Divestiture	9 Months Ended
Sep. 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 Force & Motion Control 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 $173,435. The Company yielded net cash proceeds of $160,869 after consideration of cash sold and transaction costs. The Company recorded additional transaction costs associated with the sale of the Businesses of $1,651 during the three month period ended September 30, 2024, with $1,042 reflected within Accounts payable as of September 30, 2024. The final amount of proceeds from the Sale is subject to post closing adjustments. The Company recorded a gain on the sale of the Businesses of $3,894 ($5,420 through operating profit) during the nine month periods ended September 30, 2024. Resulting tax charges of $0 and $23,688, were recognized during the three and nine month periods ended September 30, 2024, respectively. The Company utilized the proceeds from the Sale to reduce outstanding debt.

Divestiture

9 Months Ended

Sep. 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 Force & Motion Control 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 $173,435. The Company yielded net cash proceeds of $160,869 after consideration of cash sold and transaction costs. The Company recorded additional transaction costs associated with the sale of the Businesses of $1,651 during the three month period ended September 30, 2024, with $1,042 reflected within Accounts payable as of September 30, 2024. The final amount of proceeds from the Sale is subject to post closing adjustments. The Company recorded a gain on the sale of the Businesses of $3,894 ($5,420 through operating profit) during the nine month periods ended September 30, 2024. Resulting tax charges of $0 and $23,688, were recognized during the three and nine month periods ended September 30, 2024, respectively. The Company utilized the proceeds from the Sale to reduce outstanding debt.