Acquisitions of Businesses (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2022. These 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			Measurement Period Adjustments			Adjusted Preliminary Allocation
Accounts receivable	$	2,080		$	52		$	2,132
Inventory		1,291			76			1,367
Prepaid expenses and other current assets		41			0			41
Equipment and other assets		725			0			725
Other intangible assets		4,359			0			4,359
Accounts payable		(599	)		0			(599	)
Other current liabilities		(322	)		0			(322	)
Other non-current liabilities		(1,560	)		(1	)		(1,561	)
Total identifiable net assets		6,015			127			6,142
Goodwill		5,195			(127	)		5,068
Total consideration, net of cash received	$	11,210		$	0		$	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 well as measurement period adjustments recorded as of June 30, 2022. These 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			Measurement Period Adjustments			Adjusted Preliminary Allocation
Cash	$	907			0		$	907
Accounts receivable		452			0			452
Inventory		285			31			316
Prepaid expenses and other current assets		7			0			7
Property, plant and equipment and other assets		1,221			1,760			2,981
Accounts payable		(283	)		0			(283	)
Other current liabilities		(95	)		0			(95	)
Other non-current liabilities		(1,119	)		(334	)		(1,453	)
Total identifiable net assets		1,375			1,457			2,832
Goodwill		3,912			(1,457	)		2,455
Total consideration, inclusive of cash and debt	$	5,287		$	0		$	5,287