Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table presents the fair value of the assets acquired and liabilities assumed with respect to the Palette acquisition:

Assets
Accounts receivable	$	8,898
Inventories	5,750
Other current assets	897
Current assets	15,545
Property, plant and equipment, net	2,180
Intangible assets	333,500
Goodwill	357,025
Deferred tax assets	2,026
Other assets	1,557
Noncurrent assets	696,288
Total assets	711,833
Liabilities
Current liabilities	18,683
Deferred tax liabilities	69,389
Other liabilities	1,909
Liabilities	89,981
Net assets acquired	$	621,852

Schedule of Identifiable Intangible Assets Acquired and Ranges of Useful Lives

The following table sets forth the components of identifiable intangible assets acquired and the ranges of the useful lives as of the date of the Palette acquisition:

	Fair value		Useful life (years)
Intellectual property	$	264,000	12
Trade names	40,500		25
Customer relationships	29,000		15

Schedule of Business Acquisitions, by Acquisition

	Year Ended December 31,
	2023		2022		2021
Non cash investing and financing activities of continuing operations:
Acquisition of businesses	$	27,000	$	43,168	$	—

Schedule of Business acquisition, Pro Forma Information

The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have occurred under our ownership and management.

	Year Ended December 31,
	2023		2022
	(Unaudited)
Net income	$	310,356	$	282,425
Basic earnings per share:
Net income	$	6.61	$	6.02
Diluted earnings per share:
Net income	$	6.56	$	5.97