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Contingent Consideration
3 Months Ended
Mar. 31, 2025
Business Combination, Contingent Consideration, Liability [Abstract]  
Contingent Consideration

18. Contingent Consideration:

The following table sets forth the changes in contingent consideration liabilities (in millions):

 

 

 

 

 

Balance at December 31, 2024

 

$

17.3

 

Current period additions

 

 

 

Current period adjustments

 

 

0.4

 

Current period settlements

 

 

(0.7

)

Foreign currency effect

 

 

0.3

 

Balance at March 31, 2025

 

$

17.3

 

 

Changes in fair value subsequent to acquisition are recognized in Acquisition-related expenses, net included in Other Charges, net, in the consolidated statements of operations. Contingent consideration payments in excess of the acquisition date fair value are included in net cash provided by operating activities, and the original acquisition date values are included in net cash provided by (used in) financing activities in the consolidated statements of cash flows.