XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.26.1

Reportable Segments | 6 Months Ended
--- | ---
Jun. 30, 2026
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, 2026
| EMG |  | EIG |  | Corporate |  | Total Consolidated
Net Sales | $ | 723,244 |  |  | $ | 1,321,153 |  |  | $ | — |  |  | $ | 2,044,397 |
Cost of sales (1) | 509,125 |  |  | 800,231 |  |  | — |  |  | 1,309,356 |
Selling expense | 24,802 |  |  | 151,200 |  |  | — |  |  | 176,002 |
Segment Operating Income | 189,317 |  |  | 369,722 |  |  | — |  |  | 559,039 |
Corporate G&A | — |  |  | — |  |  | 30,846 |  |  | 30,846 |
Operating Income | 189,317 |  |  | 369,722 |  |  | (30,846) |  |  | 528,193 |
Interest expense (2) | — |  |  | — |  |  | (30,101) |  |  | (30,101) |
Other (expense) income, net | — |  |  | — |  |  | (5,720) |  |  | (5,720) |
Income before Income Taxes | $ | 189,317 |  |  | $ | 369,722 |  |  | $ | (66,667) |  |  | $ | 492,372 |
Depreciation | 15,732 |  |  | 19,417 |  |  | 1,655 |  |  | 36,804 |
Amortization | 18,811 |  |  | 50,316 |  |  | — |  |  | 69,127 |
Total depreciation and amortization | $ | 34,543 |  |  | $ | 69,733 |  |  | $ | 1,655 |  |  | $ | 105,931 |
Research, Development & Engineering costs (3) | $ | 22,099 |  |  | $ | 88,822 |  |  | $ | — |  |  | $ | 110,921 |
Assets | $ | 5,119,728 |  |  | $ | 10,684,591 |  |  | $ | 790,394 |  |  | $ | 16,594,713 |
Capital Expenditures | $ | 10,908 |  |  | $ | 15,675 |  |  | $ | 5,428 |  |  | $ | 32,011 |
(1)Includes $16.2 million of acquisition-related costs. (2)Includes $10.0 million of acquisition-related financing fees. (3)Included in cost of sales.
| Three Months Ended June 30, 2025
| EMG |  | EIG |  | Corporate |  | Total Consolidated
Net Sales | $ | 618,485 |  |  | $ | 1,159,571 |  |  | $ | — |  |  | $ | 1,778,056 |
Cost of sales | 452,132 |  |  | 690,035 |  |  | — |  |  | 1,142,167 |
Selling expense | 22,465 |  |  | 125,108 |  |  | — |  |  | 147,573 |
Segment Operating Income | 143,888 |  |  | 344,428 |  |  | — |  |  | 488,316 |
Corporate G&A | — |  |  | — |  |  | 26,690 |  |  | 26,690 |
Operating Income | 143,888 |  |  | 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 |
Depreciation | $ | 15,665 |  |  | $ | 19,130 |  |  | $ | 1,481 |  |  | $ | 36,276 |
Amortization | 26,812 |  |  | 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.
| Six Months Ended June 30, 2026
| EMG |  | EIG |  | Corporate |  | Total Consolidated
Net Sales | $ | 1,387,145 |  |  | $ | 2,585,689 |  |  | $ | — |  |  | $ | 3,972,834 |
Cost of sales (1) | 979,217 |  |  | 1,541,017 |  |  | — |  |  | 2,520,234 |
Selling expense | 47,845 |  |  | 301,012 |  |  | — |  |  | 348,857 |
Segment Operating Income | 360,083 |  |  | 743,660 |  |  | — |  |  | 1,103,743 |
Corporate G&A | — |  |  | — |  |  | 60,614 |  |  | 60,614 |
Operating Income | 360,083 |  |  | 743,660 |  |  | (60,614) |  |  | 1,043,129 |
Interest expense (2) | — |  |  | — |  |  | (51,010) |  |  | (51,010) |
Other (expense) income, net | — |  |  | — |  |  | (6,767) |  |  | (6,767) |
Income before Income Taxes | $ | 360,083 |  |  | $ | 743,660 |  |  | $ | (118,391) |  |  | $ | 985,352 |
Depreciation | $ | 31,178 |  |  | $ | 38,595 |  |  | $ | 3,292 |  |  | $ | 73,065 |
Amortization | 37,214 |  |  | 101,142 |  |  | — |  |  | 138,356 |
Total depreciation and amortization | $ | 68,392 |  |  | $ | 139,737 |  |  | $ | 3,292 |  |  | $ | 211,421 |
Research, Development & Engineering costs (3) | $ | 44,630 |  |  | $ | 177,867 |  |  | $ | — |  |  | $ | 222,497 |
Capital Expenditures | $ | 20,252 |  |  | $ | 28,516 |  |  | $ | 8,711 |  |  | $ | 57,479 |
(1)Includes $17.8 million of acquisition-related costs. (2)Includes $10.0 million of acquisition-related financing fees. (3)Included in cost of sales.
| Six Months Ended June 30, 2025
| EMG |  | EIG |  | Corporate |  | Total Consolidated
Net Sales | $ | 1,206,783 |  |  | $ | 2,303,244 |  |  | $ | — |  |  | $ | 3,510,027 |
Cost of sales | 889,920 |  |  | 1,359,218 |  |  | — |  |  | 2,249,138 |
Selling expense | 44,257 |  |  | 245,548 |  |  | — |  |  | 289,805 |
Segment Operating Income | 272,606 |  |  | 698,478 |  |  | — |  |  | 971,084 |
Corporate G&A | — |  |  | — |  |  | 54,629 |  |  | 54,629 |
Operating Income | 272,606 |  |  | 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 |
Amortization | 53,455 |  |  | 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 | $ | 17,357 |  |  | $ | 21,669 |  |  | $ | 13,312 |  |  | $ | 52,338 |
(1)Included in cost of sales.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for segment reporting. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 18: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 19: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 20: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 21: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 22: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration