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Reportable Segments
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
The Company has two reportable segments, Electronic Instruments Group and Electromechanical Group. 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 June 30, 2025
EMGEIGCorporateTotal Consolidated
Net Sales$618,485 $1,159,571 $— $1,778,056 
Cost of sales452,132 690,035 — 1,142,167 
Selling expense22,465 125,108 — 147,573 
Segment Operating Income143,888 344,428 — 488,316 
Corporate G&A— — 26,690 26,690 
Operating Income143,888 344,428 (26,690)461,626 
Interest expense— — (16,857)(16,857)
Other (expense) income, net— — (2,600)(2,600)
Income before Income Taxes$143,888 $344,428 $(46,147)$442,169 
Depreciation15,665 19,130 1,481 36,276 
Amortization26,812 44,613 — 71,425 
Total depreciation and amortization$42,477 $63,743 $1,481 $107,701 
Research, Development & Engineering costs (1)
$21,032 $73,195 $— $94,227 
Assets$4,847,262 $9,541,110 $878,174 $15,266,546 
Capital Expenditures$10,193 $11,266 $7,810 $29,269 
(1)Included in cost of sales.
Three Months Ended June 30, 2024
EMGEIGCorporateTotal Consolidated
Net Sales$581,221 $1,153,613 $— $1,734,834 
Cost of sales435,427 674,998 — 1,110,425 
Selling expense22,692 128,758 — 151,450 
Segment Operating Income123,102 349,857 — 472,959 
Corporate G&A— — 25,445 25,445 
Operating Income123,102 349,857 (25,445)447,514 
Interest expense— — (30,590)(30,590)
Other (expense) income, net— — 86 86 
Income before Income Taxes$123,102 $349,857 $(55,949)$417,010 
Depreciation$16,514 $17,703 $1,644 $35,861 
Amortization19,607 43,214 — 62,821 
Total depreciation and amortization$36,121 $60,917 $1,644 $98,682 
Research, Development & Engineering costs (1)
$18,261 $71,951 $— $90,212 
Assets$4,892,661 $9,368,934 $534,271 $14,795,866 
Capital Expenditures$6,375 $10,436 $4,605 $21,416 
(1)Included in cost of sales.
Six Months Ended June 30, 2025
EMGEIGCorporateTotal Consolidated
Net Sales$1,206,783 $2,303,244 $— $3,510,027 
Cost of sales889,920 1,359,218 — 2,249,138 
Selling expense44,257 245,548 — 289,805 
Segment Operating Income272,606 698,478 — 971,084 
Corporate G&A— — 54,629 54,629 
Operating Income272,606 698,478 (54,629)916,455 
Interest expense— — (35,850)(35,850)
Other (expense) income, net— — (4,214)(4,214)
Income before Income Taxes$272,606 $698,478 $(94,693)$876,391 
Depreciation$31,058 $37,887 $2,917 $71,862 
Amortization53,455 88,751 — 142,206 
Total depreciation and amortization$84,513 $126,638 $2,917 $214,068 
Research, Development & Engineering costs (1)
$42,275 $146,817 $— $189,092 
Capital Expenditures (2)
$17,357 $21,669 $13,312 $52,338 
(1)Included in cost of sales.
(2)Includes $20.0 million in EIG from an acquired business.

Six Months Ended June 30, 2024
EMGEIGCorporateTotal Consolidated
Net Sales$1,160,622 $2,310,392 $— $3,471,014 
Cost of sales (1)
901,805 1,353,301 — 2,255,106 
Selling expense45,024 254,294 — 299,318 
Segment Operating Income213,793 702,797 — 916,590 
Corporate G&A— — 51,860 51,860 
Operating Income213,793 702,797 (51,860)864,730 
Interest expense— — (65,844)(65,844)
Other (expense) income, net— — (547)(547)
Income before Income Taxes$213,793 $702,797 $(118,251)$798,339 
Depreciation$32,682 $35,430 $3,035 $71,147 
Amortization39,209 86,325 — 125,534 
Total depreciation and amortization$71,891 $121,755 $3,035 $196,681 
Research, Development & Engineering costs (2)
$37,433 $148,904 $— $186,337 
Capital Expenditures$18,772 $23,143 $7,153 $49,068 
(1)Includes $29.2 million in EMG for Paragon integration costs.
(2)Included in cost of sales.