Business Combinations (Tables)

3 Months Ended

Mar. 31, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Business Combinations

Below is a summary of insignificant acquisitions in aggregate by year, including revenue and net income since date of acquisition shown for the year of acquisition. Net income includes amortization and taxes when appropriate.

For the three months ended March 31, 2025 (in millions):         

									Three months ended March 31, 2025
2025 Acquisitions	Date	Acquisition Type	Cash Paid		Seller Obligations		Total Purchase Price		Revenue		Net Income
Other	3/17/2025	Asset	$	8.3	$	0.5	$	8.8	$	0.2	$	0.0

For the three months ended March 31, 2024 (in millions):

									Three months ended March 31, 2024
2024 Acquisitions	Date	Acquisition Type	Cash Paid		Seller Obligations		Total Purchase Price		Revenue		Net Income
Other	3/4/2024	Asset	$	4.1	$	0.6	$	4.7	$	0.4	$	0.0

Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed

The estimated fair values of the assets acquired and liabilities assumed for the acquisitions, as well as total purchase prices and cash paid, approximated the following (in millions):

	Three months ended March 31, 2025		Three months ended March 31, 2024
	Other		Other
Estimated fair values:
Inventories	$	0.3	$	0.4
Property and equipment	0.2		0.3
Intangibles	5.5		2.5
Goodwill	2.8		1.5
Fair value of assets acquired and purchase price	8.8		4.7
Less seller obligations	0.5		0.6
Cash paid	$	8.3	$	4.1

Estimates of Acquired Intangible Assets

Estimates of acquired intangible assets related to the acquisitions are as follows (in millions):

	For the three months ended March 31,
	2025			2024
Acquired intangibles assets	Estimated Fair Value		Weighted Average Estimated Useful Life (yrs.)	Estimated Fair Value		Weighted Average Estimated Useful Life (yrs.)
Customer relationships	$	3.8	12	$	1.7	12
Trademarks and tradenames	1.5		15	0.6		15
Non-competition agreements	0.2		5	0.2		5

Pro Forma Results of Operations

The unaudited pro forma information is not necessarily indicative of the results that we would have achieved had the transactions actually taken place on January 1, 2024 and 2023, respectively, and the unaudited pro forma information does not purport to be indicative of future financial operating results (in millions, except per share data):

	Unaudited pro forma for the three months ended March 31,
	2025		2024
Net revenue	$	685.9	$	717.8
Net income	45.5		57.7
Basic net income per share	1.65		2.05
Diluted net income per share	1.64		2.03