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Reportable Segments and Geographic Areas Information | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Reportable Segments and Geographic Areas Information | Reportable Segments and Geographic Areas Information Descriptive Information about Reportable Segments The Company has two reportable segments, EIG and EMG. The Company’s operating segments are identified based on the existence of segment managers. Certain of the Company’s operating segments have been aggregated for segment reporting purposes primarily on the basis of product type, production processes, distribution methods and similarity of economic characteristics. EIG manufactures advanced instruments for the process, power and industrial, and aerospace markets. It provides process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries. EIG also provides instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets. It makes power quality monitoring and metering devices, uninterruptible power supplies, programmable power equipment, electromagnetic compatibility test equipment and gas turbines sensors. EIG also provides dashboard instruments for heavy trucks and other vehicles, as well as instrumentation and controls for the food and beverage industries. It supplies the aerospace industry with aircraft and engine sensors, monitoring systems, power supplies, fuel and fluid measurement systems, and data acquisition systems. EMG is a differentiated supplier of automation solutions, thermal management systems, specialty metals and electrical interconnects. It manufactures highly engineered electrical connectors and electronic packaging used to protect sensitive electronic devices. EMG also makes precision motion control products for data storage, medical devices, business equipment, automation and other applications. It supplies high-purity powdered metals, strip and foil, specialty clad metals and metal matrix composites. EMG also manufactures motors used in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps and industrial blowers. It produces motor-blower systems and heat exchangers used in thermal management and other applications on a variety of military and commercial aircraft and military ground vehicles. EMG also operates a global network of aviation maintenance, repair and overhaul facilities. Measurement of Segment Results Segment operating income represents net sales less all direct costs and expenses (including certain administrative and other expenses) applicable to each segment but does not include interest expense. Net sales by segment are reported after elimination of intra- and inter-segment sales and profits, which are insignificant in amount. Reported segment assets include allocations directly related to the segment’s operations. Corporate assets consist primarily of investments, prepaid pensions, insurance deposits and deferred taxes. Reportable Segment Financial Information
| 2020 |  | 2019 |  | 2018
| (In thousands)
Operating income and income before income taxes: |  |  |  |  |
Segment operating income(1): |  |  |  |  |
Electronic Instruments | $ | 770,620 |  |  | $ | 865,307 |  |  | $ | 782,144 |
Electromechanical | 324,962 |  |  | 387,931 |  |  | 363,765 |
Total segment operating income | 1,095,582 |  |  | 1,253,238 |  |  | 1,145,909 |
Corporate administrative expenses | (67,698) |  |  | (75,858) |  |  | (70,369) |
Consolidated operating income | 1,027,884 |  |  | 1,177,380 |  |  | 1,075,540 |
Interest and other income (expenses), net | 54,425 |  |  | (107,632) |  |  | (87,795) |
Consolidated income before income taxes | $ | 1,082,309 |  |  | $ | 1,069,748 |  |  | $ | 987,745 |
Assets: |  |  |  |  |
Electronic Instruments | $ | 6,554,414 |  |  | $ | 6,651,920 |  |  |
Electromechanical | 2,646,985 |  |  | 2,818,155 |  |  |
Total segment assets | 9,201,399 |  |  | 9,470,075 |  |  |
Corporate | 1,156,084 |  |  | 374,484 |  |  |
Consolidated assets | $ | 10,357,483 |  |  | $ | 9,844,559 |  |  |
Additions to property, plant and equipment(2): |  |  |  |  |
Electronic Instruments | $ | 48,638 |  |  | $ | 74,994 |  |  | $ | 110,858 |
Electromechanical | 26,381 |  |  | 42,924 |  |  | 42,461 |
Total segment additions to property, plant and equipment | 75,019 |  |  | 117,918 |  |  | 153,319 |
Corporate | 1,007 |  |  | 4,770 |  |  | 3,496 |
Consolidated additions to property, plant and equipment | $ | 76,026 |  |  | $ | 122,688 |  |  | $ | 156,815 |
Depreciation and amortization: |  |  |  |  |
Electronic Instruments | $ | 174,494 |  |  | $ | 153,111 |  |  | $ | 121,709 |
Electromechanical | 78,297 |  |  | 78,664 |  |  | 75,801 |
Total segment depreciation and amortization | 252,791 |  |  | 231,775 |  |  | 197,510 |
Corporate | 2,484 |  |  | 2,267 |  |  | 1,980 |
Consolidated depreciation and amortization | $ | 255,275 |  |  | $ | 234,042 |  |  | $ | 199,490 |
___________________ (1)Segment operating income represents net sales less all direct costs and expenses (including certain administrative and other expenses) applicable to each segment but does not include interest expense. (2)Includes $1.8 million in 2020, $20.3 million in 2019 and $74.6 million in 2018 from acquired businesses. Geographic Areas Information about the Company’s operations in different geographic areas for the years ended December 31, 2020 and 2019 is shown below.
| 2020 |  | 2019
| (In thousands)
Long-lived assets from continuing operations (excluding intangible assets): |  |  |
United States | $ | 344,535 |  |  | $ | 370,144 |
International(1): |  |  |
United Kingdom | 55,519 |  |  | 57,675 |
European Union countries | 82,256 |  |  | 78,500 |
Asia | 14,066 |  |  | 12,869 |
Other foreign countries | 30,154 |  |  | 29,720 |
Total international | 181,995 |  |  | 178,764 |
Total consolidated | $ | 526,530 |  |  | $ | 548,908 |
_________________ (1)Represents long-lived assets of foreign-based operations only.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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