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SEGMENT INFORMATION (Table) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information By Segment [Text Block] | Operating results by reportable segment are as follows:
|  | Year Ended December 31,
(In thousands) |  | 2024 |  | 2023 |  | 2022
Net sales |  |  |  |  |  |
Aerospace & Industrial |  | $ | 933,206 |  |  | $ | 889,744 |  |  | $ | 838,885 |
Defense Electronics |  | 914,358 |  |  | 818,547 |  |  | 693,709 |
Naval & Power |  | 1,278,895 |  |  | 1,142,590 |  |  | 1,030,918 |
Less: Intersegment Revenues |  | (5,270) |  |  | (5,508) |  |  | (6,487) |
Total net sales |  | $ | 3,121,189 |  |  | $ | 2,845,373 |  |  | $ | 2,557,025 |
Cost of sales |  |  |  |  |  |
Aerospace & Industrial |  | $ | 600,131 |  |  | $ | 577,038 |  |  | $ | 550,001 |
Defense Electronics |  | 481,374 |  |  | 432,313 |  |  | 365,372 |
Naval & Power |  | 868,109 |  |  | 761,202 |  |  | 678,745 |
Total cost of sales |  | $ | 1,949,614 |  |  | $ | 1,770,553 |  |  | $ | 1,594,118 |
Research and development expenses |  |  |  |  |  |
Aerospace & Industrial |  | $ | 26,729 |  |  | $ | 23,211 |  |  | $ | 21,132 |
Defense Electronics |  | 52,132 |  |  | 50,865 |  |  | 48,587 |
Naval & Power |  | 11,435 |  |  | 10,793 |  |  | 9,179 |
Total research and development expenses |  | $ | 90,296 |  |  | $ | 84,869 |  |  | $ | 78,898 |
Selling expenses |  |  |  |  |  |
Aerospace & Industrial |  | $ | 25,614 |  |  | $ | 25,897 |  |  | $ | 25,355 |
Defense Electronics |  | 58,705 |  |  | 54,811 |  |  | 47,202 |
Naval & Power |  | 58,332 |  |  | 54,847 |  |  | 46,951 |
Total selling expenses |  | $ | 142,651 |  |  | $ | 135,555 |  |  | $ | 119,508 |
General and administrative expenses |  |  |  |  |  |
Aerospace & Industrial |  | $ | 123,907 |  |  | $ | 118,320 |  |  | $ | 105,401 |
Defense Electronics |  | 95,472 |  |  | 88,783 |  |  | 77,980 |
Naval & Power |  | 140,696 |  |  | 126,521 |  |  | 113,810 |
Total general and administrative expenses |  | $ | 360,075 |  |  | $ | 333,624 |  |  | $ | 297,191 |
Other segment items(2) |  |  |  |  |  |
Aerospace & Industrial |  | $ | 8,802 |  |  | $ | — |  |  | $ | — |
Defense Electronics |  | 1,936 |  |  | — |  |  | — |
Naval & Power |  | 660 |  |  | — |  |  | 4,651 |
Total other segment items |  | $ | 11,398 |  |  | $ | — |  |  | $ | 4,651 |
Operating income |  |  |  |  |  |
Aerospace & Industrial |  | $ | 148,023 |  |  | $ | 145,278 |  |  | $ | 136,996 |
Defense Electronics |  | 224,739 |  |  | 191,775 |  |  | 154,568 |
Naval & Power |  | 199,663 |  |  | 189,227 |  |  | 177,582 |
Total Segment |  | $ | 572,425 |  |  | $ | 526,280 |  |  | $ | 469,146 |
Corporate and Eliminations (1) |  | (43,828) |  |  | (41,678) |  |  | (45,703) |
Total Consolidated |  | $ | 528,597 |  |  | $ | 484,602 |  |  | $ | 423,443 |
Depreciation and amortization expense |  |  |  |  |  |
Aerospace & Industrial |  | $ | 32,217 |  |  | $ | 33,994 |  |  | $ | 34,336 |
Defense Electronics |  | 31,017 |  |  | 33,347 |  |  | 35,120 |
Naval & Power |  | 41,499 |  |  | 46,165 |  |  | 39,712 |
Corporate |  | 2,934 |  |  | 2,666 |  |  | 2,859 |
Total Consolidated |  | $ | 107,667 |  |  | $ | 116,172 |  |  | $ | 112,027 |
Capital expenditures |  |  |  |  |  |
Aerospace & Industrial |  | $ | 19,861 |  |  | $ | 17,067 |  |  | $ | 18,554 |
Defense Electronics |  | 11,180 |  |  | 5,573 |  |  | 3,504 |
Naval & Power |  | 25,952 |  |  | 18,112 |  |  | 13,652 |
Corporate |  | 3,981 |  |  | 3,914 |  |  | 2,507 |
Total Consolidated |  | $ | 60,974 |  |  | $ | 44,666 |  |  | $ | 38,217 |
(1) Corporate and Eliminations includes pension expense, environmental remediation and administrative expenses, legal, and other expenses. (2) Other segment items includes restructuring expenses associated with the 2024 Restructuring Program as well as the loss on divestiture from the Corporation's sale of its industrial valves business in 2022.
|  | As of December 31,
(In thousands) |  | 2024 |  | 2023
Segment assets |  |  |  |
Aerospace & Industrial |  | $ | 1,090,739 |  |  | $ | 1,077,808 |
Defense Electronics |  | 1,446,949 |  |  | 1,517,877 |
Naval & Power |  | 1,927,325 |  |  | 1,496,063 |
Corporate |  | 520,691 |  |  | 529,221 |
Total Consolidated |  | $ | 4,985,704 |  |  | $ | 4,620,969 |
|  | Year Ended December 31,
(In thousands) |  | 2024 |  | 2023 |  | 2022
Earnings before taxes: |  |  |  |  |  |
Total reportable segment operating income |  | $ | 572,425 |  |  | $ | 526,280 |  |  | $ | 469,146 |
Corporate and Eliminations |  | (43,828) |  |  | (41,678) |  |  | (45,703) |
Interest expense |  | 44,869 |  |  | 51,393 |  |  | 46,980 |
Other income, net |  | 38,328 |  |  | 29,861 |  |  | 12,732 |
Earnings before income taxes |  | $ | 522,056 |  |  | $ | 463,070 |  |  | $ | 389,195 |
Reconciliation Of Assets From Segment To Consolidated [Text Block] |
|  | As of December 31,
(In thousands) |  | 2024 |  | 2023
Assets: |  |  |  |
Total assets for reportable segments |  | $ | 4,465,013 |  |  | $ | 4,091,748 |
Non-segment cash |  | 165,762 |  |  | 228,930 |
Other assets |  | 354,929 |  |  | 300,291 |
Total consolidated assets |  | $ | 4,985,704 |  |  | $ | 4,620,969 |
ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock |
|  | Year Ended December 31,
(In thousands) |  | 2024 |  | 2023 |  | 2022
Revenues |  |  |  |  |  |
United States of America |  | $ | 2,287,285 |  |  | $ | 2,060,986 |  |  | $ | 1,879,001 |
United Kingdom |  | 134,621 |  |  | 115,078 |  |  | 102,965 |
Other foreign countries |  | 699,283 |  |  | 669,309 |  |  | 575,059 |
Consolidated total |  | $ | 3,121,189 |  |  | $ | 2,845,373 |  |  | $ | 2,557,025 |
ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock |
|  | As of December 31,
(In thousands) |  | 2024 |  | 2023
Long-Lived Assets - Property, plant, and equipment, net |  |  |  |
United States of America |  | $ | 250,781 |  |  | $ | 243,542 |
United Kingdom |  | 26,244 |  |  | 25,898 |
Other foreign countries |  | 62,093 |  |  | 63,356 |
Consolidated total |  | $ | 339,118 |  |  | $ | 332,796 |

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