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Segment Information (Tables)

6 Months Ended

Jun. 30, 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 June 30,												Six Months Ended June 30,
			2021						2020						2021						2020
Revenue:
Engineered Products			$	442,091					$	342,380					$	870,218					$	750,540
Fueling Solutions			437,042						326,495						826,720						686,477
Imaging & Identification			294,076						227,977						578,404						484,742
Pumps & Process Solutions			428,701						309,095						823,078						628,631
Refrigeration & Food Equipment			430,506						293,527						802,583						605,440
Intra-segment eliminations			(740)						(299)						(1,426)						(716)
Total consolidated revenue			$	2,031,676					$	1,499,175					$	3,899,577					$	3,155,114
Net earnings:
Segment earnings (EBIT): (1)
Engineered Products			$	62,720					$	47,702					$	131,499					$	116,796
Fueling Solutions			78,755						47,214						145,235						100,712
Imaging & Identification			60,747						38,046						117,739						89,528
Pumps & Process Solutions			138,632						67,702						262,277						133,781
Refrigeration & Food Equipment(2)			48,971						11,459						87,088						34,988
Total segment earnings (EBIT)			389,825						212,123						743,838						475,805
Corporate expense / other (3)			40,762						27,311						79,382						51,408
Interest expense			26,661						28,711						53,484						55,979
Interest income			(942)						(728)						(1,622)						(1,911)
Earnings before provision for income taxes			323,344						156,829						612,594						370,329
Provision for income taxes			58,836						32,063						115,317						69,284
Net earnings			$	264,508					$	124,766					$	497,277					$	301,045

(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 and six months ended June 30, 2020 include a $781 expense and a $5,770 gain on the sale of AMS Chino, respectively. The three and six months ended June 30, 2020 also include a $3,640 write-off of assets.

(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 June 30,												Six Months Ended June 30,
Revenue by geography			2021						2020						2021						2020
United States			$	1,091,015					$	852,999					$	2,127,029					$	1,809,639
Europe			459,074						320,076						904,369						681,242
Asia			236,008						164,009						428,115						318,284
Other Americas			171,891						112,995						302,068						242,044
Other			73,688						49,096						137,996						103,905
Total			$	2,031,676					$	1,499,175					$	3,899,577					$	3,155,114

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

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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

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