Acquisitions (Tables)

9 Months Ended

Sep. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of purchase price allocation

The final allocation will be completed no later than one year after the acquisition date. Below is the estimated purchase price allocation related to the acquisition of Charter; the total purchase price is net of cash acquired.

	(In millions)
Accounts receivable	$	2.6
Inventories	3.0
Property, plant and equipment	4.3
Other current assets	0.9
Accounts payable and accrued expenses	(0.4)
Deferred income tax liability	(1.1)
Total purchase price	$	9.3

Below is the estimated purchase price allocation related to the acquisition of Southern Fasteners. The total purchase price is net of cash acquired and includes the $2.0 million of notes payable to the seller.

	(In millions)
Accounts receivable	$	3.3
Inventories	6.0
Property, plant and equipment	0.4
Deferred income tax asset	0.3
Other current assets	0.3
Intangible assets	4.4
Goodwill	6.5
Accounts payable and accrued expenses	(2.5)
Total purchase price (including notes payable to seller of $2.0 million)	$	18.7