Divestiture	6 Months Ended
Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Divestiture	Divestiture On January 9, 2024, the Company entered into a Share and Asset Purchase Agreement (as amended, the "SPA") with One Equity Partners ("OEP") to sell its Associated Spring™ and Hänggi™ businesses (the "Businesses") for $175,000, subject to certain adjustments (the "Sale"). The Businesses operated within the Company's Force & Motion Control (formerly Motion Control Solutions) business. Pursuant to the required accounting guidance, as of March 31, 2024, the Company allocated $58,900 of goodwill from the Motion Control Solutions reporting unit to the Businesses based on the estimated relative fair values of the Businesses to be disposed of and the portion of the reporting unit that will be retained. The Company completed the Sale of the Businesses to OEP on April 4, 2024. Gross proceeds received were $157,998. The Company yielded net cash proceeds of $146,041 after consideration of cash sold and transaction costs. The Company recorded a receivable of $15,437 as of June 30, 2024 related to the transfer of one foreign facility. This receivable was recorded within Accounts Receivable on the Condensed Consolidated Balance Sheet. The final amount of proceeds from the Sale is subject to post closing adjustments. The Company recorded a pre-tax gain related to the Sale of the Businesses of $10,048 ($10,204 through operating loss) and $5,545 ($7,071 through operating loss) during the three and six month periods ended June 30, 2024, respectively. Resulting tax charges of $16,894 and $23,688, were recognized during the three and six month periods ended June 30, 2024, respectively. The Company utilized the proceeds from the Sale to reduce outstanding debt.

Divestiture

6 Months Ended

Jun. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

On January 9, 2024, the Company entered into a Share and Asset Purchase Agreement (as amended, the "SPA") with One Equity Partners ("OEP") to sell its Associated Spring™ and Hänggi™ businesses (the "Businesses") for $175,000, subject to certain adjustments (the "Sale"). The Businesses operated within the Company's Force & Motion Control (formerly Motion Control Solutions) business. Pursuant to the required accounting guidance, as of March 31, 2024, the Company allocated $58,900 of goodwill from the Motion Control Solutions reporting unit to the Businesses based on the estimated relative fair values of the Businesses to be disposed of and the portion of the reporting unit that will be retained.

The Company completed the Sale of the Businesses to OEP on April 4, 2024. Gross proceeds received were $157,998. The Company yielded net cash proceeds of $146,041 after consideration of cash sold and transaction costs. The Company recorded a receivable of $15,437 as of June 30, 2024 related to the transfer of one foreign facility. This receivable was recorded within Accounts Receivable on the Condensed Consolidated Balance Sheet. The final amount of proceeds from the Sale is subject to post closing adjustments. The Company recorded a pre-tax gain related to the Sale of the Businesses of $10,048 ($10,204 through operating loss) and $5,545 ($7,071 through operating loss) during the three and six month periods ended June 30, 2024, respectively. Resulting tax charges of $16,894 and $23,688, were recognized during the three and six month periods ended June 30, 2024, respectively. The Company utilized the proceeds from the Sale to reduce outstanding debt.