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Reportable Segments and Geographic Areas Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Reportable Segment Financial Information

Reportable Segment Financial Information (in thousands):

			EMG						EIG												Corporate						Total Consolidated
2024
Net Sales			$	2,281,265					$	4,659,915											$	—					$	6,941,180
Cost of sales (1)			1,736,694						2,728,019												—						4,464,713
Selling expense			88,070						503,487												—						591,557
Segment Operating Income			456,501						1,428,409												—						1,884,910
Corporate G&A			—						—												105,348						105,348
Operating Income			456,501						1,428,409												(105,348)						1,779,562
Interest expense			—						—												(112,962)						(112,962)
Other (expense) income, net			—						—												(5,061)						(5,061)
Income before Income Taxes			$	456,501					$	1,428,409											$	(223,371)					$	1,661,539
Depreciation			$	58,049					$	71,351											$	5,866					$	135,266
Amortization			74,452						173,209												—						247,661
Total depreciation and amortization			$	132,501					$	244,560											$	5,866					$	382,927
Research, Development & Engineering costs (2)			$	72,434					$	299,441											$	—					$	371,875
Assets			$	4,758,856					$	9,302,031											$	570,282					$	14,631,169
Capital Expenditures (3)			$	41,022					$	58,859											$	28,277					$	128,158

(1)Includes $29.2 million in EMG in for Paragon integration costs.

(2)Included in cost of sales.

(3)Includes $1.1 million in EIG from acquired businesses.

			EMG						EIG												Corporate						Total Consolidated
2023
Net Sales			$	1,972,700					$	4,624,250											$	—					$	6,596,950
Cost of sales			1,393,086						2,819,399												—						4,212,485
Selling expense			83,045						493,889												—						576,934
Segment Operating Income			496,569						1,310,962												—						1,807,531
Corporate G&A			—						—												100,072						100,072
Operating Income			496,569						1,310,962												(100,072)						1,707,459
Interest expense			—						—												(81,795)						(81,795)
Other (expense) income, net			—						—												(19,252)						(19,252)
Income before Income Taxes			$	496,569					$	1,310,962											$	(201,119)					$	1,606,412
Depreciation			$	40,443					$	77,344											$	4,715					$	122,502
Amortization			43,471						171,663												—						215,134
Total depreciation and amortization			$	83,914					$	249,007											$	4,715					$	337,636
Research, Development & Engineering costs (1)			$	68,960					$	282,701											$	—					$	351,661
Assets			$	4,957,944					$	9,559,282											$	506,307					$	15,023,533
Capital Expenditures (2)			$	272,060					$	86,616											$	12,385					$	371,061

(1)Included in cost of sales.

(2)Includes $223.7 million in EMG, and $11.1 million in EIG from acquired businesses.

			EMG						EIG												Corporate						Total Consolidated
2022
Net Sales			$	1,921,177					$	4,229,353											$	—					$	6,150,530
Cost of sales (1)			1,337,108						2,668,153												—						4,005,261
Selling expense			80,476						471,471												—						551,947
Segment Operating Income			503,593						1,089,729												—						1,593,322
Corporate G&A			—						—												92,630						92,630
Operating Income			503,593						1,089,729												(92,630)						1,500,692
Interest expense			—						—												(83,186)						(83,186)
Other income (expense), net			—						—												11,186						11,186
Income before Income Taxes			$	503,593					$	1,089,729											$	(164,630)					$	1,428,692
Depreciation			$	37,474					$	73,093											$	3,095					$	113,662
Amortization			40,422						165,343												—						205,765
Total depreciation and amortization			$	77,896					$	238,436											$	3,095					$	319,427
Research, Development & Engineering costs (2)			$	63,892					$	258,178											$	—					$	322,070
Assets			$	2,617,685					$	9,430,797											$	382,638					$	12,431,120
Capital Expenditures (3)			$	38,186					$	93,505											$	19,757					$	151,448

(1)Includes $7.1 million in EMG from a gain on the sale of a facility.

(2)Included in cost of sales.

(3)Includes $12.3 million in EIG and $0.1 million in Corporate 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, 2024 and 2023 is shown below.

			2024						2023
			(In thousands)
Long-lived assets from continuing operations (excluding intangible assets):
United States			$	590,386					$	646,381
International(1):
United Kingdom			68,239						73,328
European Union countries			84,707						95,781
Asia			12,416						13,351
Other foreign countries			62,863						62,452
Total international			228,225						244,912
Total consolidated			$	818,611					$	891,293

_________________

(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.

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-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
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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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