XML 37 R25.htm IDEA: XBRL DOCUMENT v3.22.0.1
Acquisitions
12 Months Ended
Dec. 31, 2021
Acquisitions [Abstract]  
Acquisitions 17. ACQUISITIONS In 2021, we completed acquisitions of businesses for a combined preliminary purchase price of $88.7 million in cash, net of cash acquired. The preliminary purchase price allocation resulted in $20.0 million and $32.1 million of tax-deductible goodwill and other intangible assets, respectively. In 2020, we completed an acquisition of a business for a final purchase price of $27.6 million in cash, net of cash acquired. The final purchase price allocation resulted in $7.4 million and $18.1 million of tax deductible goodwill and other intangible assets, respectively. These acquisitions will help Graybar accelerate growth, diversify our business, extend our reach, and enhance our profitability. Since the date of acquisition, the acquired subsidiaries’ results are reflected in our consolidated financial statements. Pro forma results of the acquisitions were not material; therefore, they are not presented.