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Reportable Segments and Geographic Areas Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Reportable Segment Financial Information

			2023						2022						2021
			(In thousands)
Operating income and income before income taxes:
Segment operating income:
Electronic Instruments			$	1,310,962					$	1,089,729					$	958,183
Electromechanical			496,569						503,593						437,378
Total segment operating income			1,807,531						1,593,322						1,395,561
Corporate administrative expenses			(100,072)						(92,630)						(86,891)
Consolidated operating income			1,707,459						1,500,692						1,308,670
Interest and other expenses, net			(101,047)						(72,000)						(85,500)
Consolidated income before income taxes			$	1,606,412					$	1,428,692					$	1,223,170
Assets:
Electronic Instruments			$	9,559,282					$	9,430,797
Electromechanical			4,957,944						2,617,685
Total segment assets			14,517,226						12,048,482
Corporate			506,307						382,638
Consolidated assets			$	15,023,533					$	12,431,120

			2023						2022						2021
			(In thousands)
Additions to property, plant and equipment(1):
Electronic Instruments			$	86,616					$	93,505					$	168,267
Electromechanical			272,060						38,186						34,586
Total segment additions to property, plant and equipment			358,676						131,691						202,853
Corporate			12,385						19,757						10,417
Consolidated additions to property, plant and equipment			$	371,061					$	151,448					$	213,270
Depreciation and amortization:
Electronic Instruments			$	249,007					$	238,436					$	210,118
Electromechanical			83,914						77,896						79,497
Total segment depreciation and amortization			332,921						316,332						289,615
Corporate			4,715						3,095						2,497
Consolidated depreciation and amortization			$	337,636					$	319,427					$	292,112

___________________

(1)Includes $234.8 million in 2023, $12.4 million in 2022, and $102.6 million in 2021 from acquired businesses.

Information about Company's Operations in Different Geographic Areas

Information about the Company’s operations in different geographic areas for the years ended December 31, 2023 and 2022 is shown below.

			2023						2022
			(In thousands)
Long-lived assets from continuing operations (excluding intangible assets):
United States			$	646,381					$	412,577
International(1):
United Kingdom			73,328						71,462
European Union countries			95,781						89,993
Asia			13,351						11,479
Other foreign countries			62,452						50,130
Total international			244,912						223,064
Total consolidated			$	891,293					$	635,641

_________________

(1)Represents long-lived assets of foreign-based operations only.

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- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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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.

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