Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 86

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 15
Chunk 86
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 Paid (a)Goodwill AcquiredAcquired Intangible AssetsXena NetworksOctober 13, 2023$24.2 $21.1 $4.8 ChartWorldJanuary 3, 2023$53.5 $55.5 $11.3 Total$77.7 $76.6 $16.1 (a)  Net of cash acquired

The Company’s cost to acquire these 2024 and 2023 acquisitions was allocated to the assets acquired and liabilities assumed based upon their respective fair values as of the date of the completion of the acquisition.  The differences between the fair value of the consideration paid and the estimated fair value of the assets and liabilities acquired was recorded as goodwill.  The fair value of the acquired identifiable assets and liabilities for the Adimec and Valeport acquisitions is provisional pending finalization of the Company’s acquisition accounting, including the measurement of tax basis in certain jurisdictions and the resulting deferred taxes that might arise from book and tax basis differences, if any.  Pro forma results of operations, the revenue and net income subsequent to the acquisition date, and a more detailed breakout of the major classes of assets and liabilities acquired for the 2024 and 2023 acquisitions have not been presented because the effects of these acquisitions, individually and in the aggregate, were not material to the Company’s financial results.  The significant factors that resulted in recognition of goodwill for the 2024 and 2023 acquisitions included the acquired businesses’ market positions, growth opportunities in the markets in which they operate, their experienced work force and established operating infrastructures.  The results of these acquisitions have been included in Teledyne’s results since the dates of their respective acquisition. 

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Note 4. Business Segments

Teledyne’s businesses are aligned in four reportable segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics and Engineered Systems.  The Company manages, evaluates and aggregates its operating segments for segment reporting purposes primarily on the basis of product and service type, production process, distribution methods, type of customer, management organization, sales growth potential and long-term profitability.  The Company’s Executive Chairman, who has been identified as the CODM, uses operating income as the measure of profit or loss to assess segment performance and allocate resources.The Digital Imaging segment includes high-performance sensors, cameras and systems, within the visible, infrared and X-ray spectra for use in industrial, government and medical applications, as well as MEMS and high-performance,