Assets Held For Sale (Tables)

9 Months Ended

Sep. 30, 2023

PIM [Member]

Disposal (Line Items)

Disclosure of Long-Lived Assets Held-for-sale

PIM Assets-held-for sale comprise the following as of September 30, 2023:

(In thousands)
Assets:	September 30, 2023
Current assets	$	49,277
Property, Plant and Equipment, net	113,305
Intangible assets, net	76,692
Goodwill	12,707
Other assets	1,364
Total assets-held-for sale	$	253,345
Liabilities:
Accounts payable	$	5,675
Accrued expenses	7,978
Long-term liabilities	1,959
Total liabilities-held-for sale	$	15,612

Income before income taxes attributable to the PIM business was $12.0 million and $33.3 million for the three and nine months ended September 30, 2023, respectively.

EC [Member]

Disposal (Line Items)

Disposal Groups, Including Discontinued Operations

EC Assets-held-for sale comprise the following as of September 30, 2023:

(In thousands)
Assets:	September 30, 2023
Current assets	$	92,563
Property, Plant and Equipment, net	177,020
Intangible assets, net	263,686
Goodwill	250,638
Other assets	7,965
Total assets-held-for sale	$	791,872
Liabilities:
Accounts payable	$	18,975
Accrued expenses	15,255
Long-term liabilities	89,428
Total liabilities-held-for sale	$	123,658

QED [Member]

Disposal (Line Items)

Schedule of Business Acquisitions by Acquisition, Consideration

The following table summarizes the fair value of the sale proceeds received in connection with the divestiture, which are subject to further post-closing adjustment:

(In thousands)	March 1, 2023
Fair value of sale consideration	$	137,500
Final working capital adjustment	1,031
Cash transferred to the buyer on the closing balance sheet	(1,465)
Direct costs to sell	(2,780)
Fair value of sale consideration	$	134,286

Schedule of Noncash or Part Noncash Divestitures

Disposal Groups, Including Discontinued Operations

The major classes of assets and liabilities sold consisted of the following:

(In thousands)
Assets:	March 1, 2023
Current assets	$	19,219
Property, plant and equipment, net	2,663
Goodwill	90,005
Intangible assets, net	48,661
Other assets	842
Total assets	$	161,390
Liabilities:
Accounts payable	$	1,340
Accrued expenses	8,750
Long-term liabilities	2,067
Total liabilities	$	12,157