XML 46 R37.htm IDEA: XBRL DOCUMENT v3.22.4
Acquisitions (Narratives) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Dec. 01, 2021
Nov. 30, 2021
Apr. 07, 2021
Dec. 31, 2022
Sep. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2022
Dec. 31, 2021
Mar. 31, 2022
Business Acquisition [Line Items]                    
Bridge Loan       $ 650,000       $ 650,000    
Line of Credit Facility, Maximum Borrowing Capacity       100,000       100,000    
Payments to Acquire Businesses, Net of Cash Acquired               $ 1,616 $ 539,778  
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life               17 years    
Deferred Compensation Arrangement with Individual, Compensation Expense                 970  
Deferred Compensation Arrangement with Individual, Requisite Service Period             45 days      
Revenue from Contract with Customer, Excluding Assessed Tax       230,370   $ 216,088   $ 682,397 653,187  
Operating Income (Loss)       20,179   15,316   70,372 49,722  
Cost of Goods and Services Sold       148,326   141,031   431,516 422,932  
Goodwill       642,430       642,430   $ 648,849
Acquisition Costs, Period Cost           53     8,739  
Amortization of Intangible Assets       6,459   6,254   19,442 18,648  
Unrealized Gain (Loss) on Investments       362   145   $ 558 214  
Cost of Goods and Service, Product and Service Benchmark                    
Business Acquisition [Line Items]                    
Deferred Compensation Arrangement with Individual, Compensation Expense                 521  
Selling and Marketing Expense [Member]                    
Business Acquisition [Line Items]                    
Deferred Compensation Arrangement with Individual, Compensation Expense                 350  
General and Administrative Expense [Member]                    
Business Acquisition [Line Items]                    
Deferred Compensation Arrangement with Individual, Compensation Expense                 74  
Research and Development Expense                    
Business Acquisition [Line Items]                    
Deferred Compensation Arrangement with Individual, Compensation Expense                 25  
Other                    
Business Acquisition [Line Items]                    
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life               5 years    
Technology-Based Intangible Assets [Member]                    
Business Acquisition [Line Items]                    
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life               16 years    
Customer relationships                    
Business Acquisition [Line Items]                    
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life               17 years    
Trademark                    
Business Acquisition [Line Items]                    
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life               14 years    
Dorner                    
Business Acquisition [Line Items]                    
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed    
The assignment of purchase consideration to the assets acquired and liabilities assumed is as follows (in thousands):

Cash$8,058 
Working Capital20,218 
Property, plant, and equipment, net26,104 
Intangible assets190,000 
Other assets658 
Other liabilities(896)
Finance lease liabilities(14,582)
Deferred and other taxes, net(35,689)
Goodwill287,141 
Total$481,012 
              
Payments to Acquire Businesses, Net of Cash Acquired     $ 481,012              
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life     15 years              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents     $ 8,058              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets     20,218              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles     190,000              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment     26,104              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets     658              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other     (896)              
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation     (14,582)              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities     (35,689)              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net     287,141              
Revenue from Contract with Customer, Excluding Assessed Tax           31,064     98,781  
Operating Income (Loss)           $ 4,157     8,481  
Cost of Goods and Services Sold                 2,981  
Goodwill     287,141              
Business Acquisition, Goodwill, Expected Tax Deductible Amount     8,000              
Acquisition Costs, Period Cost               $ 0    
Severance Costs                 $ 218  
Dorner | Trade Names                    
Business Acquisition [Line Items]                    
Indefinite-lived Intangible Assets Acquired     8,000              
Dorner | Technology-Based Intangible Assets [Member]                    
Business Acquisition [Line Items]                    
Indefinite-lived Intangible Assets Acquired     45,000              
Dorner | Customer relationships                    
Business Acquisition [Line Items]                    
Indefinite-lived Intangible Assets Acquired     $ 137,000              
Garvey                    
Business Acquisition [Line Items]                    
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The assignment of purchase consideration to the assets acquired and liabilities assumed is as follows (in thousands):
Cash$907 
Working Capital1,709 
Property, plant, and equipment, net3,072 
Intangible assets21,350 
Other assets1,382 
Other liabilities(1,905)
Goodwill40,832 
Total$67,347 
                  
Payments to Acquire Businesses, Net of Cash Acquired $ 67,347                  
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life 10 years                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents $ 907                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets 1,709                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles 21,350                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment 3,072                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets 1,382                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other (1,905)                  
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net 40,832                  
Acquisition Costs, Period Cost               0    
Cash Acquired from Acquisition 907                  
Debt Instrument, Increase (Decrease), Other, Net   $ 75,000                
Business Combination, Contingent Consideration, Liability, Noncurrent 2,000                  
Payments for (Proceeds from) Previous Acquisition       $ 1,616 $ 1,616     384    
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability               $ 1,230    
Garvey | Other                    
Business Acquisition [Line Items]                    
Finite-Lived Intangible Assets Acquired 330                  
Garvey | Customer relationships                    
Business Acquisition [Line Items]                    
Indefinite-lived Intangible Assets Acquired 8,200                  
Garvey | Technology Service                    
Business Acquisition [Line Items]                    
Finite-Lived Intangible Assets Acquired 4,670                  
Garvey | Trademark                    
Business Acquisition [Line Items]                    
Finite-Lived Intangible Assets Acquired 3,610                  
Garvey | Patents                    
Business Acquisition [Line Items]                    
Finite-Lived Intangible Assets Acquired 2,440                  
Garvey | Order or Production Backlog                    
Business Acquisition [Line Items]                    
Finite-Lived Intangible Assets Acquired $ 2,100