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Acquisitions and Divestitures | 9 Months Ended
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Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Acquisitions and Divestitures | Acquisitions and Divestitures Fiscal 2025: In May 2025, the Company acquired The Dodge Company ("Dodge") within the Memorialization segment for a purchase price of $55,624 (net of cash acquired). Dodge is a leading supplier of embalming chemicals and supplies in North America and sells a variety of other related products to Funeral Homes. Annual sales for this business were approximately $43,000 prior to the acquisition. The preliminary purchase price allocation was not finalized as of June 30, 2025 and remains subject to change as the Company obtains additional information related to working capital and other intangibles assets. On May 1, 2025, the Company contributed its SGK Business to a newly-formed entity, Propelis, in exchange for 40% of the common equity of Propelis, a $50,000 preferred equity investment in Propelis, and cash proceeds of $228,004 (net of $22,996 of divested cash). The Company retained its European cylinders (packaging) business and other related investments following the completion of this transaction. The Company recognized a gain on sale of the SGK Business totaling $57,103 ($14,155 after-tax) during the third quarter of fiscal 2025. Note 15. Acquisitions and Divestitures (continued) The following table summarizes the carrying values of the SGK Business assets and liabilities divested on May 1, 2025.
| May 1, 2025
Assets: |
Cash and cash equivalents | $ | 22,996 |
Accounts receivable, net | 72,146 |
Inventories, net | 31,236 |
Property, plant and equipment, net | 40,425 |
Operating lease right-of-use assets | 18,334 |
Goodwill | 223,719 |
Other intangible assets, net | 23,672 |
Other current and non-current assets | 17,159 |
Total assets | 449,687 |
Liabilities: |
Current portion of operating lease liabilities | 7,478 |
Trade accounts payable | 14,805 |
Accrued compensation | 12,258 |
Long-term debt | 5,817 |
Operating lease liabilities | 11,619 |
Deferred income taxes | 16,837 |
Other current and non-current liabilities | 27,731 |
Total liabilities | 96,545 |
Net assets | $ | 353,142 |
Income before income taxes for the divested SGK Business totaled $4,477 and $12,647 for the three and nine months ended June 30, 2025, respectively, and $5,435 and $14,226 for the three and nine months ended June 30, 2024, respectively. In March 2025, the Company completed a small divestiture within the Industrial Technologies segment. Net proceeds from the divestiture totaled $2,049, and the transaction resulted in a pre-tax loss of $2,072, which was recorded as a component of administrative expense for the period ended June 30, 2025. In October 2024, the Company completed a small acquisition within the Memorialization segment for a purchase price of $2,218. The preliminary purchase price allocation was not finalized as of June 30, 2025 and remains subject to change as the Company obtains additional information related to working capital. During the first quarter of fiscal 2025, the Company completed a small divestiture within the Memorialization segment. The net assets for this business were fully written-down in fiscal 2024 in anticipation of the disposal transaction. Fiscal 2024: In January 2024, the Company completed a small acquisition within the Memorialization segment for a purchase price of $5,825 (net of holdbacks and other adjustments, including working capital). The Company finalized the allocation of the purchase price in the fourth quarter of fiscal 2024, resulting in no significant adjustments.

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