XML 86 R53.htm IDEA: XBRL DOCUMENT v3.25.4

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Earnings from continuing operations before income taxes consists of the following (in thousands):

			Year Ended December 31,
			2025						2024						2023
Domestic			$	105,356					$	71,742					$	60,780
Foreign			5,167						2,247						20,936
Total			$	110,523					$	73,989					$	81,716

Schedule of Income Tax Provision (Benefit) for Income Taxes Attributable to Continuing Operations

The provision (benefit) for income taxes attributable to continuing operations consists of the following (in thousands):

			Year Ended December 31,
			2025						2024						2023
Current tax expense (benefit)
Domestic federal			$	15,650					$	17,426					$	13,832
Domestic state and local			1,951						2,335						1,590
Foreign			22,439						11,254						9,224
Total current tax expense			40,040						31,015						24,646
Deferred tax expense (benefit)
Domestic federal			(3,919)						(7,848)						(4,926)
Domestic state and local			(1,031)						(1,688)						(843)
Foreign			(4,473)						(2,094)						(509)
Total deferred tax expense			(9,423)						(11,630)						(6,278)
Total income tax expense (benefit)
Domestic federal			11,731						9,578						8,906
Domestic state and local			920						647						747
Foreign			17,966						9,160						8,715
Total income tax expense			$	30,617					$	19,385					$	18,368

Schedule of Effective Income Tax Rate Reconciliation

Reconciliations between taxes at the U.S. federal income tax rate and taxes at our effective income tax rate on earnings from continuing operations before income taxes are as follows (in thousands):

			Year Ended December 31,
			2025												2024												2023
			Amount						Rate						Amount						Rate						Amount						Rate
U.S. federal statutory tax			$	23,210					21.0		%				$	15,538					21.0		%				$	17,160					21.0		%
Effect of cross-border tax laws
Global intangible low taxed income (GILTI) ⁽ᵃ⁾			—						—						2,986						4.0						3,070						3.7
U.S. taxation of Mexican disregarded entities			1,972						1.8						1,871						2.5						1,881						2.3
Other			(50)						—						(326)						(0.4)						(743)						(0.9)
Tax credits
Foreign tax credits			(3,452)						(3.1)						(5,297)						(7.1)						(5,356)						(6.6)
Changes in valuation allowances			2,360						2.1						770						1.0						865						1.1
Nontaxable or nondeductible items
Nondeductible acquisition costs			—						—						795						1.1						—						—
Permanent difference true-up			(256)						(0.2)						(395)						(0.5)						(1,330)						(1.6)
Other			193						0.2						(118)						(0.2)						29						—
Other adjustments			14						—						(122)						(0.2)						(131)						(0.2)
Domestic state and local income taxes, net of federal income tax effect ⁽ᵇ⁾			3,057						2.8						1,922						2.6						2,086						2.6
Foreign tax effects
Canada
Provincial			1,794						1.6						1,305						1.8						1,028						1.3
Other			(442)						(0.4)						(710)						(1.0)						(607)						(0.7)
Mexico			1,173						1.0						1,465						2.0						1,097						1.3
Other foreign jurisdictions			1,045						0.9						(299)						(0.4)						(681)						(0.8)
Effective tax rate			$	30,617					27.7		%				$	19,385					26.2		%				$	18,368					22.5		%

(a) We intend to elect the GILTI high tax exception when we file our income tax return for the year ended December 31, 2025. This election excludes from GILTI the income of a controlled foreign corporation that incurs a foreign tax at a rate greater than 90% of the U.S. corporate rate. Accordingly, the amount of global intangible low taxed income reflected above is zero.

(b) The states that comprise more than 50% of the tax effect in this category for 2025 include Texas, Tennessee, California, and Illinois. Texas, Tennessee, Kansas, New York, Illinois, and California for 2024, and Texas, California, Kansas, New York, and Illinois for 2023.

Schedule of Components of Net Deferred Tax Assets and Liabilities

The following is a summary of the components of the net deferred tax assets and liabilities recognized in the accompanying consolidated balance sheets (in thousands):

			December 31,
			2025						2024
Deferred tax assets:
Inventories			$	12,624					$	9,087
Allowance for customer returns			16,298						17,854
Accrued asbestos liabilities			31,579						24,032
Accrued salaries and benefits			13,861						13,564
Tax credit and net operating loss carryforwards			7,689						5,690
Allowance for expected credit losses			4,631						3,586
Other			4,351						10
			91,033						73,823
Valuation allowance			(7,270)						(4,849)
Total deferred tax assets			83,763						68,974
Deferred tax liabilities:
Intangible assets acquired, net of amortization			44,319						43,755
Depreciation			7,486						6,669
Other			6,574						5,351
Total deferred tax liabilities			58,379						55,775
Net deferred tax assets			$	25,384					$	13,199

Schedule of Cash Taxes Paid

The following is a summary of our cash taxes paid (in thousands):

			Year Ended December 31,
			2025						2024						2023
Domestic federal			$	2,185					$	2,008					$	4,978
Domestic state and local			1,834						681						1,068
Foreign
Canada - federal			2,586						1,918						1,675
Canada - provincial			1,834						1,335						1,135
China			2,126						1,427						862
Denmark			6,665						3,859						—
Mexico			4,761						5,507						4,198
Poland			879						1,559						1,104
Other			1,963						1,547						999
Total			$	24,833					$	19,841					$	16,019

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of supplemental cash flow information for the periods presented.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration