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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2024
Business Acquisition [Line Items]  
Schedule of Business Acquisitions

The following table summarizes aggregate unaudited as reported and pro forma information assuming the acquisition of 3form had occurred on January 1, 2023. The unaudited pro forma results include the depreciation and amortization associated with the acquired assets. The unaudited pro forma results do not include any expected benefits from the 3form acquisition. Accordingly, the unaudited pro forma results are not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of January 1, 2023.

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net sales, pro forma

 

$

388.3

 

 

$

348.0

 

 

$

737.7

 

 

$

683.9

 

Net sales, as reported

 

 

365.1

 

 

 

325.4

 

 

 

691.4

 

 

 

635.6

 

Earnings before income taxes, pro forma

 

 

89.8

 

 

 

79.4

 

 

 

170.2

 

 

 

143.4

 

Earnings before income taxes, as reported

 

 

87.1

 

 

 

80.0

 

 

 

167.3

 

 

 

143.9

 

 

For the three and six months ended June 30, 2024, net sales of $20.4 and $23.4, respectively, from BOK and 3form were included in our Condensed Consolidated Statements of Operations and Comprehensive Income since the acquisition dates.

3form [Member]  
Business Acquisition [Line Items]  
Schedule of Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives The following table summarizes the fair values of identifiable intangible assets acquired, and their estimated useful lives:

 

 

 

Fair Value at Acquisition Date

 

 

Estimated Useful Life

 

 

 

 

 

 

Customer relationships

 

$

16.6

 

 

5 years

Trademarks and brand names

 

 

15.0

 

 

15 years

Non-compete agreements

 

 

3.8

 

 

5 years

Software

 

 

1.9

 

 

5 years

Backlog

 

 

1.2

 

 

1 year

Developed technology

 

 

1.1

 

 

16 years

Total identifiable intangible assets

 

$

39.6