XML 34 R23.htm IDEA: XBRL DOCUMENT v3.25.1
Reportable Segments
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
The Company has two reportable segments, Electronic Instruments Group (“EIG”) and Electromechanical Group (“EMG”). The Company identifies its operating segments for segment reporting purposes primarily on the basis of product type, production processes, distribution methods and management organizations.
Reportable Segment Financial Information (in thousands):
Three Months Ended March 31, 2025
EMGEIGCorporateTotal Consolidated
Net Sales$588,298 $1,143,673 $— $1,731,971 
Cost of sales437,788 669,183 — 1,106,971 
Selling expense21,792 120,440 — 142,232 
Segment Operating Income128,718 354,050 — 482,768 
Corporate G&A— — 27,939 27,939 
Operating Income128,718 354,050 (27,939)454,829 
Interest expense— — (18,993)(18,993)
Other (expense) income, net— — (1,614)(1,614)
Income before Income Taxes$128,718 $354,050 $(48,546)$434,222 
Depreciation15,393 18,757 1,436 35,586 
Amortization26,643 44,138 — 70,781 
Total depreciation and amortization$42,036 $62,895 $1,436 $106,367 
Research, Development & Engineering costs (1)
$21,243 $73,622 $— $94,865 
Assets$4,807,148 $9,459,042 $610,906 $14,877,096 
Capital Expenditures$7,164 $10,403 $5,502 $23,069 
(1)Included in cost of sales.
Three Months Ended March 31, 2024
EMGEIGCorporateTotal Consolidated
Net Sales$579,401 $1,156,779 $— $1,736,180 
Cost of sales (1)
466,378 678,303 — 1,144,681 
Selling expense22,332 125,536 — 147,868 
Segment Operating Income90,691 352,940 — 443,631 
Corporate G&A— — 26,415 26,415 
Operating Income90,691 352,940 (26,415)417,216 
Interest expense— — (35,254)(35,254)
Other (expense) income, net— — (633)(633)
Income before Income Taxes$90,691 $352,940 $(62,302)$381,329 
Depreciation$16,168 $17,727 $1,391 $35,286 
Amortization19,602 43,112 — 62,714 
Total depreciation and amortization$35,770 $60,839 $1,391 $98,000 
Research, Development & Engineering costs (2)
$19,172 $76,953 $— $96,125 
Assets$4,909,463 $9,438,225 $517,293 $14,864,981 
Capital Expenditures$12,397 $12,707 $2,548 $27,652 
(1)Includes $29.2 million in EMG for Paragon integration costs.
(2)Included in cost of sales.