-out based performance obligation in 2024 and 2025 500         € 0.5
Business acquisition annual sales 6,000          
Assets acquired and liabilities assumed [Abstract]            
Purchase Price 3,176          
Receivables 790          
Inventory 829          
Other current assets [2] 1,003          
Property, plant, and equipment, net 63          
Operating lease right-of-use assets 401          
Intangible assets 2,395          
Goodwill 766          
Current liabilities (1,977)          
Noncurrent operating lease liabilities (328)          
Deferred income taxes (766)          
Net assets acquired 3,176          
Cash acquired $ 1,000          
Revenues from acquisition date     $ 5,000      
Kade [Member] | Customer Relationships [Member]            
Assets acquired and liabilities assumed [Abstract]            
Estimated useful life of intangible assets     15 years      
[1] There are no intersegment sales among our Vehicle Control, Temperature Control and Engineered Solutions operating segments.
[2] The other current assets balance includes $1 million of cash acquired.