XML 61 R43.htm IDEA: XBRL DOCUMENT
v3.20.1

Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Segment Reporting [Abstract] |
Revenue and earnings from continuing operations by market segment | Segment financial information and a reconciliation of segment results to consolidated results was as follows:
|  |  |  |  | Three Months Ended March 31, |  |  |
|  |  |  |  | 2020 |  | 2019
Revenue: |  |  |  |  |  |  |  |
Engineered Products |  |  |  |  |  | $ | 408,160 |  |  | $ | 418,851 |
Fueling Solutions |  |  |  |  |  | 359,982 |  |  | 373,050 |
Imaging & Identification |  |  |  |  |  | 256,765 |  |  | 268,354 |
Pumps & Process Solutions |  |  |  |  |  | 319,536 |  |  | 330,219 |
Refrigeration & Food Equipment |  |  |  |  |  | 311,913 |  |  | 334,643 |
Intra-segment eliminations |  |  |  |  |  | (417) |  |  | (360) |
Total consolidated revenue |  |  |  |  |  | $ | 1,655,939 |  |  | $ | 1,724,757 |
Net earnings: |  |  |  |  |  |  |  |
Segment earnings (EBIT): (1) |  |  |  |  |  |  |
Engineered Products |  |  |  |  |  | $ | 69,094 |  |  | $ | 67,119 |
Fueling Solutions |  |  |  |  | 53,498 |  |  | 37,230 |
Imaging & Identification |  |  |  |  |  | 51,482 |  |  | 55,955 |
Pumps & Process Solutions (2) |  |  |  |  | 66,079 |  |  | 14,991 |
Refrigeration & Food Equipment(3) |  |  |  |  | 23,529 |  |  | 24,807 |
Total segment earnings (EBIT) |  |  |  |  |  | 263,682 |  |  | 200,102 |
Corporate expense / other (4) |  |  |  |  | 24,097 |  |  | 30,866 |
Interest expense |  |  |  |  |  | 27,268 |  |  | 31,808 |
Interest income |  |  |  |  | (1,183) |  |  | (890) |
Earnings before provision for income taxes |  |  |  |  |  | 213,500 |  |  | 138,318 |
Provision for income taxes |  |  |  |  |  | 37,221 |  |  | 32,613 |
Net earnings |  |  |  |  |  | $ | 176,279 |  |  | $ | 105,705 |
(1) Segment earnings (EBIT) includes non-operating income and expense directly attributable to the segments. Non-operating income and expense includes gain on sale of a business and other income, net. (2) The three months ended March 31, 2019 includes a $46,946 loss on assets held for sale for Finder. (3) The three months ende d March 31, 2020 i ncludes a $6,551 gain on the sale of AMS Chino. (4) Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, shared business services overhead costs, deal related expenses and various administrative expenses relating to the corporate headquarters.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | The following table presents revenue disaggregated by geography based on the location of the Company's customer:
| Three Months Ended March 31, |  |  |  |  |  |
Revenue by geography | 2020 |  | 2019 |  |  |  |
United States | $ | 956,640 |  |  |  | $ | 919,892 |  |  |  |  |
Europe | 361,166 |  |  |  | 402,645 |  |  |  |  |
Asia | 154,275 |  |  |  | 196,350 |  |  |  |  |
Other Americas | 129,049 |  |  |  | 138,118 |  |  |  |  |
Other | 54,809 |  |  |  | 67,752 |  |  |  |  |
Total | $ | 1,655,939 |  |  |  | $ | 1,724,757 |  |  |  |  |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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