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Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

For the three months ended September 30, 2024			U.S. Operations						Swiss Operations						Western European Operations						Chinese Operations						Other Operations						Total
Product Revenue			$	253,663					$	42,311					$	135,271					$	147,851					$	136,497					$	715,593
Service Revenue:
Point in time			72,240						7,969						43,250						11,852						36,370						171,681
Over time			25,139						3,155						23,316						4,697						10,954						67,261
Total			$	351,042					$	53,435					$	201,837					$	164,400					$	183,821					$	954,535

For the three months ended September 30, 2023			U.S. Operations						Swiss Operations						Western European Operations						Chinese Operations						Other Operations						Total
Product Revenue			$	264,095					$	40,270					$	135,608					$	147,312					$	135,326					$	722,611
Service Revenue:
Point in time			68,082						7,049						42,663						10,570						34,420						162,784
Over time			21,581						2,914						20,249						4,130						8,193						57,067
Total			$	353,758					$	50,233					$	198,520					$	162,012					$	177,939					$	942,462

For the nine months ended September 30, 2024			U.S. Operations						Swiss Operations						Western European Operations						Chinese Operations						Other Operations						Total
Product Revenue			$	768,744					$	125,350					$	423,919					$	425,298					$	385,510					$	2,128,821
Service Revenue:
Point in time			219,213						23,348						129,289						33,506						102,194						507,550
Over time			71,423						9,172						65,707						13,178						31,383						190,863
Total			$	1,059,380					$	157,870					$	618,915					$	471,982					$	519,087					$	2,827,234

For the nine months ended September 30, 2023			U.S. Operations						Swiss Operations						Western European Operations						Chinese Operations						Other Operations						Total
Product Revenue			$	776,505					$	113,393					$	406,719					$	522,001					$	378,965					$	2,197,583
Service Revenue:
Point in time			210,957						21,756						124,659						34,938						96,607						488,917
Over time			62,812						8,256						58,641						12,510						24,598						166,817
Total			$	1,050,274					$	143,405					$	590,019					$	569,449					$	500,170					$	2,853,317

A breakdown of net sales to external customers by geographic customer destination for the three and nine months ended September 30 follows:

			Three Months Ended												Nine Months Ended
			2024						2023						2024						2023
Americas			$	393,620					$	397,721					$	1,181,992					$	1,166,691
Europe			259,993						255,157						792,690						755,470
Asia / Rest of World			300,922						289,584						852,552						931,156
Total			$	954,535					$	942,462					$	2,827,234					$	2,853,317

The Company's global revenue mix by product category is laboratory (56% of sales), industrial (39% of sales) and retail (5% of sales). The Company's product revenue by reportable segment is proportionately similar to the Company's global mix except the Company's Swiss Operations is largely comprised of laboratory products while the Company's Chinese Operations has a slightly higher percentage of industrial products. A breakdown of the Company’s sales by product category for the three and nine months ended September 30 is as follows:

			Three Months Ended												Nine Months Ended
			2024						2023						2024						2023
Laboratory			$	534,835					$	508,817					$	1,583,123					$	1,555,547
Industrial			365,514						365,909						1,091,616						1,120,090
Retail			54,186						67,736						152,495						177,680
Total			$	954,535					$	942,462					$	2,827,234					$	2,853,317

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

						2024						2023
Beginning balances as of January 1						$	202,022					$	192,759
Customer pre-payments/deferred revenue						483,079						485,721
Revenue recognized						(474,832)						(484,858)
Foreign currency translation						381						(2,838)
Ending balance as of September 30						$	210,650					$	190,784

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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- References

No definition available.

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