Acquisition (Tables)

3 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of Preliminary Acquisition Fair Value

The following table details the preliminary fair values as of the acquisition date (in millions):

Purchase price:	$	72.6
Less:
Cash	0.3
Accounts receivable	23.0
Inventories	4.6
Prepaid expenses and other current assets	2.5
Property, plant and equipment	0.3
Operating lease right-of-use assets	0.8
Customer lists	24.1
Trademarks	6.2
Other assets	0.1
Total identifiable assets acquired	$	61.9
Accounts payable	(12.9)
Accrued expenses and other current liabilities	(5.9)
Deferred revenue	(4.2)
Operating lease liabilities	(0.8)
Total identifiable liabilities acquired	$	(23.8)
Net identifiable assets acquired	38.1
Goodwill	$	34.5
Total net assets acquired	$	72.6

Schedule of Pro Forma Acquisition Information

The Company’s unaudited pro forma revenue and net income for the quarter ended March 31, 2023 below have been prepared as if the Indoff acquisition had occurred on January 1, 2023. This information is provided for illustrative purposes and does not purport to be indicative of the actual results that would have been achieved by the Company for the period presented (in millions):

	Three Months Ended March 31,
	2023
Net sales	$	316.2
Net income from continuing operations	$	14.6