Acquisitions of Businesses (Tables)

3 Months Ended

Mar. 31, 2022

Maxxweld [Member]

Business Acquisition [Line Items]

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The table below summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed on the acquisition date, as well as measurement period adjustments recorded as of March 31, 2022. These preliminary estimates will continue to be revised during the measurement period as further information becomes available and additional analyses are performed. The current measurement period adjustments did not have a material impact to the Consolidated Statements of Income.

	Preliminary Allocation
Accounts receivable	$	2,080
Inventory		1,291
Prepaid expenses and other current assets		41
Property, plant and equipment and other assets		725
Other intangible assets		4,359
Accounts payable		(599	)
Other current liabilities		(322	)
Other non-current liabilities		(1,560	)
Total identifiable net assets		6,015
Goodwill		5,195
Total consideration, net of cash received	$	11,210

Holplast [Member]

Business Acquisition [Line Items]

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The table below summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed on the acquisition date as of March 31, 2022. These preliminary estimates will continue to be revised during the measurement period as further information becomes available and additional analyses are performed.

	Preliminary Allocation
Cash	$	907
Accounts receivable		452
Inventory		285
Prepaid expenses and other current assets		7
Property, plant and equipment and other assets		1,221
Accounts payable		(283	)
Other current liabilities		(95	)
Other non-current liabilities		(1,119	)
Total identifiable net assets		1,375
Goodwill		3,912
Total consideration, inclusive of cash and debt	$	5,287