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Revenues (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Schedule of outstanding contract asset and (liability) accounts

The outstanding contract asset and liability accounts were as follows:

		2020				2019
		(In thousands)
Contract assets—January 1		$	73,039			$	58,266
Contract assets – March 31			80,796				76,323
Change in contract assets – increase			7,757				18,057
Contract liabilities – January 1			167,306				146,162
Contract liabilities – March 31			194,433				147,776
Change in contract liabilities – increase			(27,127	)			(1,614	)
Net change		$	(19,370	)		$	16,443

Schedule of revenue from external customers by geographic areas

Information about the Company’s operations in different geographic areas for the three months ended March 31, 2020 is shown below. Net sales were attributed to geographic areas based on the location of the customer.

		Three months ended March 31, 2020
		EIG				EMG				Total
		(In thousands)
United States		$	406,545			$	234,689			$	641,234
International(1):
United Kingdom			14,793				33,138				47,931
European Union countries			105,676				88,766				194,442
Asia			164,745				43,830				208,575
Other foreign countries			82,466				27,570				110,036
Total international			367,680				193,304				560,984
Consolidated net sales		$	774,225			$	427,993			$	1,202,218

(1) Includes U.S. export sales of $305.2 million.

Information about the Company’s operations in different geographic areas for the three months ended March 31, 2019 is shown below. Net sales were attributed to geographic areas based on the location of the customer.

		Three months ended March 31, 2019
		EIG				EMG				Total
		(In thousands)
United States		$	403,392			$	260,754			$	664,146
International(1):
United Kingdom			15,427				33,888				49,315
European Union countries			102,785				106,419				209,204
Asia			193,847				47,111				240,958
Other foreign countries			91,460				32,608				124,068
Total international			403,519				220,026				623,545
Consolidated net sales		$	806,911			$	480,780			$	1,287,691

(1) Includes U.S. export sales of $325.4 million.

Schedule of revenue from external customers by products and services

The Company’s major products and services in the reportable segments were as follows:

		Three months ended March 31, 2020
		EIG				EMG				Total
		(In thousands)
Process and analytical instrumentation		$	548,440			$	—			$	548,440
Aerospace and power			225,785				127,251				353,036
Automation and engineered solutions			—				300,742				300,742
Consolidated net sales		$	774,225			$	427,993			$	1,202,218

		Three months ended March 31, 2019
		EIG				EMG				Total
		(In thousands)
Process and analytical instrumentation		$	577,340			$	—			$	577,340
Aerospace and power			229,571				118,878				348,449
Automation and engineered solutions			—				361,902				361,902
Consolidated net sales		$	806,911			$	480,780			$	1,287,691

Schedule of disaggregation of revenue

		Three months ended March 31, 2020
		EIG				EMG				Total
		(In thousands)
Products transferred at a point in time		$	633,540			$	379,059			$	1,012,599
Products and services transferred over time			140,685				48,934				189,619
Consolidated net sales		$	774,225			$	427,993			$	1,202,218

		Three months ended March 31, 2019
		EIG				EMG				Total
		(In thousands)
Products transferred at a point in time		$	677,833			$	435,605			$	1,113,438
Products and services transferred over time			129,078				45,175				174,253
Consolidated net sales		$	806,911			$	480,780			$	1,287,691

Schedule of product warranty liability

Changes in the accrued product warranty obligation were as follows:

		Three Months Ended
		March 31,
		2020				2019
		(In thousands)
Balance at the beginning of the period		$	27,611			$	23,482
Accruals for warranties issued during the period			3,252				5,003
Settlements made during the period			(4,217	)			(4,789	)
Warranty accruals related to acquired businesses and other during the period			288				(81	)
Balance at the end of the period		$	26,934			$	23,615

X

- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

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