Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Business Acquisition [Line Items]

Pro Forma Financial Information (Unaudited)

(In millions, except per share amounts)	2019		2018		2017
Net sales	$	1,410	$	1,380	$	1,281
Net Income	131		124		36
Basic earnings per share	3.40		3.24		0.94
Diluted earnings per share	3.35		3.19		0.93

Sierra Monitor Corporation

Business Acquisition [Line Items]

Schedule of Preliminary Fair Values of the Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the SMC assets acquired and liabilities assumed at the date of acquisition:

(In millions)	May 20, 2019
Current assets (including cash of $2.1 million)	$	10.5
Property, plant and equipment and other noncurrent assets	1.3
Customer relationships	9.6
Acquired technology	1.4
Goodwill	19.9
Total assets acquired	42.7
Total liabilities assumed	6.5
Net assets acquired	$	36.2

Globe Holding Company LLC

Business Acquisition [Line Items]

Schedule of Preliminary Fair Values of the Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the Globe assets acquired and liabilities assumed at the date of acquisition:

(In millions)	July 31, 2017
Current assets (including cash of $58 thousand)	$	28.6
Property, plant and equipment	8.3
Trade name	60.0
Distributor relationships	40.2
Acquired technology and other intangible assets	10.5
Goodwill	74.5
Total assets acquired	222.1
Total liabilities assumed	5.7
Net assets acquired	$	216.4