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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2021
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, |  |
| 2021 |  | 2020 |  |  |  |
Revenue: |  |  |  |  |  |  |
Engineered Products | $ | 428,127 |  |  | $ | 408,160 |  |  |  |  |
Fueling Solutions | 389,678 |  |  | 359,982 |  |  |  |  |
Imaging & Identification | 284,328 |  |  | 256,765 |  |  |  |  |
Pumps & Process Solutions | 394,377 |  |  | 319,536 |  |  |  |  |
Refrigeration & Food Equipment | 372,077 |  |  | 311,913 |  |  |  |  |
Intra-segment eliminations | (686) |  |  | (417) |  |  |  |  |
Total consolidated revenue | $ | 1,867,901 |  |  | $ | 1,655,939 |  |  |  |  |
Net earnings: |  |  |  |  |  |  |
Segment earnings (EBIT): (1) |  |  |  |  |  |  |
Engineered Products | $ | 68,779 |  |  | $ | 69,094 |  |  |  |  |
Fueling Solutions | 66,480 |  |  | 53,498 |  |  |  |  |
Imaging & Identification | 56,992 |  |  | 51,482 |  |  |  |  |
Pumps & Process Solutions | 123,645 |  |  | 66,079 |  |  |  |  |
Refrigeration & Food Equipment(2) | 38,117 |  |  | 23,529 |  |  |  |  |
Total segment earnings (EBIT) | 354,013 |  |  | 263,682 |  |  |  |  |
Corporate expense / other (3) | 38,620 |  |  | 24,097 |  |  |  |  |
Interest expense | 26,823 |  |  | 27,268 |  |  |  |  |
Interest income | (680) |  |  | (1,183) |  |  |  |  |
Earnings before provision for income taxes | 289,250 |  |  | 213,500 |  |  |  |  |
Provision for income taxes | 56,481 |  |  | 37,221 |  |  |  |  |
Net earnings | $ | 232,769 |  |  | $ | 176,279 |  |  |  |  |
(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, 2020 includes a $6,551 gain on the sale of AMS Chino. (3) 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 | 2021 |  | 2020 |  |  |  |
United States | $ | 1,036,014 |  |  | $ | 956,640 |  |  |  |  |
Europe | 445,295 |  |  | 361,166 |  |  |  |  |
Asia | 192,107 |  |  | 154,275 |  |  |  |  |
Other Americas | 130,177 |  |  | 129,049 |  |  |  |  |
Other | 64,308 |  |  | 54,809 |  |  |  |  |
Total | $ | 1,867,901 |  |  | $ | 1,655,939 |  |  |  |  |

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