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Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. | text | 573.9 | monetaryItemType | text: <entity> 573.9 </entity> <entity type> monetaryItemType </entity type> <context> Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill |
Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. | text | 517.9 | monetaryItemType | text: <entity> 517.9 </entity> <entity type> monetaryItemType </entity type> <context> Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. </context> | us-gaap:Goodwill |
Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. | text | 138.8 | monetaryItemType | text: <entity> 138.8 </entity> <entity type> monetaryItemType </entity type> <context> Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. </context> | us-gaap:BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount |
Balestro”) for a cash purchase price of approximately $ 87 million, net of cash acquired, subject to customary purchase price adjustments. Balestro is a company headquartered in Mogi Mirim, São Paulo, Brazil and designs, manufactures, and delivers top quality products for the electrical utility industry in Brazil and other countries in Latin America, as well as other parts of the world. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 5.6 million and goodwill of $ 64.5 million as a result of this acquisition. The intangible assets of $ 5.6 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 21 years. The goodwill is not expected to be deductible for tax purposes. | text | 87 | monetaryItemType | text: <entity> 87 </entity> <entity type> monetaryItemType </entity type> <context> Balestro”) for a cash purchase price of approximately $ 87 million, net of cash acquired, subject to customary purchase price adjustments. Balestro is a company headquartered in Mogi Mirim, São Paulo, Brazil and designs, manufactures, and delivers top quality products for the electrical utility industry in Brazil and other countries in Latin America, as well as other parts of the world. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 5.6 million and goodwill of $ 64.5 million as a result of this acquisition. The intangible assets of $ 5.6 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 21 years. The goodwill is not expected to be deductible for tax purposes. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
Balestro”) for a cash purchase price of approximately $ 87 million, net of cash acquired, subject to customary purchase price adjustments. Balestro is a company headquartered in Mogi Mirim, São Paulo, Brazil and designs, manufactures, and delivers top quality products for the electrical utility industry in Brazil and other countries in Latin America, as well as other parts of the world. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 5.6 million and goodwill of $ 64.5 million as a result of this acquisition. The intangible assets of $ 5.6 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 21 years. The goodwill is not expected to be deductible for tax purposes. | text | 5.6 | monetaryItemType | text: <entity> 5.6 </entity> <entity type> monetaryItemType </entity type> <context> Balestro”) for a cash purchase price of approximately $ 87 million, net of cash acquired, subject to customary purchase price adjustments. Balestro is a company headquartered in Mogi Mirim, São Paulo, Brazil and designs, manufactures, and delivers top quality products for the electrical utility industry in Brazil and other countries in Latin America, as well as other parts of the world. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 5.6 million and goodwill of $ 64.5 million as a result of this acquisition. The intangible assets of $ 5.6 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 21 years. The goodwill is not expected to be deductible for tax purposes. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill |
Balestro”) for a cash purchase price of approximately $ 87 million, net of cash acquired, subject to customary purchase price adjustments. Balestro is a company headquartered in Mogi Mirim, São Paulo, Brazil and designs, manufactures, and delivers top quality products for the electrical utility industry in Brazil and other countries in Latin America, as well as other parts of the world. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 5.6 million and goodwill of $ 64.5 million as a result of this acquisition. The intangible assets of $ 5.6 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 21 years. The goodwill is not expected to be deductible for tax purposes. | text | 64.5 | monetaryItemType | text: <entity> 64.5 </entity> <entity type> monetaryItemType </entity type> <context> Balestro”) for a cash purchase price of approximately $ 87 million, net of cash acquired, subject to customary purchase price adjustments. Balestro is a company headquartered in Mogi Mirim, São Paulo, Brazil and designs, manufactures, and delivers top quality products for the electrical utility industry in Brazil and other countries in Latin America, as well as other parts of the world. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 5.6 million and goodwill of $ 64.5 million as a result of this acquisition. The intangible assets of $ 5.6 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 21 years. The goodwill is not expected to be deductible for tax purposes. </context> | us-gaap:Goodwill |
EIG”) for a cash purchase price of approximately $ 60 million, net of cash acquired, subject to customary purchase price adjustments. EIG offers fully integrated energy management and power quality monitoring solutions for the electric utility and commercial & industrial markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 28.7 million and goodwill of $ 23.3 million as a result of this acquisition. The intangible assets of $ 28.7 million consist primarily of customer relationships, developed technology, a tradename and backlog and will be amortized over a weighted average period of approximately 14 years. All of the goodwill is expected to be deductible for tax purposes. | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> EIG”) for a cash purchase price of approximately $ 60 million, net of cash acquired, subject to customary purchase price adjustments. EIG offers fully integrated energy management and power quality monitoring solutions for the electric utility and commercial & industrial markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 28.7 million and goodwill of $ 23.3 million as a result of this acquisition. The intangible assets of $ 28.7 million consist primarily of customer relationships, developed technology, a tradename and backlog and will be amortized over a weighted average period of approximately 14 years. All of the goodwill is expected to be deductible for tax purposes. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
EIG”) for a cash purchase price of approximately $ 60 million, net of cash acquired, subject to customary purchase price adjustments. EIG offers fully integrated energy management and power quality monitoring solutions for the electric utility and commercial & industrial markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 28.7 million and goodwill of $ 23.3 million as a result of this acquisition. The intangible assets of $ 28.7 million consist primarily of customer relationships, developed technology, a tradename and backlog and will be amortized over a weighted average period of approximately 14 years. All of the goodwill is expected to be deductible for tax purposes. | text | 28.7 | monetaryItemType | text: <entity> 28.7 </entity> <entity type> monetaryItemType </entity type> <context> EIG”) for a cash purchase price of approximately $ 60 million, net of cash acquired, subject to customary purchase price adjustments. EIG offers fully integrated energy management and power quality monitoring solutions for the electric utility and commercial & industrial markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 28.7 million and goodwill of $ 23.3 million as a result of this acquisition. The intangible assets of $ 28.7 million consist primarily of customer relationships, developed technology, a tradename and backlog and will be amortized over a weighted average period of approximately 14 years. All of the goodwill is expected to be deductible for tax purposes. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill |
EIG”) for a cash purchase price of approximately $ 60 million, net of cash acquired, subject to customary purchase price adjustments. EIG offers fully integrated energy management and power quality monitoring solutions for the electric utility and commercial & industrial markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 28.7 million and goodwill of $ 23.3 million as a result of this acquisition. The intangible assets of $ 28.7 million consist primarily of customer relationships, developed technology, a tradename and backlog and will be amortized over a weighted average period of approximately 14 years. All of the goodwill is expected to be deductible for tax purposes. | text | 23.3 | monetaryItemType | text: <entity> 23.3 </entity> <entity type> monetaryItemType </entity type> <context> EIG”) for a cash purchase price of approximately $ 60 million, net of cash acquired, subject to customary purchase price adjustments. EIG offers fully integrated energy management and power quality monitoring solutions for the electric utility and commercial & industrial markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 28.7 million and goodwill of $ 23.3 million as a result of this acquisition. The intangible assets of $ 28.7 million consist primarily of customer relationships, developed technology, a tradename and backlog and will be amortized over a weighted average period of approximately 14 years. All of the goodwill is expected to be deductible for tax purposes. </context> | us-gaap:Goodwill |
Cash used for the acquisition of businesses, net of cash acquired as reported in the Consolidated Statement of Cash Flows for the year ended December 31, 2023 is $ 1,211.7 million and net working capital settlements relating to acquisitions completed in previous years resulted in $ 5.9 million of cash receipts for the year ended December 31, 2024. These amounts exclude approximately $ 7.2 million of deferred purchase price related to the Balestro acquisition. | text | 1211.7 | monetaryItemType | text: <entity> 1211.7 </entity> <entity type> monetaryItemType </entity type> <context> Cash used for the acquisition of businesses, net of cash acquired as reported in the Consolidated Statement of Cash Flows for the year ended December 31, 2023 is $ 1,211.7 million and net working capital settlements relating to acquisitions completed in previous years resulted in $ 5.9 million of cash receipts for the year ended December 31, 2024. These amounts exclude approximately $ 7.2 million of deferred purchase price related to the Balestro acquisition. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
Cash used for the acquisition of businesses, net of cash acquired as reported in the Consolidated Statement of Cash Flows for the year ended December 31, 2023 is $ 1,211.7 million and net working capital settlements relating to acquisitions completed in previous years resulted in $ 5.9 million of cash receipts for the year ended December 31, 2024. These amounts exclude approximately $ 7.2 million of deferred purchase price related to the Balestro acquisition. | text | 5.9 | monetaryItemType | text: <entity> 5.9 </entity> <entity type> monetaryItemType </entity type> <context> Cash used for the acquisition of businesses, net of cash acquired as reported in the Consolidated Statement of Cash Flows for the year ended December 31, 2023 is $ 1,211.7 million and net working capital settlements relating to acquisitions completed in previous years resulted in $ 5.9 million of cash receipts for the year ended December 31, 2024. These amounts exclude approximately $ 7.2 million of deferred purchase price related to the Balestro acquisition. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
s consolidated financial statements for the period subsequent to the completion of the acquisitions on their respective dates. Acquisitions contributed sales of approximately $ 41.4 million and operating income of approximately $ 0.0 million , before any transaction costs described below, for the period from the completion of the acquisitions through December 31, 2023. | text | 41.4 | monetaryItemType | text: <entity> 41.4 </entity> <entity type> monetaryItemType </entity type> <context> s consolidated financial statements for the period subsequent to the completion of the acquisitions on their respective dates. Acquisitions contributed sales of approximately $ 41.4 million and operating income of approximately $ 0.0 million , before any transaction costs described below, for the period from the completion of the acquisitions through December 31, 2023. </context> | us-gaap:BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual |
s consolidated financial statements for the period subsequent to the completion of the acquisitions on their respective dates. Acquisitions contributed sales of approximately $ 41.4 million and operating income of approximately $ 0.0 million , before any transaction costs described below, for the period from the completion of the acquisitions through December 31, 2023. | text | 0.0 million | monetaryItemType | text: <entity> 0.0 million </entity> <entity type> monetaryItemType </entity type> <context> s consolidated financial statements for the period subsequent to the completion of the acquisitions on their respective dates. Acquisitions contributed sales of approximately $ 41.4 million and operating income of approximately $ 0.0 million , before any transaction costs described below, for the period from the completion of the acquisitions through December 31, 2023. </context> | us-gaap:BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual |
In December 2023, the Company entered into a definitive agreement to sell its residential lighting business for a cash purchase price of $ 131 million, subject to customary adjustments. The Company concluded the business met the criteria for classification as held for sale in the fourth quarter of 2023. The residential lighting business is reported with the Electrical Solutions Segment. The transaction closed in the first quarter of 2024 and the Company recorded a pre-tax loss on the sale of $ 5.3 million, which is recorded within Total other expense in the Company | text | 131 | monetaryItemType | text: <entity> 131 </entity> <entity type> monetaryItemType </entity type> <context> In December 2023, the Company entered into a definitive agreement to sell its residential lighting business for a cash purchase price of $ 131 million, subject to customary adjustments. The Company concluded the business met the criteria for classification as held for sale in the fourth quarter of 2023. The residential lighting business is reported with the Electrical Solutions Segment. The transaction closed in the first quarter of 2024 and the Company recorded a pre-tax loss on the sale of $ 5.3 million, which is recorded within Total other expense in the Company </context> | us-gaap:ProceedsFromDivestitureOfBusinesses |
In December 2023, the Company entered into a definitive agreement to sell its residential lighting business for a cash purchase price of $ 131 million, subject to customary adjustments. The Company concluded the business met the criteria for classification as held for sale in the fourth quarter of 2023. The residential lighting business is reported with the Electrical Solutions Segment. The transaction closed in the first quarter of 2024 and the Company recorded a pre-tax loss on the sale of $ 5.3 million, which is recorded within Total other expense in the Company | text | 5.3 | monetaryItemType | text: <entity> 5.3 </entity> <entity type> monetaryItemType </entity type> <context> In December 2023, the Company entered into a definitive agreement to sell its residential lighting business for a cash purchase price of $ 131 million, subject to customary adjustments. The Company concluded the business met the criteria for classification as held for sale in the fourth quarter of 2023. The residential lighting business is reported with the Electrical Solutions Segment. The transaction closed in the first quarter of 2024 and the Company recorded a pre-tax loss on the sale of $ 5.3 million, which is recorded within Total other expense in the Company </context> | us-gaap:GainLossOnSaleOfBusiness |
In the third quarter of 2022, the Company acquired all of the issued and outstanding membership interests of PCX Holdings LLC (“PCX”) for a cash purchase price of approximately $ 112.8 million, net of cash acquired. PCX is a leading designer and manufacturer of factory built modular power solutions for applications in the data center market. This business is reported in the Electrical Solutions segment. We recognized intangible assets of $ 49.1 million and goodwill of $ 77.7 million as a result of this acquisition. The intangible assets of $ 49.1 million consist primarily of customer relationships, backlog and a tradename and will be amortized over a weighted average period of approximately 11 years. All of the goodwill is expected to be deductible for tax purposes. | text | 112.8 | monetaryItemType | text: <entity> 112.8 </entity> <entity type> monetaryItemType </entity type> <context> In the third quarter of 2022, the Company acquired all of the issued and outstanding membership interests of PCX Holdings LLC (“PCX”) for a cash purchase price of approximately $ 112.8 million, net of cash acquired. PCX is a leading designer and manufacturer of factory built modular power solutions for applications in the data center market. This business is reported in the Electrical Solutions segment. We recognized intangible assets of $ 49.1 million and goodwill of $ 77.7 million as a result of this acquisition. The intangible assets of $ 49.1 million consist primarily of customer relationships, backlog and a tradename and will be amortized over a weighted average period of approximately 11 years. All of the goodwill is expected to be deductible for tax purposes. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
In the third quarter of 2022, the Company acquired all of the issued and outstanding membership interests of PCX Holdings LLC (“PCX”) for a cash purchase price of approximately $ 112.8 million, net of cash acquired. PCX is a leading designer and manufacturer of factory built modular power solutions for applications in the data center market. This business is reported in the Electrical Solutions segment. We recognized intangible assets of $ 49.1 million and goodwill of $ 77.7 million as a result of this acquisition. The intangible assets of $ 49.1 million consist primarily of customer relationships, backlog and a tradename and will be amortized over a weighted average period of approximately 11 years. All of the goodwill is expected to be deductible for tax purposes. | text | 49.1 | monetaryItemType | text: <entity> 49.1 </entity> <entity type> monetaryItemType </entity type> <context> In the third quarter of 2022, the Company acquired all of the issued and outstanding membership interests of PCX Holdings LLC (“PCX”) for a cash purchase price of approximately $ 112.8 million, net of cash acquired. PCX is a leading designer and manufacturer of factory built modular power solutions for applications in the data center market. This business is reported in the Electrical Solutions segment. We recognized intangible assets of $ 49.1 million and goodwill of $ 77.7 million as a result of this acquisition. The intangible assets of $ 49.1 million consist primarily of customer relationships, backlog and a tradename and will be amortized over a weighted average period of approximately 11 years. All of the goodwill is expected to be deductible for tax purposes. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill |
In the third quarter of 2022, the Company acquired all of the issued and outstanding membership interests of PCX Holdings LLC (“PCX”) for a cash purchase price of approximately $ 112.8 million, net of cash acquired. PCX is a leading designer and manufacturer of factory built modular power solutions for applications in the data center market. This business is reported in the Electrical Solutions segment. We recognized intangible assets of $ 49.1 million and goodwill of $ 77.7 million as a result of this acquisition. The intangible assets of $ 49.1 million consist primarily of customer relationships, backlog and a tradename and will be amortized over a weighted average period of approximately 11 years. All of the goodwill is expected to be deductible for tax purposes. | text | 77.7 | monetaryItemType | text: <entity> 77.7 </entity> <entity type> monetaryItemType </entity type> <context> In the third quarter of 2022, the Company acquired all of the issued and outstanding membership interests of PCX Holdings LLC (“PCX”) for a cash purchase price of approximately $ 112.8 million, net of cash acquired. PCX is a leading designer and manufacturer of factory built modular power solutions for applications in the data center market. This business is reported in the Electrical Solutions segment. We recognized intangible assets of $ 49.1 million and goodwill of $ 77.7 million as a result of this acquisition. The intangible assets of $ 49.1 million consist primarily of customer relationships, backlog and a tradename and will be amortized over a weighted average period of approximately 11 years. All of the goodwill is expected to be deductible for tax purposes. </context> | us-gaap:Goodwill |
In the third quarter of 2022, the Company also acquired all of the issued and outstanding membership interests of Ripley Tools, LLC and Nooks Hill Road, LLC (collectively, “Ripley Tools”) for a cash purchase price of approximately $ 50.1 million, net of cash acquired. Ripley Tools is a leading manufacturer of cable and fiber prep tools and test equipment that services both the utility and communications markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 18.2 million and goodwill of $ 25.0 million as a result of this acquisition. The intangible assets of $ 18.2 million consist primarily of customer relationships and a tradename, and will be amortized over a weighted average period of approximately 16 years. Substantially all of the goodwill is expected to be deductible for tax purposes. | text | 50.1 | monetaryItemType | text: <entity> 50.1 </entity> <entity type> monetaryItemType </entity type> <context> In the third quarter of 2022, the Company also acquired all of the issued and outstanding membership interests of Ripley Tools, LLC and Nooks Hill Road, LLC (collectively, “Ripley Tools”) for a cash purchase price of approximately $ 50.1 million, net of cash acquired. Ripley Tools is a leading manufacturer of cable and fiber prep tools and test equipment that services both the utility and communications markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 18.2 million and goodwill of $ 25.0 million as a result of this acquisition. The intangible assets of $ 18.2 million consist primarily of customer relationships and a tradename, and will be amortized over a weighted average period of approximately 16 years. Substantially all of the goodwill is expected to be deductible for tax purposes. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
In the third quarter of 2022, the Company also acquired all of the issued and outstanding membership interests of Ripley Tools, LLC and Nooks Hill Road, LLC (collectively, “Ripley Tools”) for a cash purchase price of approximately $ 50.1 million, net of cash acquired. Ripley Tools is a leading manufacturer of cable and fiber prep tools and test equipment that services both the utility and communications markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 18.2 million and goodwill of $ 25.0 million as a result of this acquisition. The intangible assets of $ 18.2 million consist primarily of customer relationships and a tradename, and will be amortized over a weighted average period of approximately 16 years. Substantially all of the goodwill is expected to be deductible for tax purposes. | text | 18.2 | monetaryItemType | text: <entity> 18.2 </entity> <entity type> monetaryItemType </entity type> <context> In the third quarter of 2022, the Company also acquired all of the issued and outstanding membership interests of Ripley Tools, LLC and Nooks Hill Road, LLC (collectively, “Ripley Tools”) for a cash purchase price of approximately $ 50.1 million, net of cash acquired. Ripley Tools is a leading manufacturer of cable and fiber prep tools and test equipment that services both the utility and communications markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 18.2 million and goodwill of $ 25.0 million as a result of this acquisition. The intangible assets of $ 18.2 million consist primarily of customer relationships and a tradename, and will be amortized over a weighted average period of approximately 16 years. Substantially all of the goodwill is expected to be deductible for tax purposes. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill |
In the third quarter of 2022, the Company also acquired all of the issued and outstanding membership interests of Ripley Tools, LLC and Nooks Hill Road, LLC (collectively, “Ripley Tools”) for a cash purchase price of approximately $ 50.1 million, net of cash acquired. Ripley Tools is a leading manufacturer of cable and fiber prep tools and test equipment that services both the utility and communications markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 18.2 million and goodwill of $ 25.0 million as a result of this acquisition. The intangible assets of $ 18.2 million consist primarily of customer relationships and a tradename, and will be amortized over a weighted average period of approximately 16 years. Substantially all of the goodwill is expected to be deductible for tax purposes. | text | 25.0 | monetaryItemType | text: <entity> 25.0 </entity> <entity type> monetaryItemType </entity type> <context> In the third quarter of 2022, the Company also acquired all of the issued and outstanding membership interests of Ripley Tools, LLC and Nooks Hill Road, LLC (collectively, “Ripley Tools”) for a cash purchase price of approximately $ 50.1 million, net of cash acquired. Ripley Tools is a leading manufacturer of cable and fiber prep tools and test equipment that services both the utility and communications markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 18.2 million and goodwill of $ 25.0 million as a result of this acquisition. The intangible assets of $ 18.2 million consist primarily of customer relationships and a tradename, and will be amortized over a weighted average period of approximately 16 years. Substantially all of the goodwill is expected to be deductible for tax purposes. </context> | us-gaap:Goodwill |
In the fourth quarter of 2022, the Company also acquired all of the issued and outstanding equity interests of REF Automation Limited and REF Alabama Inc. (collectively “REF”) for a cash purchase price of $ 14.1 million, net of cash acquired, subject to customary purchase price adjustments. REF designs and manufactures electrical power components utilizing high-volume precision machining, as well as custom fabricated structural products and assemblies for the OEM, industrial and renewables markets. This business is reported in the Electrical Solutions segments. We recognized goodwill | text | 14.1 | monetaryItemType | text: <entity> 14.1 </entity> <entity type> monetaryItemType </entity type> <context> In the fourth quarter of 2022, the Company also acquired all of the issued and outstanding equity interests of REF Automation Limited and REF Alabama Inc. (collectively “REF”) for a cash purchase price of $ 14.1 million, net of cash acquired, subject to customary purchase price adjustments. REF designs and manufactures electrical power components utilizing high-volume precision machining, as well as custom fabricated structural products and assemblies for the OEM, industrial and renewables markets. This business is reported in the Electrical Solutions segments. We recognized goodwill </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
of $ 12.0 million as a r | text | 12.0 | monetaryItemType | text: <entity> 12.0 </entity> <entity type> monetaryItemType </entity type> <context> of $ 12.0 million as a r </context> | us-gaap:Goodwill |
esult of the acquisition. None of the goodwill associated with this acquisition is expected to be deductible for tax purposes. | text | None | monetaryItemType | text: <entity> None </entity> <entity type> monetaryItemType </entity type> <context> esult of the acquisition. None of the goodwill associated with this acquisition is expected to be deductible for tax purposes. </context> | us-gaap:BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount |
Amortization expense associated with these definite-lived intangible assets was $ 116.6 million, $ 73.5 million and $ 75.7 million in 2024, 2023 and 2022, respectively | text | 116.6 | monetaryItemType | text: <entity> 116.6 </entity> <entity type> monetaryItemType </entity type> <context> Amortization expense associated with these definite-lived intangible assets was $ 116.6 million, $ 73.5 million and $ 75.7 million in 2024, 2023 and 2022, respectively </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization expense associated with these definite-lived intangible assets was $ 116.6 million, $ 73.5 million and $ 75.7 million in 2024, 2023 and 2022, respectively | text | 73.5 | monetaryItemType | text: <entity> 73.5 </entity> <entity type> monetaryItemType </entity type> <context> Amortization expense associated with these definite-lived intangible assets was $ 116.6 million, $ 73.5 million and $ 75.7 million in 2024, 2023 and 2022, respectively </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization expense associated with these definite-lived intangible assets was $ 116.6 million, $ 73.5 million and $ 75.7 million in 2024, 2023 and 2022, respectively | text | 75.7 | monetaryItemType | text: <entity> 75.7 </entity> <entity type> monetaryItemType </entity type> <context> Amortization expense associated with these definite-lived intangible assets was $ 116.6 million, $ 73.5 million and $ 75.7 million in 2024, 2023 and 2022, respectively </context> | us-gaap:AmortizationOfIntangibleAssets |
At December 31, 2024 and December 31, 2023, the Company held investments classified as available-for-sale and investments classified as trading securities. Investments classified as available-for-sale consisted of municipal bonds with an amortized cost basis of $ 70.1 million as of December 31, 2024. Investments classified as trading securities were composed primarily of debt and equity mutual funds and are stated at fair market value based on current quotes. | text | 70.1 | monetaryItemType | text: <entity> 70.1 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and December 31, 2023, the Company held investments classified as available-for-sale and investments classified as trading securities. Investments classified as available-for-sale consisted of municipal bonds with an amortized cost basis of $ 70.1 million as of December 31, 2024. Investments classified as trading securities were composed primarily of debt and equity mutual funds and are stated at fair market value based on current quotes. </context> | us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis |
$ 0.6 million for the year ended December 31, 2024 and 2023, respectively. These net unrealized gains/(losses) are included in Accumulated other comprehensive loss, net of tax. Net unrealized gains relating to trading securities have been reflected in the results of operations. The Company uses the specific identification method when identifying the cost basis used to calculate the gain or loss on these securities. Gains and losses for both available-for-sale and trading securities were not material in 2024, 2023 and 2022. | text | 0.6 | monetaryItemType | text: <entity> 0.6 </entity> <entity type> monetaryItemType </entity type> <context> $ 0.6 million for the year ended December 31, 2024 and 2023, respectively. These net unrealized gains/(losses) are included in Accumulated other comprehensive loss, net of tax. Net unrealized gains relating to trading securities have been reflected in the results of operations. The Company uses the specific identification method when identifying the cost basis used to calculate the gain or loss on these securities. Gains and losses for both available-for-sale and trading securities were not material in 2024, 2023 and 2022. </context> | us-gaap:OtherComprehensiveIncomeLossNetOfTax |
At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. | text | 69.6 | monetaryItemType | text: <entity> 69.6 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. </context> | us-gaap:AvailableForSaleSecuritiesDebtSecurities |
At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. | text | 65.0 | monetaryItemType | text: <entity> 65.0 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. </context> | us-gaap:AvailableForSaleSecuritiesDebtSecurities |
At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. | text | 70.1 | monetaryItemType | text: <entity> 70.1 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. </context> | us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis |
At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. | text | 65.3 | monetaryItemType | text: <entity> 65.3 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. </context> | us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis |
At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. | text | No | monetaryItemType | text: <entity> No </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. </context> | us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss |
At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. | text | 0.6 | monetaryItemType | text: <entity> 0.6 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. </context> | us-gaap:AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax |
At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. | text | 40.5 | monetaryItemType | text: <entity> 40.5 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. </context> | us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPosition |
At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. | text | 34.5 | monetaryItemType | text: <entity> 34.5 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and December 31, 2023, the Company had $ 69.6 million and $ 65.0 million, respectively, of available-for-sale municipal debt securities. These investments had an amortized cost of $ 70.1 million and $ 65.3 million, respectively. No allowance for credit losses related to our available-for-sale debt securities was recorded for the twelve months ended December 31, 2024. As of December 31, 2024 and December 31, 2023 the unrealized losses attributable to our available-for-sale debt securities was $ 0.6 million and $ 0.6 million, respectively. The fair value of available-for-sale debt securities with unrealized losses was $ 40.5 million at December 31, 2024 and $ 34.5 million at December 31, 2023. </context> | us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPosition |
years. Depreciable lives on machinery, tools, and equipment range between 3 - 15 years. The Company recorded depreciation expense of $ 81.3 million, $ 71.9 million and $ 63.4 million for 2024, 2023 and 2022, respectively. | text | 81.3 | monetaryItemType | text: <entity> 81.3 </entity> <entity type> monetaryItemType </entity type> <context> years. Depreciable lives on machinery, tools, and equipment range between 3 - 15 years. The Company recorded depreciation expense of $ 81.3 million, $ 71.9 million and $ 63.4 million for 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
years. Depreciable lives on machinery, tools, and equipment range between 3 - 15 years. The Company recorded depreciation expense of $ 81.3 million, $ 71.9 million and $ 63.4 million for 2024, 2023 and 2022, respectively. | text | 71.9 | monetaryItemType | text: <entity> 71.9 </entity> <entity type> monetaryItemType </entity type> <context> years. Depreciable lives on machinery, tools, and equipment range between 3 - 15 years. The Company recorded depreciation expense of $ 81.3 million, $ 71.9 million and $ 63.4 million for 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
years. Depreciable lives on machinery, tools, and equipment range between 3 - 15 years. The Company recorded depreciation expense of $ 81.3 million, $ 71.9 million and $ 63.4 million for 2024, 2023 and 2022, respectively. | text | 63.4 | monetaryItemType | text: <entity> 63.4 </entity> <entity type> monetaryItemType </entity type> <context> years. Depreciable lives on machinery, tools, and equipment range between 3 - 15 years. The Company recorded depreciation expense of $ 81.3 million, $ 71.9 million and $ 63.4 million for 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
In 2022, the Company recognized a settlement loss in continuing operations relating to retirees that elected to receive lump-sum distributions from the Company’s defined benefit pension plans of $ 7.0 million. This charge was the result of lump-sum payments which exceeded the threshold for settlement accounting under U.S. GAAP | text | 7.0 | monetaryItemType | text: <entity> 7.0 </entity> <entity type> monetaryItemType </entity type> <context> In 2022, the Company recognized a settlement loss in continuing operations relating to retirees that elected to receive lump-sum distributions from the Company’s defined benefit pension plans of $ 7.0 million. This charge was the result of lump-sum payments which exceeded the threshold for settlement accounting under U.S. GAAP </context> | us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost |
The Company’s U.S. defined benefit pension plans were approximately 90 % of the $ 657.1 million total pension benefit obligations at December 31, 2024. | text | 657.1 | monetaryItemType | text: <entity> 657.1 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s U.S. defined benefit pension plans were approximately 90 % of the $ 657.1 million total pension benefit obligations at December 31, 2024. </context> | us-gaap:DefinedBenefitPlanBenefitObligation |
The accumulated benefit obligation for all defined benefit pension plans was $ 657.1 million and $ 674.9 million at December 31, 2024 and 2023, respectively. Information with respect to plans with accumulated benefit obligations in excess of plan assets is as follows, (in millions): | text | 657.1 | monetaryItemType | text: <entity> 657.1 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation for all defined benefit pension plans was $ 657.1 million and $ 674.9 million at December 31, 2024 and 2023, respectively. Information with respect to plans with accumulated benefit obligations in excess of plan assets is as follows, (in millions): </context> | us-gaap:DefinedBenefitPlanBenefitObligation |
The accumulated benefit obligation for all defined benefit pension plans was $ 657.1 million and $ 674.9 million at December 31, 2024 and 2023, respectively. Information with respect to plans with accumulated benefit obligations in excess of plan assets is as follows, (in millions): | text | 674.9 | monetaryItemType | text: <entity> 674.9 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation for all defined benefit pension plans was $ 657.1 million and $ 674.9 million at December 31, 2024 and 2023, respectively. Information with respect to plans with accumulated benefit obligations in excess of plan assets is as follows, (in millions): </context> | us-gaap:DefinedBenefitPlanBenefitObligation |
During 2022, the Company recognized $ 7.0 million of settlement losses in continuing operations and $ 1.8 million of settlement losses in discontinued operations. Those settlement losses are the result of lump-sum distributions from the Company’s defined benefit pension plans which exceeded the threshold for settlement accounting under U.S. GAAP for the year. | text | 7.0 | monetaryItemType | text: <entity> 7.0 </entity> <entity type> monetaryItemType </entity type> <context> During 2022, the Company recognized $ 7.0 million of settlement losses in continuing operations and $ 1.8 million of settlement losses in discontinued operations. Those settlement losses are the result of lump-sum distributions from the Company’s defined benefit pension plans which exceeded the threshold for settlement accounting under U.S. GAAP for the year. </context> | us-gaap:DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1 |
During 2022, the Company recognized $ 7.0 million of settlement losses in continuing operations and $ 1.8 million of settlement losses in discontinued operations. Those settlement losses are the result of lump-sum distributions from the Company’s defined benefit pension plans which exceeded the threshold for settlement accounting under U.S. GAAP for the year. | text | 1.8 | monetaryItemType | text: <entity> 1.8 </entity> <entity type> monetaryItemType </entity type> <context> During 2022, the Company recognized $ 7.0 million of settlement losses in continuing operations and $ 1.8 million of settlement losses in discontinued operations. Those settlement losses are the result of lump-sum distributions from the Company’s defined benefit pension plans which exceeded the threshold for settlement accounting under U.S. GAAP for the year. </context> | us-gaap:DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1 |
s defined contribution plans was $ 36.7 million in 2024, $ 32.3 million in 2023 and $ 25.8 million in 2022, excluding the employer match for the 401(k) plan. This cost is not included in the above net periodic benefit cost for the defined benefit pension plans. | text | 36.7 | monetaryItemType | text: <entity> 36.7 </entity> <entity type> monetaryItemType </entity type> <context> s defined contribution plans was $ 36.7 million in 2024, $ 32.3 million in 2023 and $ 25.8 million in 2022, excluding the employer match for the 401(k) plan. This cost is not included in the above net periodic benefit cost for the defined benefit pension plans. </context> | us-gaap:DefinedContributionPlanCostRecognized |
s defined contribution plans was $ 36.7 million in 2024, $ 32.3 million in 2023 and $ 25.8 million in 2022, excluding the employer match for the 401(k) plan. This cost is not included in the above net periodic benefit cost for the defined benefit pension plans. | text | 32.3 | monetaryItemType | text: <entity> 32.3 </entity> <entity type> monetaryItemType </entity type> <context> s defined contribution plans was $ 36.7 million in 2024, $ 32.3 million in 2023 and $ 25.8 million in 2022, excluding the employer match for the 401(k) plan. This cost is not included in the above net periodic benefit cost for the defined benefit pension plans. </context> | us-gaap:DefinedContributionPlanCostRecognized |
s defined contribution plans was $ 36.7 million in 2024, $ 32.3 million in 2023 and $ 25.8 million in 2022, excluding the employer match for the 401(k) plan. This cost is not included in the above net periodic benefit cost for the defined benefit pension plans. | text | 25.8 | monetaryItemType | text: <entity> 25.8 </entity> <entity type> monetaryItemType </entity type> <context> s defined contribution plans was $ 36.7 million in 2024, $ 32.3 million in 2023 and $ 25.8 million in 2022, excluding the employer match for the 401(k) plan. This cost is not included in the above net periodic benefit cost for the defined benefit pension plans. </context> | us-gaap:DefinedContributionPlanCostRecognized |
In 2022 the Company participated in one multi-employer defined benefit pension plan. The Company’s total contributions while participating in this plan was $ 0.2 million in 2022. As of December 31, 2024 the Company was not an active participant in any multi-employer pension plans. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> In 2022 the Company participated in one multi-employer defined benefit pension plan. The Company’s total contributions while participating in this plan was $ 0.2 million in 2022. As of December 31, 2024 the Company was not an active participant in any multi-employer pension plans. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
The Company also determines the discount rate to be used to calculate the present value of pension plan liabilities at the end of each year. The discount rate for the Company’s U.S. and Canadian pension plans is determined by matching the expected cash flows associated with its benefit obligations to the expected cash flows of a hypothetical portfolio of high quality, fixed income debt instruments with maturities that closely match the expected funding period of its pension liabilities. As of December 31, 2024, the Company used a discount rate of 5.60 % for its U.S. pension plans compared to a discount rate of 5.20 % used in 2023. For its Canadian pension plan, the Company used a discount rate of 4.58 % as of December 31, 2024 compared to a 4.61 % discount rate used in 2023. | text | 5.60 | percentItemType | text: <entity> 5.60 </entity> <entity type> percentItemType </entity type> <context> The Company also determines the discount rate to be used to calculate the present value of pension plan liabilities at the end of each year. The discount rate for the Company’s U.S. and Canadian pension plans is determined by matching the expected cash flows associated with its benefit obligations to the expected cash flows of a hypothetical portfolio of high quality, fixed income debt instruments with maturities that closely match the expected funding period of its pension liabilities. As of December 31, 2024, the Company used a discount rate of 5.60 % for its U.S. pension plans compared to a discount rate of 5.20 % used in 2023. For its Canadian pension plan, the Company used a discount rate of 4.58 % as of December 31, 2024 compared to a 4.61 % discount rate used in 2023. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The Company also determines the discount rate to be used to calculate the present value of pension plan liabilities at the end of each year. The discount rate for the Company’s U.S. and Canadian pension plans is determined by matching the expected cash flows associated with its benefit obligations to the expected cash flows of a hypothetical portfolio of high quality, fixed income debt instruments with maturities that closely match the expected funding period of its pension liabilities. As of December 31, 2024, the Company used a discount rate of 5.60 % for its U.S. pension plans compared to a discount rate of 5.20 % used in 2023. For its Canadian pension plan, the Company used a discount rate of 4.58 % as of December 31, 2024 compared to a 4.61 % discount rate used in 2023. | text | 5.20 | percentItemType | text: <entity> 5.20 </entity> <entity type> percentItemType </entity type> <context> The Company also determines the discount rate to be used to calculate the present value of pension plan liabilities at the end of each year. The discount rate for the Company’s U.S. and Canadian pension plans is determined by matching the expected cash flows associated with its benefit obligations to the expected cash flows of a hypothetical portfolio of high quality, fixed income debt instruments with maturities that closely match the expected funding period of its pension liabilities. As of December 31, 2024, the Company used a discount rate of 5.60 % for its U.S. pension plans compared to a discount rate of 5.20 % used in 2023. For its Canadian pension plan, the Company used a discount rate of 4.58 % as of December 31, 2024 compared to a 4.61 % discount rate used in 2023. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The Company also determines the discount rate to be used to calculate the present value of pension plan liabilities at the end of each year. The discount rate for the Company’s U.S. and Canadian pension plans is determined by matching the expected cash flows associated with its benefit obligations to the expected cash flows of a hypothetical portfolio of high quality, fixed income debt instruments with maturities that closely match the expected funding period of its pension liabilities. As of December 31, 2024, the Company used a discount rate of 5.60 % for its U.S. pension plans compared to a discount rate of 5.20 % used in 2023. For its Canadian pension plan, the Company used a discount rate of 4.58 % as of December 31, 2024 compared to a 4.61 % discount rate used in 2023. | text | 4.58 | percentItemType | text: <entity> 4.58 </entity> <entity type> percentItemType </entity type> <context> The Company also determines the discount rate to be used to calculate the present value of pension plan liabilities at the end of each year. The discount rate for the Company’s U.S. and Canadian pension plans is determined by matching the expected cash flows associated with its benefit obligations to the expected cash flows of a hypothetical portfolio of high quality, fixed income debt instruments with maturities that closely match the expected funding period of its pension liabilities. As of December 31, 2024, the Company used a discount rate of 5.60 % for its U.S. pension plans compared to a discount rate of 5.20 % used in 2023. For its Canadian pension plan, the Company used a discount rate of 4.58 % as of December 31, 2024 compared to a 4.61 % discount rate used in 2023. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The Company also determines the discount rate to be used to calculate the present value of pension plan liabilities at the end of each year. The discount rate for the Company’s U.S. and Canadian pension plans is determined by matching the expected cash flows associated with its benefit obligations to the expected cash flows of a hypothetical portfolio of high quality, fixed income debt instruments with maturities that closely match the expected funding period of its pension liabilities. As of December 31, 2024, the Company used a discount rate of 5.60 % for its U.S. pension plans compared to a discount rate of 5.20 % used in 2023. For its Canadian pension plan, the Company used a discount rate of 4.58 % as of December 31, 2024 compared to a 4.61 % discount rate used in 2023. | text | 4.61 | percentItemType | text: <entity> 4.61 </entity> <entity type> percentItemType </entity type> <context> The Company also determines the discount rate to be used to calculate the present value of pension plan liabilities at the end of each year. The discount rate for the Company’s U.S. and Canadian pension plans is determined by matching the expected cash flows associated with its benefit obligations to the expected cash flows of a hypothetical portfolio of high quality, fixed income debt instruments with maturities that closely match the expected funding period of its pension liabilities. As of December 31, 2024, the Company used a discount rate of 5.60 % for its U.S. pension plans compared to a discount rate of 5.20 % used in 2023. For its Canadian pension plan, the Company used a discount rate of 4.58 % as of December 31, 2024 compared to a 4.61 % discount rate used in 2023. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
For its UK pension plan the discount rate was derived using a full yield curve and uses plan specific cash flows. The derived discount rate is the single discount rate equivalent to discounting these liability cash flows at the term-dependent spot rate of AA corporate bonds. This methodology resulted in a December 31, 2024 discount rate for the UK pension plan of 5.60 % as compared to a discount rate of 4.80 % used in 2023. | text | 5.60 | percentItemType | text: <entity> 5.60 </entity> <entity type> percentItemType </entity type> <context> For its UK pension plan the discount rate was derived using a full yield curve and uses plan specific cash flows. The derived discount rate is the single discount rate equivalent to discounting these liability cash flows at the term-dependent spot rate of AA corporate bonds. This methodology resulted in a December 31, 2024 discount rate for the UK pension plan of 5.60 % as compared to a discount rate of 4.80 % used in 2023. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
For its UK pension plan the discount rate was derived using a full yield curve and uses plan specific cash flows. The derived discount rate is the single discount rate equivalent to discounting these liability cash flows at the term-dependent spot rate of AA corporate bonds. This methodology resulted in a December 31, 2024 discount rate for the UK pension plan of 5.60 % as compared to a discount rate of 4.80 % used in 2023. | text | 4.80 | percentItemType | text: <entity> 4.80 </entity> <entity type> percentItemType </entity type> <context> For its UK pension plan the discount rate was derived using a full yield curve and uses plan specific cash flows. The derived discount rate is the single discount rate equivalent to discounting these liability cash flows at the term-dependent spot rate of AA corporate bonds. This methodology resulted in a December 31, 2024 discount rate for the UK pension plan of 5.60 % as compared to a discount rate of 4.80 % used in 2023. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The Company contributed $ 10.0 million and $ 2.5 million to its U.S. and foreign qualified plans, respectively, in 2022 and the Company contributed $ 20.0 million to its U.S. qualified plans in 2023. The Company contributed $ 1.3 million to its foreign qualified plans in 2024 and made a $ 20.0 million contribution to its U.S. qualified plans in January of 2025. | text | 10.0 | monetaryItemType | text: <entity> 10.0 </entity> <entity type> monetaryItemType </entity type> <context> The Company contributed $ 10.0 million and $ 2.5 million to its U.S. and foreign qualified plans, respectively, in 2022 and the Company contributed $ 20.0 million to its U.S. qualified plans in 2023. The Company contributed $ 1.3 million to its foreign qualified plans in 2024 and made a $ 20.0 million contribution to its U.S. qualified plans in January of 2025. </context> | us-gaap:DefinedBenefitPlanContributionsByEmployer |
The Company contributed $ 10.0 million and $ 2.5 million to its U.S. and foreign qualified plans, respectively, in 2022 and the Company contributed $ 20.0 million to its U.S. qualified plans in 2023. The Company contributed $ 1.3 million to its foreign qualified plans in 2024 and made a $ 20.0 million contribution to its U.S. qualified plans in January of 2025. | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> The Company contributed $ 10.0 million and $ 2.5 million to its U.S. and foreign qualified plans, respectively, in 2022 and the Company contributed $ 20.0 million to its U.S. qualified plans in 2023. The Company contributed $ 1.3 million to its foreign qualified plans in 2024 and made a $ 20.0 million contribution to its U.S. qualified plans in January of 2025. </context> | us-gaap:DefinedBenefitPlanContributionsByEmployer |
The Company contributed $ 10.0 million and $ 2.5 million to its U.S. and foreign qualified plans, respectively, in 2022 and the Company contributed $ 20.0 million to its U.S. qualified plans in 2023. The Company contributed $ 1.3 million to its foreign qualified plans in 2024 and made a $ 20.0 million contribution to its U.S. qualified plans in January of 2025. | text | 20.0 | monetaryItemType | text: <entity> 20.0 </entity> <entity type> monetaryItemType </entity type> <context> The Company contributed $ 10.0 million and $ 2.5 million to its U.S. and foreign qualified plans, respectively, in 2022 and the Company contributed $ 20.0 million to its U.S. qualified plans in 2023. The Company contributed $ 1.3 million to its foreign qualified plans in 2024 and made a $ 20.0 million contribution to its U.S. qualified plans in January of 2025. </context> | us-gaap:DefinedBenefitPlanContributionsByEmployer |
The Company contributed $ 10.0 million and $ 2.5 million to its U.S. and foreign qualified plans, respectively, in 2022 and the Company contributed $ 20.0 million to its U.S. qualified plans in 2023. The Company contributed $ 1.3 million to its foreign qualified plans in 2024 and made a $ 20.0 million contribution to its U.S. qualified plans in January of 2025. | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> The Company contributed $ 10.0 million and $ 2.5 million to its U.S. and foreign qualified plans, respectively, in 2022 and the Company contributed $ 20.0 million to its U.S. qualified plans in 2023. The Company contributed $ 1.3 million to its foreign qualified plans in 2024 and made a $ 20.0 million contribution to its U.S. qualified plans in January of 2025. </context> | us-gaap:DefinedBenefitPlanContributionsByEmployer |
) with a syndicate of lenders under which the Company borrowed $ 600 million on an unsecured basis to partially finance the Systems Control acquisition, which was completed on December 12, 2023. Borrowings under the Term Loan Agreement bore interest generally at either the adjusted term SOFR rate plus an applicable margin (determined by a ratings based grid) or the alternative base rate. The principal amount of borrowings under the Term Loan Agreement amortized in equal quarterly installments of 2.5 % in year one, 2.5 % in year two, and 5 % in year three, and the remaining borrowings under the Term Loan Agreement were due and payable in full at maturity in December 2026. The Company had the option to make principal payments in excess of the amortization schedule at its discretion; as such, during the fourth quarter of 2024, the Company repaid the remainder of the Term Loan and no balance was outstanding at December 31, 2024. | text | 600 | monetaryItemType | text: <entity> 600 </entity> <entity type> monetaryItemType </entity type> <context> ) with a syndicate of lenders under which the Company borrowed $ 600 million on an unsecured basis to partially finance the Systems Control acquisition, which was completed on December 12, 2023. Borrowings under the Term Loan Agreement bore interest generally at either the adjusted term SOFR rate plus an applicable margin (determined by a ratings based grid) or the alternative base rate. The principal amount of borrowings under the Term Loan Agreement amortized in equal quarterly installments of 2.5 % in year one, 2.5 % in year two, and 5 % in year three, and the remaining borrowings under the Term Loan Agreement were due and payable in full at maturity in December 2026. The Company had the option to make principal payments in excess of the amortization schedule at its discretion; as such, during the fourth quarter of 2024, the Company repaid the remainder of the Term Loan and no balance was outstanding at December 31, 2024. </context> | us-gaap:DebtInstrumentFaceAmount |
The Company, as borrower, and its subsidiaries Hubbell Power Holdings S.à r.l. and Harvey Hubbell Holdings S.à r.l., each as a subsidiary borrower (collectively, the “Subsidiary Borrowers”), are parties to a five-year credit agreement with a syndicate of lenders and JPMorgan Chase, N.A., as administrative agent, that provides a $ 750 million committed revolving credit facility (the | text | 750 | monetaryItemType | text: <entity> 750 </entity> <entity type> monetaryItemType </entity type> <context> The Company, as borrower, and its subsidiaries Hubbell Power Holdings S.à r.l. and Harvey Hubbell Holdings S.à r.l., each as a subsidiary borrower (collectively, the “Subsidiary Borrowers”), are parties to a five-year credit agreement with a syndicate of lenders and JPMorgan Chase, N.A., as administrative agent, that provides a $ 750 million committed revolving credit facility (the </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
), which matures on March 12, 2026. Commitments under the 2021 Credit Facility may be increased to an aggregate amount not to exceed $ 1.25 billion. The 2021 Credit Facility includes a $ 50 million sub-limit for the issuance of letters of credit. The sum of the dollar amount of loans and letters of credit to the Subsidiary Borrowers under the 2021 Credit Facility may not exceed $ 75 million. | text | 50 | monetaryItemType | text: <entity> 50 </entity> <entity type> monetaryItemType </entity type> <context> ), which matures on March 12, 2026. Commitments under the 2021 Credit Facility may be increased to an aggregate amount not to exceed $ 1.25 billion. The 2021 Credit Facility includes a $ 50 million sub-limit for the issuance of letters of credit. The sum of the dollar amount of loans and letters of credit to the Subsidiary Borrowers under the 2021 Credit Facility may not exceed $ 75 million. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
), which matures on March 12, 2026. Commitments under the 2021 Credit Facility may be increased to an aggregate amount not to exceed $ 1.25 billion. The 2021 Credit Facility includes a $ 50 million sub-limit for the issuance of letters of credit. The sum of the dollar amount of loans and letters of credit to the Subsidiary Borrowers under the 2021 Credit Facility may not exceed $ 75 million. | text | 75 | monetaryItemType | text: <entity> 75 </entity> <entity type> monetaryItemType </entity type> <context> ), which matures on March 12, 2026. Commitments under the 2021 Credit Facility may be increased to an aggregate amount not to exceed $ 1.25 billion. The 2021 Credit Facility includes a $ 50 million sub-limit for the issuance of letters of credit. The sum of the dollar amount of loans and letters of credit to the Subsidiary Borrowers under the 2021 Credit Facility may not exceed $ 75 million. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
On March 12, 2021, the Company completed a public offering of $ 300 million aggregate principal amount of its 2.300 % Senior Notes due 2031 (the “2031 Notes”). The net proceeds from the offering were approximately $ 295.5 million after deducting the underwriting discount and estimated offering expenses payable by the Company. The 2031 Notes bear interest at a rate of 2.300 % per annum from March 12, 2021. Interest on the 2031 Notes is payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2021. The 2031 Notes will mature on March 15, 2031. The 2031 Notes are callable at any time with a make whole premium and are only subject to accelerated payment prior to maturity in the event of a default (including as a result of the Company’s failure to meet certain non-financial covenants) under the indenture governing the notes or upon a change in control triggering event as defined in such indenture. The Company was in compliance with all non-financial covenants as of December 31, 2024. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> On March 12, 2021, the Company completed a public offering of $ 300 million aggregate principal amount of its 2.300 % Senior Notes due 2031 (the “2031 Notes”). The net proceeds from the offering were approximately $ 295.5 million after deducting the underwriting discount and estimated offering expenses payable by the Company. The 2031 Notes bear interest at a rate of 2.300 % per annum from March 12, 2021. Interest on the 2031 Notes is payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2021. The 2031 Notes will mature on March 15, 2031. The 2031 Notes are callable at any time with a make whole premium and are only subject to accelerated payment prior to maturity in the event of a default (including as a result of the Company’s failure to meet certain non-financial covenants) under the indenture governing the notes or upon a change in control triggering event as defined in such indenture. The Company was in compliance with all non-financial covenants as of December 31, 2024. </context> | us-gaap:DebtInstrumentFaceAmount |
On March 12, 2021, the Company completed a public offering of $ 300 million aggregate principal amount of its 2.300 % Senior Notes due 2031 (the “2031 Notes”). The net proceeds from the offering were approximately $ 295.5 million after deducting the underwriting discount and estimated offering expenses payable by the Company. The 2031 Notes bear interest at a rate of 2.300 % per annum from March 12, 2021. Interest on the 2031 Notes is payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2021. The 2031 Notes will mature on March 15, 2031. The 2031 Notes are callable at any time with a make whole premium and are only subject to accelerated payment prior to maturity in the event of a default (including as a result of the Company’s failure to meet certain non-financial covenants) under the indenture governing the notes or upon a change in control triggering event as defined in such indenture. The Company was in compliance with all non-financial covenants as of December 31, 2024. | text | 2.300 | percentItemType | text: <entity> 2.300 </entity> <entity type> percentItemType </entity type> <context> On March 12, 2021, the Company completed a public offering of $ 300 million aggregate principal amount of its 2.300 % Senior Notes due 2031 (the “2031 Notes”). The net proceeds from the offering were approximately $ 295.5 million after deducting the underwriting discount and estimated offering expenses payable by the Company. The 2031 Notes bear interest at a rate of 2.300 % per annum from March 12, 2021. Interest on the 2031 Notes is payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2021. The 2031 Notes will mature on March 15, 2031. The 2031 Notes are callable at any time with a make whole premium and are only subject to accelerated payment prior to maturity in the event of a default (including as a result of the Company’s failure to meet certain non-financial covenants) under the indenture governing the notes or upon a change in control triggering event as defined in such indenture. The Company was in compliance with all non-financial covenants as of December 31, 2024. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In February 2018, the Company completed a public offering of $ 450 million of senior, unsecured, notes maturing in February 2028 and bearing interest at a fixed rate of 3.50 % (the | text | 450 | monetaryItemType | text: <entity> 450 </entity> <entity type> monetaryItemType </entity type> <context> In February 2018, the Company completed a public offering of $ 450 million of senior, unsecured, notes maturing in February 2028 and bearing interest at a fixed rate of 3.50 % (the </context> | us-gaap:DebtInstrumentFaceAmount |
In February 2018, the Company completed a public offering of $ 450 million of senior, unsecured, notes maturing in February 2028 and bearing interest at a fixed rate of 3.50 % (the | text | 3.50 | percentItemType | text: <entity> 3.50 </entity> <entity type> percentItemType </entity type> <context> In February 2018, the Company completed a public offering of $ 450 million of senior, unsecured, notes maturing in February 2028 and bearing interest at a fixed rate of 3.50 % (the </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
2028 Notes”). Net proceeds from the issuance of the 2028 Notes were $ 442.6 million after deducting the discount on such notes and offering expenses paid by the Company. The 2028 Notes are callable at any time at specified prices and are only subject to accelerated payment prior to maturity upon customary events of a default under the indenture governing the 2028 Notes, as modified by the supplemental indenture creating such notes, or upon a change in control triggering event as defined in such indenture. | text | 442.6 | monetaryItemType | text: <entity> 442.6 </entity> <entity type> monetaryItemType </entity type> <context> 2028 Notes”). Net proceeds from the issuance of the 2028 Notes were $ 442.6 million after deducting the discount on such notes and offering expenses paid by the Company. The 2028 Notes are callable at any time at specified prices and are only subject to accelerated payment prior to maturity upon customary events of a default under the indenture governing the 2028 Notes, as modified by the supplemental indenture creating such notes, or upon a change in control triggering event as defined in such indenture. </context> | us-gaap:ProceedsFromIssuanceOfLongTermDebt |
In August 2017, the Company completed a public debt offering of $ 300 million of long-term unsecured, unsubordinated notes maturing in August 2027 and bearing interest at a fixed rate of 3.15 % (the “2027 Notes | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> In August 2017, the Company completed a public debt offering of $ 300 million of long-term unsecured, unsubordinated notes maturing in August 2027 and bearing interest at a fixed rate of 3.15 % (the “2027 Notes </context> | us-gaap:DebtInstrumentFaceAmount |
In August 2017, the Company completed a public debt offering of $ 300 million of long-term unsecured, unsubordinated notes maturing in August 2027 and bearing interest at a fixed rate of 3.15 % (the “2027 Notes | text | 3.15 | percentItemType | text: <entity> 3.15 </entity> <entity type> percentItemType </entity type> <context> In August 2017, the Company completed a public debt offering of $ 300 million of long-term unsecured, unsubordinated notes maturing in August 2027 and bearing interest at a fixed rate of 3.15 % (the “2027 Notes </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
). Net proceeds from the issuance were $ 294.6 million after deducting the discount on the notes and offering expenses paid by the Company. | text | 294.6 | monetaryItemType | text: <entity> 294.6 </entity> <entity type> monetaryItemType </entity type> <context> ). Net proceeds from the issuance were $ 294.6 million after deducting the discount on the notes and offering expenses paid by the Company. </context> | us-gaap:ProceedsFromIssuanceOfLongTermDebt |
In March 2016, the Company completed a public debt offering of $ 400 million of long-term unsecured, unsubordinated notes maturing in March 2026 and bearing interest at a fixed rate of 3.35 % (the “2026 Notes | text | 400 | monetaryItemType | text: <entity> 400 </entity> <entity type> monetaryItemType </entity type> <context> In March 2016, the Company completed a public debt offering of $ 400 million of long-term unsecured, unsubordinated notes maturing in March 2026 and bearing interest at a fixed rate of 3.35 % (the “2026 Notes </context> | us-gaap:DebtInstrumentFaceAmount |
In March 2016, the Company completed a public debt offering of $ 400 million of long-term unsecured, unsubordinated notes maturing in March 2026 and bearing interest at a fixed rate of 3.35 % (the “2026 Notes | text | 3.35 | percentItemType | text: <entity> 3.35 </entity> <entity type> percentItemType </entity type> <context> In March 2016, the Company completed a public debt offering of $ 400 million of long-term unsecured, unsubordinated notes maturing in March 2026 and bearing interest at a fixed rate of 3.35 % (the “2026 Notes </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
At December 31, 2024 and 2023, the Company had $ 125.4 million and $ 117.4 million, respectively, of short-term debt and current portion of long-term debt outstanding composed of: | text | 125.4 | monetaryItemType | text: <entity> 125.4 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, the Company had $ 125.4 million and $ 117.4 million, respectively, of short-term debt and current portion of long-term debt outstanding composed of: </context> | us-gaap:DebtCurrent |
At December 31, 2024 and 2023, the Company had $ 125.4 million and $ 117.4 million, respectively, of short-term debt and current portion of long-term debt outstanding composed of: | text | 117.4 | monetaryItemType | text: <entity> 117.4 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, the Company had $ 125.4 million and $ 117.4 million, respectively, of short-term debt and current portion of long-term debt outstanding composed of: </context> | us-gaap:DebtCurrent |
$ 123 million of commercial paper borrowings outstanding at December 31, 2024, and $ 100 million of commercial paper borrowings outstanding at December 31, 2023, which was used to fund the Systems Control acquisition. | text | 123 | monetaryItemType | text: <entity> 123 </entity> <entity type> monetaryItemType </entity type> <context> $ 123 million of commercial paper borrowings outstanding at December 31, 2024, and $ 100 million of commercial paper borrowings outstanding at December 31, 2023, which was used to fund the Systems Control acquisition. </context> | us-gaap:CommercialPaper |
$ 123 million of commercial paper borrowings outstanding at December 31, 2024, and $ 100 million of commercial paper borrowings outstanding at December 31, 2023, which was used to fund the Systems Control acquisition. | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> $ 123 million of commercial paper borrowings outstanding at December 31, 2024, and $ 100 million of commercial paper borrowings outstanding at December 31, 2023, which was used to fund the Systems Control acquisition. </context> | us-gaap:CommercialPaper |
$ 15.0 million of long-term debt classified as short-term within current liabilities in the Consolidated Balance Sheets, reflecting maturities within the next 12 months relating to borrowing under the Term Loan Agreement at December 31, 2023. | text | 15.0 | monetaryItemType | text: <entity> 15.0 </entity> <entity type> monetaryItemType </entity type> <context> $ 15.0 million of long-term debt classified as short-term within current liabilities in the Consolidated Balance Sheets, reflecting maturities within the next 12 months relating to borrowing under the Term Loan Agreement at December 31, 2023. </context> | us-gaap:DebtCurrent |
The Company also maintains other lines of credit that are primarily used to support the issuance of letters of credit. Interest rates and other terms of borrowing under these lines of credit vary from country to country, depending on local market conditions. At December 31, 2024 and 2023 these lines totaled $ 55.3 million and $ 55.9 million, respectively, of which $ 41.1 million and $ 23.4 million was utilized to support letters of credit and the remaining amount was unused. The annual commitment fees associated with these lines of credit are not material. | text | 55.3 | monetaryItemType | text: <entity> 55.3 </entity> <entity type> monetaryItemType </entity type> <context> The Company also maintains other lines of credit that are primarily used to support the issuance of letters of credit. Interest rates and other terms of borrowing under these lines of credit vary from country to country, depending on local market conditions. At December 31, 2024 and 2023 these lines totaled $ 55.3 million and $ 55.9 million, respectively, of which $ 41.1 million and $ 23.4 million was utilized to support letters of credit and the remaining amount was unused. The annual commitment fees associated with these lines of credit are not material. </context> | us-gaap:LinesOfCreditCurrent |
The Company also maintains other lines of credit that are primarily used to support the issuance of letters of credit. Interest rates and other terms of borrowing under these lines of credit vary from country to country, depending on local market conditions. At December 31, 2024 and 2023 these lines totaled $ 55.3 million and $ 55.9 million, respectively, of which $ 41.1 million and $ 23.4 million was utilized to support letters of credit and the remaining amount was unused. The annual commitment fees associated with these lines of credit are not material. | text | 55.9 | monetaryItemType | text: <entity> 55.9 </entity> <entity type> monetaryItemType </entity type> <context> The Company also maintains other lines of credit that are primarily used to support the issuance of letters of credit. Interest rates and other terms of borrowing under these lines of credit vary from country to country, depending on local market conditions. At December 31, 2024 and 2023 these lines totaled $ 55.3 million and $ 55.9 million, respectively, of which $ 41.1 million and $ 23.4 million was utilized to support letters of credit and the remaining amount was unused. The annual commitment fees associated with these lines of credit are not material. </context> | us-gaap:LinesOfCreditCurrent |
The Company also maintains other lines of credit that are primarily used to support the issuance of letters of credit. Interest rates and other terms of borrowing under these lines of credit vary from country to country, depending on local market conditions. At December 31, 2024 and 2023 these lines totaled $ 55.3 million and $ 55.9 million, respectively, of which $ 41.1 million and $ 23.4 million was utilized to support letters of credit and the remaining amount was unused. The annual commitment fees associated with these lines of credit are not material. | text | 41.1 | monetaryItemType | text: <entity> 41.1 </entity> <entity type> monetaryItemType </entity type> <context> The Company also maintains other lines of credit that are primarily used to support the issuance of letters of credit. Interest rates and other terms of borrowing under these lines of credit vary from country to country, depending on local market conditions. At December 31, 2024 and 2023 these lines totaled $ 55.3 million and $ 55.9 million, respectively, of which $ 41.1 million and $ 23.4 million was utilized to support letters of credit and the remaining amount was unused. The annual commitment fees associated with these lines of credit are not material. </context> | us-gaap:LinesOfCreditCurrent |
The Company also maintains other lines of credit that are primarily used to support the issuance of letters of credit. Interest rates and other terms of borrowing under these lines of credit vary from country to country, depending on local market conditions. At December 31, 2024 and 2023 these lines totaled $ 55.3 million and $ 55.9 million, respectively, of which $ 41.1 million and $ 23.4 million was utilized to support letters of credit and the remaining amount was unused. The annual commitment fees associated with these lines of credit are not material. | text | 23.4 | monetaryItemType | text: <entity> 23.4 </entity> <entity type> monetaryItemType </entity type> <context> The Company also maintains other lines of credit that are primarily used to support the issuance of letters of credit. Interest rates and other terms of borrowing under these lines of credit vary from country to country, depending on local market conditions. At December 31, 2024 and 2023 these lines totaled $ 55.3 million and $ 55.9 million, respectively, of which $ 41.1 million and $ 23.4 million was utilized to support letters of credit and the remaining amount was unused. The annual commitment fees associated with these lines of credit are not material. </context> | us-gaap:LinesOfCreditCurrent |
As of December 31, 2024, the Company had a total of $ 23.9 million of U.S. federal, state (net of federal benefit) and foreign tax credit carryforwards, available to offset future income taxes. As of December 31, 2024, $ 1.9 million of the tax credits may be carried forward indefinitely while the remaining $ 22.0 million will begin to expire at various times in 2025 through 2053. As of December 31, 2024, the Company had recorded tax benefits totaling $ 10.4 million for U.S. federal, state and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2024, $ 4.4 million of NOLs may be carried forward indefinitely while the remaining $ 6.0 million will begin to expire at various times in 2025 through 2054. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $ 34.1 million on certain deferred tax assets including a portion of foreign and state tax credit carryforwards, capital loss carryforwards and NOLs that the Company anticipates will expire prior to utilization. | text | 23.9 | monetaryItemType | text: <entity> 23.9 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company had a total of $ 23.9 million of U.S. federal, state (net of federal benefit) and foreign tax credit carryforwards, available to offset future income taxes. As of December 31, 2024, $ 1.9 million of the tax credits may be carried forward indefinitely while the remaining $ 22.0 million will begin to expire at various times in 2025 through 2053. As of December 31, 2024, the Company had recorded tax benefits totaling $ 10.4 million for U.S. federal, state and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2024, $ 4.4 million of NOLs may be carried forward indefinitely while the remaining $ 6.0 million will begin to expire at various times in 2025 through 2054. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $ 34.1 million on certain deferred tax assets including a portion of foreign and state tax credit carryforwards, capital loss carryforwards and NOLs that the Company anticipates will expire prior to utilization. </context> | us-gaap:DeferredTaxAssetsTaxCreditCarryforwards |
As of December 31, 2024, the Company had a total of $ 23.9 million of U.S. federal, state (net of federal benefit) and foreign tax credit carryforwards, available to offset future income taxes. As of December 31, 2024, $ 1.9 million of the tax credits may be carried forward indefinitely while the remaining $ 22.0 million will begin to expire at various times in 2025 through 2053. As of December 31, 2024, the Company had recorded tax benefits totaling $ 10.4 million for U.S. federal, state and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2024, $ 4.4 million of NOLs may be carried forward indefinitely while the remaining $ 6.0 million will begin to expire at various times in 2025 through 2054. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $ 34.1 million on certain deferred tax assets including a portion of foreign and state tax credit carryforwards, capital loss carryforwards and NOLs that the Company anticipates will expire prior to utilization. | text | 1.9 | monetaryItemType | text: <entity> 1.9 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company had a total of $ 23.9 million of U.S. federal, state (net of federal benefit) and foreign tax credit carryforwards, available to offset future income taxes. As of December 31, 2024, $ 1.9 million of the tax credits may be carried forward indefinitely while the remaining $ 22.0 million will begin to expire at various times in 2025 through 2053. As of December 31, 2024, the Company had recorded tax benefits totaling $ 10.4 million for U.S. federal, state and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2024, $ 4.4 million of NOLs may be carried forward indefinitely while the remaining $ 6.0 million will begin to expire at various times in 2025 through 2054. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $ 34.1 million on certain deferred tax assets including a portion of foreign and state tax credit carryforwards, capital loss carryforwards and NOLs that the Company anticipates will expire prior to utilization. </context> | us-gaap:DeferredTaxAssetsTaxCreditCarryforwards |
As of December 31, 2024, the Company had a total of $ 23.9 million of U.S. federal, state (net of federal benefit) and foreign tax credit carryforwards, available to offset future income taxes. As of December 31, 2024, $ 1.9 million of the tax credits may be carried forward indefinitely while the remaining $ 22.0 million will begin to expire at various times in 2025 through 2053. As of December 31, 2024, the Company had recorded tax benefits totaling $ 10.4 million for U.S. federal, state and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2024, $ 4.4 million of NOLs may be carried forward indefinitely while the remaining $ 6.0 million will begin to expire at various times in 2025 through 2054. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $ 34.1 million on certain deferred tax assets including a portion of foreign and state tax credit carryforwards, capital loss carryforwards and NOLs that the Company anticipates will expire prior to utilization. | text | 22.0 | monetaryItemType | text: <entity> 22.0 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company had a total of $ 23.9 million of U.S. federal, state (net of federal benefit) and foreign tax credit carryforwards, available to offset future income taxes. As of December 31, 2024, $ 1.9 million of the tax credits may be carried forward indefinitely while the remaining $ 22.0 million will begin to expire at various times in 2025 through 2053. As of December 31, 2024, the Company had recorded tax benefits totaling $ 10.4 million for U.S. federal, state and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2024, $ 4.4 million of NOLs may be carried forward indefinitely while the remaining $ 6.0 million will begin to expire at various times in 2025 through 2054. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $ 34.1 million on certain deferred tax assets including a portion of foreign and state tax credit carryforwards, capital loss carryforwards and NOLs that the Company anticipates will expire prior to utilization. </context> | us-gaap:DeferredTaxAssetsTaxCreditCarryforwards |
As of December 31, 2024, the Company had a total of $ 23.9 million of U.S. federal, state (net of federal benefit) and foreign tax credit carryforwards, available to offset future income taxes. As of December 31, 2024, $ 1.9 million of the tax credits may be carried forward indefinitely while the remaining $ 22.0 million will begin to expire at various times in 2025 through 2053. As of December 31, 2024, the Company had recorded tax benefits totaling $ 10.4 million for U.S. federal, state and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2024, $ 4.4 million of NOLs may be carried forward indefinitely while the remaining $ 6.0 million will begin to expire at various times in 2025 through 2054. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $ 34.1 million on certain deferred tax assets including a portion of foreign and state tax credit carryforwards, capital loss carryforwards and NOLs that the Company anticipates will expire prior to utilization. | text | 10.4 | monetaryItemType | text: <entity> 10.4 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company had a total of $ 23.9 million of U.S. federal, state (net of federal benefit) and foreign tax credit carryforwards, available to offset future income taxes. As of December 31, 2024, $ 1.9 million of the tax credits may be carried forward indefinitely while the remaining $ 22.0 million will begin to expire at various times in 2025 through 2053. As of December 31, 2024, the Company had recorded tax benefits totaling $ 10.4 million for U.S. federal, state and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2024, $ 4.4 million of NOLs may be carried forward indefinitely while the remaining $ 6.0 million will begin to expire at various times in 2025 through 2054. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $ 34.1 million on certain deferred tax assets including a portion of foreign and state tax credit carryforwards, capital loss carryforwards and NOLs that the Company anticipates will expire prior to utilization. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwards |
As of December 31, 2024, the Company had a total of $ 23.9 million of U.S. federal, state (net of federal benefit) and foreign tax credit carryforwards, available to offset future income taxes. As of December 31, 2024, $ 1.9 million of the tax credits may be carried forward indefinitely while the remaining $ 22.0 million will begin to expire at various times in 2025 through 2053. As of December 31, 2024, the Company had recorded tax benefits totaling $ 10.4 million for U.S. federal, state and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2024, $ 4.4 million of NOLs may be carried forward indefinitely while the remaining $ 6.0 million will begin to expire at various times in 2025 through 2054. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $ 34.1 million on certain deferred tax assets including a portion of foreign and state tax credit carryforwards, capital loss carryforwards and NOLs that the Company anticipates will expire prior to utilization. | text | 4.4 | monetaryItemType | text: <entity> 4.4 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company had a total of $ 23.9 million of U.S. federal, state (net of federal benefit) and foreign tax credit carryforwards, available to offset future income taxes. As of December 31, 2024, $ 1.9 million of the tax credits may be carried forward indefinitely while the remaining $ 22.0 million will begin to expire at various times in 2025 through 2053. As of December 31, 2024, the Company had recorded tax benefits totaling $ 10.4 million for U.S. federal, state and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2024, $ 4.4 million of NOLs may be carried forward indefinitely while the remaining $ 6.0 million will begin to expire at various times in 2025 through 2054. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $ 34.1 million on certain deferred tax assets including a portion of foreign and state tax credit carryforwards, capital loss carryforwards and NOLs that the Company anticipates will expire prior to utilization. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwards |
As of December 31, 2024, the Company had a total of $ 23.9 million of U.S. federal, state (net of federal benefit) and foreign tax credit carryforwards, available to offset future income taxes. As of December 31, 2024, $ 1.9 million of the tax credits may be carried forward indefinitely while the remaining $ 22.0 million will begin to expire at various times in 2025 through 2053. As of December 31, 2024, the Company had recorded tax benefits totaling $ 10.4 million for U.S. federal, state and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2024, $ 4.4 million of NOLs may be carried forward indefinitely while the remaining $ 6.0 million will begin to expire at various times in 2025 through 2054. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $ 34.1 million on certain deferred tax assets including a portion of foreign and state tax credit carryforwards, capital loss carryforwards and NOLs that the Company anticipates will expire prior to utilization. | text | 6.0 | monetaryItemType | text: <entity> 6.0 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company had a total of $ 23.9 million of U.S. federal, state (net of federal benefit) and foreign tax credit carryforwards, available to offset future income taxes. As of December 31, 2024, $ 1.9 million of the tax credits may be carried forward indefinitely while the remaining $ 22.0 million will begin to expire at various times in 2025 through 2053. As of December 31, 2024, the Company had recorded tax benefits totaling $ 10.4 million for U.S. federal, state and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2024, $ 4.4 million of NOLs may be carried forward indefinitely while the remaining $ 6.0 million will begin to expire at various times in 2025 through 2054. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $ 34.1 million on certain deferred tax assets including a portion of foreign and state tax credit carryforwards, capital loss carryforwards and NOLs that the Company anticipates will expire prior to utilization. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwards |
As of December 31, 2024, the Company had a total of $ 23.9 million of U.S. federal, state (net of federal benefit) and foreign tax credit carryforwards, available to offset future income taxes. As of December 31, 2024, $ 1.9 million of the tax credits may be carried forward indefinitely while the remaining $ 22.0 million will begin to expire at various times in 2025 through 2053. As of December 31, 2024, the Company had recorded tax benefits totaling $ 10.4 million for U.S. federal, state and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2024, $ 4.4 million of NOLs may be carried forward indefinitely while the remaining $ 6.0 million will begin to expire at various times in 2025 through 2054. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $ 34.1 million on certain deferred tax assets including a portion of foreign and state tax credit carryforwards, capital loss carryforwards and NOLs that the Company anticipates will expire prior to utilization. | text | 34.1 | monetaryItemType | text: <entity> 34.1 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company had a total of $ 23.9 million of U.S. federal, state (net of federal benefit) and foreign tax credit carryforwards, available to offset future income taxes. As of December 31, 2024, $ 1.9 million of the tax credits may be carried forward indefinitely while the remaining $ 22.0 million will begin to expire at various times in 2025 through 2053. As of December 31, 2024, the Company had recorded tax benefits totaling $ 10.4 million for U.S. federal, state and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2024, $ 4.4 million of NOLs may be carried forward indefinitely while the remaining $ 6.0 million will begin to expire at various times in 2025 through 2054. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $ 34.1 million on certain deferred tax assets including a portion of foreign and state tax credit carryforwards, capital loss carryforwards and NOLs that the Company anticipates will expire prior to utilization. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
During 2024, the Company repatriated certain of its foreign earnings. As of December 31, 2024, the Company also anticipates repatriating certain of its foreign earnings in the future. The accompanying financial statements reflect the income tax expense associated with actual and anticipated remittances related to certain of our outside basis differences. The Company has not provided for the income tax effects of distributing the remaining approximately $ 333 million of undistributed foreign earnings as those amounts are either permanently reinvested or intended to be reinvested in our international operations. It is not practicable to estimate the tax cost associated with a remittance of such earnings. | text | 333 | monetaryItemType | text: <entity> 333 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the Company repatriated certain of its foreign earnings. As of December 31, 2024, the Company also anticipates repatriating certain of its foreign earnings in the future. The accompanying financial statements reflect the income tax expense associated with actual and anticipated remittances related to certain of our outside basis differences. The Company has not provided for the income tax effects of distributing the remaining approximately $ 333 million of undistributed foreign earnings as those amounts are either permanently reinvested or intended to be reinvested in our international operations. It is not practicable to estimate the tax cost associated with a remittance of such earnings. </context> | us-gaap:UndistributedEarningsOfForeignSubsidiaries |
Cash payments of income taxes were $ 225.3 million, $ 215.0 million and $ 168.0 million in 2024, 2023, and 2022, respectively. | text | 225.3 | monetaryItemType | text: <entity> 225.3 </entity> <entity type> monetaryItemType </entity type> <context> Cash payments of income taxes were $ 225.3 million, $ 215.0 million and $ 168.0 million in 2024, 2023, and 2022, respectively. </context> | us-gaap:IncomeTaxesPaid |
Cash payments of income taxes were $ 225.3 million, $ 215.0 million and $ 168.0 million in 2024, 2023, and 2022, respectively. | text | 215.0 | monetaryItemType | text: <entity> 215.0 </entity> <entity type> monetaryItemType </entity type> <context> Cash payments of income taxes were $ 225.3 million, $ 215.0 million and $ 168.0 million in 2024, 2023, and 2022, respectively. </context> | us-gaap:IncomeTaxesPaid |
Cash payments of income taxes were $ 225.3 million, $ 215.0 million and $ 168.0 million in 2024, 2023, and 2022, respectively. | text | 168.0 | monetaryItemType | text: <entity> 168.0 </entity> <entity type> monetaryItemType </entity type> <context> Cash payments of income taxes were $ 225.3 million, $ 215.0 million and $ 168.0 million in 2024, 2023, and 2022, respectively. </context> | us-gaap:IncomeTaxesPaid |
Included in the balance at December 31, 2024 are approximately $ 42.3 million of tax positions which, if in the future are determined to be recognizable, would affect the annual effective income tax rate. Additionally, there are $ 0.6 million of tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty as to the timing of such deductibility. Because of the impact of deferred tax accounting, other than interest and penalties, the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the applicable taxing authority to an earlier period. It is reasonably possible that in the next twelve months, because of changes in facts and circumstances, the unrecognized tax benefits may increase or decrease. | text | 42.3 | monetaryItemType | text: <entity> 42.3 </entity> <entity type> monetaryItemType </entity type> <context> Included in the balance at December 31, 2024 are approximately $ 42.3 million of tax positions which, if in the future are determined to be recognizable, would affect the annual effective income tax rate. Additionally, there are $ 0.6 million of tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty as to the timing of such deductibility. Because of the impact of deferred tax accounting, other than interest and penalties, the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the applicable taxing authority to an earlier period. It is reasonably possible that in the next twelve months, because of changes in facts and circumstances, the unrecognized tax benefits may increase or decrease. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
The Company estimates a possible decrease of approximately $ 3 million to $ 6 million within the next twelve months due to the expiration of the statute of limitations and audit resolutions. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> The Company estimates a possible decrease of approximately $ 3 million to $ 6 million within the next twelve months due to the expiration of the statute of limitations and audit resolutions. </context> | us-gaap:DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible |
The Company estimates a possible decrease of approximately $ 3 million to $ 6 million within the next twelve months due to the expiration of the statute of limitations and audit resolutions. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> The Company estimates a possible decrease of approximately $ 3 million to $ 6 million within the next twelve months due to the expiration of the statute of limitations and audit resolutions. </context> | us-gaap:DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible |
The Company’s policy is to record interest and penalties associated with the underpayment of income taxes within Provision for income taxes in the Consolidated Statement of Income. The Company recognized expense (benefit), before federal tax impact, related to interest and penalties of $ 0.7 million in 2024, $ 1.2 million in 2023 and $( 1.0 ) million in 2022. The Company had $ 8.6 million and $ 7.9 million accrued for the payment of interest and penalties as of December 31, 2024 and December 31, 2023, respectively. | text | 0.7 | monetaryItemType | text: <entity> 0.7 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s policy is to record interest and penalties associated with the underpayment of income taxes within Provision for income taxes in the Consolidated Statement of Income. The Company recognized expense (benefit), before federal tax impact, related to interest and penalties of $ 0.7 million in 2024, $ 1.2 million in 2023 and $( 1.0 ) million in 2022. The Company had $ 8.6 million and $ 7.9 million accrued for the payment of interest and penalties as of December 31, 2024 and December 31, 2023, respectively. </context> | us-gaap:OtherTaxExpenseBenefit |
The Company’s policy is to record interest and penalties associated with the underpayment of income taxes within Provision for income taxes in the Consolidated Statement of Income. The Company recognized expense (benefit), before federal tax impact, related to interest and penalties of $ 0.7 million in 2024, $ 1.2 million in 2023 and $( 1.0 ) million in 2022. The Company had $ 8.6 million and $ 7.9 million accrued for the payment of interest and penalties as of December 31, 2024 and December 31, 2023, respectively. | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s policy is to record interest and penalties associated with the underpayment of income taxes within Provision for income taxes in the Consolidated Statement of Income. The Company recognized expense (benefit), before federal tax impact, related to interest and penalties of $ 0.7 million in 2024, $ 1.2 million in 2023 and $( 1.0 ) million in 2022. The Company had $ 8.6 million and $ 7.9 million accrued for the payment of interest and penalties as of December 31, 2024 and December 31, 2023, respectively. </context> | us-gaap:OtherTaxExpenseBenefit |
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