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SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Performance

The following tables are a summary of reportable segment performance with Other to reconcile to the total consolidated for the three months ended September 30, 2025, and 2024:

(in thousands)						For the Three Months Ended September 30, 2025
						CAG						Water						LPD						Total
Total revenues from reportable segments						$	1,012,534					$	54,297					$	33,944					$	1,100,775
Reconciliation of revenue
Other revenues																								4,464
Total consolidated revenue																								1,105,239
Cost of revenue						385,078						16,240						17,999
Segment gross profit						$	627,456					$	38,057					$	15,945					$	681,458
Reconciliation of operating profit (segment profit)
Segment gross profit																								$	681,458
Segment operating expenses																								(326,101)
Other operating profit (excluding unallocated amounts)																								1,076
Unallocated amounts
Foreign currency transaction gains (losses)																								(1,587)
Interest expense																								(10,655)
Interest income																								580
Income before provision for income taxes																								$	344,771

(in thousands)						For the Three Months Ended September 30, 2024
						CAG						Water						LPD						Total
Total revenues from reportable segments						$	891,990					$	50,162					$	28,992					$	971,144
Reconciliation of revenue
Other revenues																								4,399
Total consolidated revenue																								975,543
Cost of revenue						347,529						15,407						14,365
Segment gross profit						$	544,461					$	34,755					$	14,627					$	593,843
Reconciliation of operating profit (segment profit)
Segment gross profit																								$	593,843
Segment operating expenses																								(292,264)
Other operating profit (excluding unallocated amounts)																								932
Unallocated amounts
Foreign currency transaction gains (losses)																								1,381
Interest expense																								(7,697)
Interest income																								2,714
Income before provision for income taxes																								$	298,909

The following tables are a summary of reportable segment performance with Other to reconcile to the total consolidated for the nine months ended September 30, 2025, and 2024:

(in thousands)						For the Nine Months Ended September 30, 2025
						CAG						Water						LPD						Total
Total revenues from reportable segments						$	2,954,813					$	150,619					$	94,302					$	3,199,734
Reconciliation of revenue
Other revenues																								$	13,389
Total consolidated revenue																								3,213,123
Cost of revenue						1,110,432						44,978						49,063
Segment gross profit						$	1,844,381					$	105,641					$	45,239					$	1,995,261
Reconciliation of operating profit (segment profit)
Segment gross profit																								$	1,995,261
Segment operating expenses																								(951,193)
Other operating profit (excluding unallocated amounts)																								3,184
Unallocated amounts
Foreign currency transaction gains (losses)																								(2,826)
Interest expense																								(29,642)
Interest income																								2,423
Income before provision for income taxes																								$	1,017,207

(in thousands)						For the Nine Months Ended September 30, 2024
						CAG						Water						LPD						Total
Total revenues from reportable segments						$	2,703,573					$	139,959					$	87,503					$	2,931,035
Reconciliation of revenue
Other revenues																								12,181
Total consolidated revenue																								2,943,216
Cost of revenue						1,043,805						42,633						42,084
Segment gross profit						$	1,659,768					$	97,326					$	45,419					$	1,802,513
Reconciliation of operating profit (segment profit)
Segment gross profit																								$	1,802,513
Segment operating expenses																								(937,389)
Other operating profit (excluding unallocated amounts)																								2,080
Unallocated amounts
Foreign currency transaction gains (losses)																								(553)
Interest expense																								(23,707)
Interest income																								10,500
Income before provision for income taxes																								$	853,444

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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